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Barrosso comments leave Government exposed — Adams

20 December, 2013 - by Gerry Adams TD


Responding today to comments by European Commission President Manuel Barrosso on Irish bank recapitalisation, Sinn Fein Leader Gerry Adams TD said:

“EU Commission President Jose Manuel Barroso now appears to be definitively ruling out retroactive recapitalisation. His words leave this Government badly exposed.”

Deputy Adams accused the government of having “miserably failed to defend and promote the interests of Irish citizens.”

Gerry Adams TD:

“The most important issue facing this state is dealing with the unsustainable bank debt, foisted on our citizens by a Fianna Fáil Government which crashed the economy and gave away the state’s economic sovereignty.

 

“It has been Sinn Féin’s consistent position that the Government needs to assertively pursue historic recapitalisation of Irish banks to attain the maximum benefit for the citizens of this state.

“Despite the fact that the Fine Gael/Labour Government promised that retroactive recapitalisation of Irish banks was on the table after the so-called ‘game-changing’ June 2012 EU summit, it failed to pursue this with any seriousness.

“European Commission President Jose Manuel Barroso now appears to be definitively ruling out retroactive recapitalisation. His words leave this Government badly exposed.

“This is further evidence of the failure of the Government’s EU negotiations strategy and its reliance on spin over substance.

“This Government has, once again, miserably failed to defend and promote the interests of Irish citizens.”

ENDS

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