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Greens must bring Anglo Irish debate to a head at Cabinet meeting – Morgan

1 September, 2010


Speaking ahead of today’s Cabinet meeting, Sinn Féin Spokesperson on Finance Arthur Morgan has said that the Green Party must go into the meeting and demand that Anglo Irish Bank is wound up as quickly as possible.

Deputy Morgan said the Greens should pull the Government down and let the people have their say if their Fianna Fáil partners do not agree to wind up Anglo Irish Bank.

He said:

“The Cabinet is meeting today to try and justify the need for €3billion in cuts for December’s budget, while at the same time attempting to rationalise the need to keep Anglo Irish bank open at the expense of taxpayers.

“The Government’s banking strategy is redundant, with its credit rating reduced again and its borrowing costs skyrocketing upwards.

“Keeping Anglo Irish open is not viable. Yesterdays record losses coupled with international opinion that the strain of Anglo Irish bank will bring down Ireland are evidence of the need to wind down the bank as quickly as possible.

“The Government cannot justify savaging public services, like health and education, in the next Budget by making €3billion worth of adjustments while at the same time sustaining an ineffective, zombie bank to the tune of over €25billion.

“The Green Party must go into today’s cabinet meeting and demand that Anglo Irish bank is wound up as quickly as possible. Now is the time for action from the Green Party. If their Fianna Fáil partners do not agree with them they should bring this Government down and let the people have their say.

“There cannot be any trade-offs. The Green part must stick to their newfound principles on Anglo Irish bank and not compromise on public services and public wellbeing.” ENDS

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