Dáil debates

Wednesday, 8 June 2011

12:00 pm

Photo of Micheál MartinMicheál Martin (Cork South Central, Fianna Fail)

We can take some solace that this was really what the Taoiseach means, now that subordinated bondholders are being burned and Deputy Brian Lenihan's policy is being acted upon. However, the real issue, the core of my question, concerns a serious allegation. The Taoiseach's speech did not mention this - it was clearly decided not to mention it - namely, that the United States Administration intervened to stop Ireland moving against certain senior bank bondholders last year. Given that this was not mentioned in the Taoiseach's speech, in his discussion with the President about the speech, or elsewhere, is it the Taoiseach's official position that he has no intention of asking President Obama about this allegation which has been in circulation for some weeks? Did the Taoiseach ask President Obama about the assertion concerning Mr. Timothy Geithner's intervention to stop Ireland from burning bank bondholders? What happened at the meeting in that regard?

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