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Fine Gael’s AIB sell-off not in the best interests of ordinary people – Adams

31 May, 2017 - by Gerry Adams TD


Sinn Féin President Gerry Adams TD has strongly criticised the Government’s decision to sell-off 25% of Allied Irish Bank. He said that the move was part of Fine Gael’s privatisation agenda and not in the best interests of citizens.

Speaking to the Taoiseach at Leaders Questions, Teachta Adams said;

“Twenty billion euro of taxpayers’ money was invested into AIB. Now, Fine Gael is going to sell it as part of your privatisation agenda. It will not benefit the people of this State.

“Sinn Féin believes this is the wrong. It is based on your narrow ideological view. Under the Supply & Confidence Agreement, you have Fianna Fáil leader’s support for this sell-off.

“During the height of the Celtic Tiger, Sinn Féin argued for the surplus to be invested in essential public services, including a public health service and housing.

“That was dismissed by Fianna Fáil, Fine Gael, Labour and the Greens. You wouldn’t socialise the wealth.

“When the banks got into trouble, you had no problem socialising their debt and now you are back to where you started. The biggest bank under state control, saved by the people’s money, shows a profit and you want to give it back to your friends as quickly and as cheaply as possible.

“Will you explain to all those people out there who have borne the brunt of your austerity policies and who carry the full weight of private banking greed, why you have authorised this sale of their asset?

“Many people were angry at your mantra that we must 'Keep the Recovery Going. What recovery?', people asked. It is only now that I see what you meant and how you have kept to that commitment.

“The recovery you spoke about wasn’t for working people, the elderly, hospital patients, the homeless, those in mortgage arrears, or our emigrants. No, your recovery was for the bankers.”

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