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Shame on Fine Gael and Labour for handing over taxpayers’ money to Anglo bondholders – Adams

2 November, 2011 - by Gerry Adams TD


Sinn Féin president Gerry Adams has today hit out at Fine Gael and Labour for presiding over the handover of €700 million of taxpayers’ money to an unguaranteed senior bondholder in Anglo Irish Bank.

As part of the party’s ‘Stop the Handover’ campaign Sinn Féin elected representatives and activists held a picket outside Leinster House in opposition to the payout.

Speaking at the protest Mr Adams said:

“Today marks yet another broken promise from the Fine Gael/Labour government who promised that ‘not another red cent’ would be given to toxic banks.

“Today €700 million of taxpayers’ money will be handed over to an unguaranteed, unsecured senior bondholder in the defunct Anglo Irish Bank. This comes little over a month before the government will introduce an austerity budget that will inflict great hardship on people who are already struggling to cope.

“In January a further €1.2 billion will be paid out.

“This really is nothing short of a scandal. How can Fine Gael, and in particular the Labour Party possibly justify handing over this sort of money when there are people out there having to choose between putting food on the table and keeping their home. When the ability to pay for fuel is a life and death issue for thousands of older people every winter.

“Shame on these parties for placing the demands of the banks and elite bondholders over the needs of the people.

“We in Sinn Féin want to stop this handover of taxpayers’ money to these institutions.

“It is not too late to stop this outrageous sell-out of the Irish people.

“We are calling on people to make their voices heard, to stand up for citizens and demand that the government put people before banks.

“Tell the government to ‘Stop the Handover’. Sign our petition, join our protests.”

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