Dáil debates

Wednesday, 6 April 2011

Bank Reorganisation: Statements (Resumed)

 

5:00 pm

Photo of Séamus HealySéamus Healy (Tipperary South, Workers and Unemployed Action Group)

I am appalled by the fact that the Irish people have been led into subordination to Britain, Germany and France, as well as the bankers and speculators of these countries, through the EU-IMF deal. I am appalled by the loss, through this deal, of sovereignty and independence. This is a real national, economic and social emergency and I believe the guarantee should be revoked and that small investors, including credit unions, should be compensated. To those who argue this is a risky strategy, my response is that no strategy is without risk as a result of the activities of the previous Government. Moreover, the most risky strategy of all would be to continue on the path followed first by the Fianna Fáil-Green Party Government and now by the Fine Gael-Labour Party Government. This path comprises robbing the people to pay off the debts of private banks and developers. This will end in a catastrophic default and a devastated country, as many commentators now admit.

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