Dáil debates

Tuesday, 11 May 2010

Requests to move Adjournment of Dáil under Standing Order 32.

 

4:00 am

Photo of Caoimhghín Ó CaoláinCaoimhghín Ó Caoláin (Cavan-Monaghan, Sinn Fein)

I seek the adjournment of the Dáil under Standing Order 32 to discuss the following matter of national importance, requiring urgent consideration, namely, the now signalled loss of 900 jobs at Quinn Insurance, which has come as a severe blow to the threatened workers, their families, communities and the wider inter-dependent community in each affected area in Counties Cavan, Dublin, Fermanagh, Meath and further afield, and the need for the full truth to be laid out in public as to why the Financial Regulator decided to ban the company trading in the Six Counties and in Britain hours before he sought the appointment of provisional administrators. Why has it taken so many weeks to restore even partial access to these markets and what efforts has the Government employed to ensure that all decisions of the Financial Regulator have been justified, given the serious consequences for this company's reputation and viability in all markets, and the serious loss of jobs now consequential on his actions?

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