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More questions to answer for An Taoiseach – Doherty

9 January, 2011 - by Pearse Doherty TD

Sinn Féin Finance spokesperson Pearse Doherty has said that revelations in today’s Sunday Times newspaper of direct contacts between An Taoiseach Brian Cowen and Seán Fitzpatrick “raises further questions over the motivations behind Government banking policy in the run up to September 2008 and the introduction of the Credit Institutions (Financial Support) Bill commonly known as the Bank Guarantee.”

The passing of this bill has led to enormous financial loss for the Irish Taxpayer of over €34 billion to date.

Deputy Doherty said:

“The Taoiseach’s claims that he played a round of golf and had dinner with Mr Fitzpatrick but that the situation in Anglo Irish Bank was not discussed is severely lacking in credibility. Furthermore revelations that he spoke by phone to Mr Fitzpatrick in March 2008 while still Minister for Finance in relation to the share prices in Anglo Irish Bank raises further questions about the cosy consensus between the Fianna Fáil government and the bankers and speculators who have brought down the economy.

“The Taoiseach needs to come clean on the full extent of the Governments contacts with senior bankers in Anglo and other banks and how much they really knew when they introduced the Bank Guarantee in September 2008.” ENDS

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