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Irish Government fails Irish people at Europe deal

27 October, 2011 - by Gerry Adams TD


Sinn Féin president Gerry Adams TD has said that the Irish Government has “missed a clear opportunity to put Irish banking debt on the agenda and to negotiate a reduction in the billions of euro that Irish taxpayers are having to pay to toxic bad banks and unguaranteed bondholders.”

Mr. Adams said “the government has signed off on a 50% cut on debt for Greece and is now on a plane home to get a cheque for €700 million ready to hand over to unguaranteed Anglo Irish bondholders.”

The Sinn Féin leader said:

“During Leaders Questions yesterday in the Dáil I asked the Taoiseach if he would ensure that a writedown of Irish banking debt was on last night’s agenda. He failed to do this.

“I also asked him to give a clear undertaking that the government will not pay the planned €700 million next Wednesday to unguaranteed bondholders in Anglo. He refused.

“Having signed off on a 50% cut in Greek debt the government is now on a plane home to get a cheque for €700 million ready to hand over to unguaranteed Anglo Irish bondholders.

“There is no political, legal or moral obligation on the government to pay this.

“Sinn Féin is not opposed to the write-down in Greek debt. But what is good enough for Greek citizens should be good enough for Irish citizens.

“Irish taxpayers are being forced by this government to endure extreme hardship while paying billions of private banking debt to unguaranteed bondholders.

“The only people arguing that this should happen is the Government and the Anglo bondholder.” ENDS

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