Pearse Doherty (Donegal South West, Sinn Fein)

We cannot afford this banking policy or the loan from the IMF and the EU. Most importantly, we cannot afford the Government. We need real negotiators to deal with the banks and not a red cent should go into the banks until their debts are restructured either through burning the bondholders or having a debt for equity swap.

The addition of €67.5 billion towards sovereign debt will incur debt servicing of huge proportions over the coming years, and we simply cannot afford it. It is important to emphasise that €17.5 billion of the €67.5 billion will come from the pockets of the Irish people. Who decided this figure could be lumped into the bailout from the IMF and EU? It is being presented to the Irish people as them coming in to rescue us. Again, we see a Fianna Fáil spin in action, trying to tell us that they are coming in with a package but in reality much of this is our own money that is bailing out-----

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