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Sinn Féin tables motion of no confidence in Minister for Finance Brian Lenihan

30 September, 2010 - by Caoimhghín Ó Caoláin TD

Sinn Féin Dáil Leader Caoimhghín Ó Caoláin has tabled a motion of no confidence in Finance Minister Brian Lenihan after the Financial Regulator estimated that the cost of the bail out of Anglo Irish Bank will be up to €34 billion.

Speaking this morning Deputy Ó Caoláin said:

“It is our belief that Minister Lenihan withheld information from the Dáil when he asked for support for the original bank guarantee scheme.

“It has since been revealed that Anglo Irish Bank was insolvent at the time and the bill for the bailout is now set to be between €29 and €34 billion.

“Sinn Féin has no confidence in the Minister for Finance and we have tabled a motion to that effect this morning. I am calling on both Fine Gael and Labour to support this motion and facilitate a debate on the matter by allowing time for it to be debated.” ENDS

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