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Kenny rejects Adams’s call for debt conference

20 January, 2015 - by Gerry Adams

Sinn Féin Leader Gerry Adams TD has expressed deep disappointment at Taoiseach Enda Kenny’s blunt rejection of calls for a European debt conference which could significantly reduce the State’s debt.

Gerry Adams said:

“The Taoiseach’s statement is a deep disappointment and further underlines this Government’s complete refusal to negotiate at European level in the best interests of the Irish people.

“Yesterday at the IMF conference, Government representatives lined up to be patted on the head for achieving austerity targets that have inflicted widespread damage to this society and our people.

“Minister Noonan is reported as saying that the Troika did not consider the effects its policies would have on the Irish people. Did the Government not tell the Troika this? Did the Government not care?
“The fact is that the IMF’s managing Director Christine Lagarde said, as we all know, that it is up to each individual Government to decide on its own mix of measures. This Government is responsible for its austerity agenda.

“It is also reported that he Governor of the Central Bank acknowledged that it was a mistake for the Government to recapitalise the banks. To avoid unsustainable pressure on the sovereign, he now says this should have come from an external source.

“The Government has surrendered on the issue of retrospective recapitalisation and have committed to repaying every cent of the Anglo debt.

“So, yesterday’s conference was a disturbing reminder of how the Government has failed to deal with these crucial issues in the past and how it continues to meekly serve the interests of the elites.

“Meanwhile support is growing rapidly - here and across Europe - for the Greek demand for a European Debt Conference. This would open up the real prospect of Irish debt being very significantly reduced which would free up money for economic stimulus and funding for vital public services including Health. The Taoiseach’s blunt rejection of this is another bad decision by this bad Government.”

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