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Adams leads Dáil walk-out over government failure to stop €700 million bond handover

2 November, 2011 - by Gerry Adams TD


The Sinn Féin leader Gerry Adams has led a walk-out in the Dáil today in protest over the Fine Gael/Labour government’s failure to stop the handover of €700 million of taxpayers’ money to an unguaranteed bondholder in Anglo Irish Bank.

Speaking after the Order of Business Deputy Adams criticised the government for silencing opposition TDs on this issue and for deliberately misleading the electorate during the general election.

Deputy Adams said:

“At 12 noon today the government facilitated the handover of €700 million of taxpayers’ money to an unguaranteed, unsecured senior bondholder in Anglo Irish Bank.

“The government refused to convene the Dáil yesterday to allow the opposition to have their say on this issue and today they wilfully frustrated a debate.

“It is nothing short of a scandal that the government is allowing this handover to happen. Particularly at a time when they are planning to implement yet another austerity budget that will affect thousands of hard-pressed people.

“Clearly the government deliberately misled the electorate when they promised that ‘not another red cent’ would go into the banks.

“Sinn Féin simply could not stay in the Dáil during this charade, when the Taoiseach wilfully prevented a debate on this issue and was supported by Labour and Fine Gael deputies in doing so.”

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