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Doherty calls on Noonan to come clean on Promissory Note discussions before Committee

28 January, 2013 - by Pearse Doherty TD

Sinn Féin finance spokesperson, Pearse Doherty TD has called on Minister of Finance Michael Noonan to appear before the Dáil’s Finance Committee as soon as possible to discuss this week’s decision on the Anglo-Irish Promissory Note and its implications for Ireland.
“I have written today to the Chair and Clerk of the committee requesting that Minister Noonan be called to the committee as soon as possible. This week saw reports that the ECB had rejected preferred Ireland’s proposal on the promissory note issue.
Earlier this month we had the government spin the potential extension of the EFSF and EFSM loans as a very positive step when the reality is still unclear. Likewise last year’s slight-of-hand on the Promissory Note was nothing more than political spin.
I am now calling on Minister Noonan to appear before the Finance Committee so we can have a frank and open debate about the status of negotiations and to explain what exactly the government has achieved.
Ireland needs a write-down on its banking debt. Sinn Féin has consistently said that not a cent of the Anglo-Irish debt should be paid by the taxpayer. We want to see a sustainable deal hammered out.
The recent stories suggest that this is as far as way as ever. The public cannot be kept in the dark anymore. The Minister needs to come before the Committee and lay out the current situation and his plans to progress the issue.”

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