Oireachtas Joint and Select Committees

Thursday, 8 November 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Forthcoming ECOFIN Council: Discussion with Minister for Finance

10:00 am

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party)
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The Minister is right. It was criminal lunacy but his Government continues the policy of bleeding the Irish people of their resources in order to honour that criminal arrangement. In light of how indefensible this is, that the Irish people are held to ransom to bail out the European financial system, how does he explain that his colleagues, particularly in German, have made such heavy weather of recognising and acting on an unjust and unsustainable proposal? Why is there talk of not having an arrangement for debt reduction until after elections take place in Germany near the end of next year?