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Government takes a duvet day while millions handed over to senior bondholder – McDonald

1 November, 2011 - by Mary Lou McDonald TD


Sinn Féin spokesperson on public expenditure and reform Mary Lou McDonald has hit out at the government for not convening the Dáil the day before €700 million of taxpayers’ money is to be handed over to an unguaranteed bondholder in Anglo Irish Bank.

Deputy McDonald said:

“Tomorrow the government will hand over €700 million of taxpayers’ money to an unguaranteed, unsecure senior bondholder in Anglo Irish Bank.

“Last week my colleague and party leader Gerry Adams called on the government to convene the Dáil today in advance of this handover to allow all parties to debate this important issue. They refused.

“Tomorrow’s payout comes just one month before an austerity budget which will inflict hardship on children, on carers, on the disabled and on the working poor. In January a further €1.2 billion will be paid out – tomorrow is only the first payment of billions of taxpayers’ money.

“This is simply not acceptable and what is even more unacceptable is the fact that the government would rather take a duvet day today than allow TDs to debate this crucial issue that will affect so many.

“There is still time to stop this outrageous handover. The government should do the right thing by the people and use this money for the good of the people, not toxic banks.”

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