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Adams challenges Taoiseach on bank debt resolution

6 June, 2012 - by Gerry Adams TD


Speaking during leaders questions in the Dáil this morning the Sinn Féin President Gerry Adams TD challenged the Taoiseach, following his conversation with the German Chancellor, to state whether Angela Merkel accepts the need to remove the burden of banking debt from Irish citizens.

The Sinn Féin leader also made clear his party’s determination to hold the government to account for the commitments it made during the referendum campaign to remove the burden of the banking debt from Irish citizens and to initiate genuine job stimulus projects.

Later during European Council statements in the Dáil the Sinn Féin leader welcomed the Taoiseach’s belated acceptance of the need for ‘banking debt to be kept within the banking sector and separate from the sovereign debt.’

Teachta Adams pointed out that the Taoiseach’s position now is in stark contrast to his remarks in January when he told the Dáil that he had never sought a write down on Irish debt and that he would not have the word defaulter written on our foreheads.

The Sinn Féin leader said:

“A write down for bad banking debt can only be secured if the government seeks a write-down and then follows this up with a serious political effort to secure such an outcome. If you don’t seek a debt write down one – you won’t get one.”

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