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Kenny decision not to raise bank debt with Merkel is a ‘monumental failure’

1 November, 2012 - by Pearse Doherty TD


Sinn Féin Finance spokesperson Pearse Doherty has described Enda Kenny’s decision not to raise the issue of Ireland’s bank debt with German Chancellor Angela Merkel today as a ‘monumental failure’. The Taoiseach made the startling revelation in a short video posted on www.merrionstreet.ie this morning.
Deputy Doherty said:
“Today An Taosieach Enda Kenny will travel to Berlin to meet with the German Chancellor Angela Merkel. In a video posted this morning on the Governments news service he made the startling revelation that he would not be discussing the issue of Ireland’s bank debt.
“He went further to say that this issue would be dealt with by Finance minister later in 2013, and gave the clear impression that he had no intention of raising the issue with other heads of state or government this year.
“Today’s admission by Enda Kenny’s represents a monumental failure on his part, particularly given Angela Merkel’s clear opposition to the use of the European Stability Mechanism for retrospectively recapitalising banks and her Finance Ministers belief that any meaningful talks on Irelands legacy debt will not take place until 2014.
“For Enda Kenny not to raise this crucial issue with Angela Merkel today is an abdication of his responsibilities as Taoiseach. The State’s ability to exit the Troika programme next year and return to the markets in 2014 is dependent in large part on securing a credible deal on banking debt.
“Enda Kenny needs to understand the heavy impact of the bank debt burden on ordinary people. Not only does he have a responsibility but an obligation to raise this issue at every available opportunity. His failure to even raise it at today’s meeting with Angela Merkel calls into question the seriousness of his approach to this issue. Once again it appears that the talk of securing a bank debt deal is more spin than substance.
“That Enda Kenny has decided to avoid discussing this demonstrates that his Government has no coherent plan to shift political opinion in Berlin. Now is the time for the Government to be applying maximum political pressure on those countries blocking a debt deal for Ireland.” ENDS
Note to editor: The Enda Kenny video can be viewed at http://www.merrionstreet.ie/index.php/2012/11/taoiseach-to-meet-chancellor-merkel-in-berlin-today/?cat=3

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