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End of NAMA debate marks a black day for Ireland – Morgan

5 November, 2009


Sinn Féin Finance spokesperson Arthur Morgan described today as a black day for Ireland. Deputy Morgan was referring to the end of the NAMA debate in the Dáil and the passing of the Bill before its final Seanad stages.

Deputy Morgan said:

“This is a black day for Ireland. Through NAMA, this government has orchestrated the largest robbery of the Irish taxpayer in our history and we will pay for it for decades.

“What makes this €54 billion bailout for the banks worse is that in a few short weeks, the Minister for Finance is going to walk into the Dail chamber and deliver a budget that lectures us all about fiscal prudence, growing debt levels and the need to cut spending by €4 billion from essential services.

“Fianna Fáil and the Green Party are operating two economies, one for their crony friends in the golden circle and one for the rest of us. They are taking our money from the services we want and throwing it at the banks and the elite.

“The real effects of NAMA will not be seen for years, by which time, this government will be gone from office and someone else will have to deal with their legacy. But before they go they are hanging a €54 billion noose around the economy of this state and generations of Irish taxpayers. They should be ashamed of themselves.

“The only way to stop this from happening is to have a general election and ensure a government is elected that will not implement NAMA and that is what Sinn Féin will continue to campaign for.” ENDS

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