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Taoiseach’s credibility in tatters – Ó Caoláin

12 January, 2011 - by Caoimhghín Ó Caoláin TD


Sinn Féin Dáil leader Caoimhghín Ó Caoláin has said that the Taoiseach’s credibility is in tatters after he admitted, following Dáil questioning from Deputy Ó Caoláin, that as well as Seán Fitzpatrick, the Taoiseach was joined at the Druid’s Glen dinner by then Anglo-Irish Director Gary McGann and Alan Gray, a Director of the Central Bank appointed by Mr. Cowen as Finance Minister in 2007.

Deputy Ó Caoláin said:

“The Taoiseach’s credibility is in tatters. How are we expected to believe that the crisis in Anglo-Irish Bank was not discussed at Druid’s Glen when the Taoiseach dined with Anglo chairman Seán Fitzpatrick as well as one of Anglo’s board of directors, Gary McGann and Alan Gray, a Director of the Central Bank appointed by Mr. Cowen as Finance Minister in 2007.

“Following questioning from me in the Dáil the Taoiseach has admitted the presence of these two very significant individuals at the Druid’s Glen dinner. Mr. McGann was among five non-executive directors who resigned from Anglo-Irish Bank on January 19th 2009. Alan Gray was appointed as a Director of the Central Bank and Financial Services Authority by Brian Cowen when he was Finance Minister in 2007.

“We are expected to believe that the chair of Anglo-Irish, one of its directors, a director of the Central Bank and the Taoiseach met and did not discuss the affairs of Anglo. What sort of regulatory regime was in place when a director of the Central Bank and IFSRA consorted socially with these senior figures in one of the most corrupt banks in the world?

“This Taoiseach and this Government are totally discredited and should resign now.” ENDS

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