Dáil debates

Thursday, 15 December 2011

Bretton Woods Agreements (Amendment) (No. 2) Bill 2011: Second Stage

 

2:00 pm

Photo of Mattie McGrathMattie McGrath (Tipperary South, Independent)

Yes, but this is all part of the Bill. There are many Bills we do not like but we must pay the charges. Where are we going to stop? If we do not stop, there will be anarchy in this country. The laws are in existence to protect the vultures. Those who borrowed recklessly and owe millions to the banks cannot be touched. Seánie got a telephone call from the gardaí asking him to come down to see them, whereas if one of us were involved, they would send out a paddy-wagon and bring us in. What is wrong? Why the silk gloves? There is a cartel that extends right to the top.

The Government sent its man to Europe and has got him over the ditch now. He was on the ditch for a while but the Government pushed him over; he has gone in. I refer to Mr. Cardiff. Will we call that the Cardiff agreement? Irrespective of what we call it, it is despicable. If the Minister, Taoiseach and Tánaiste had spent more time in recent weeks visiting other European countries to achieve some kind of half-decent deal last weekend, with a view to not falling out with our nearest neighbour, Britain, it would have been beneficial. While I appreciate that they were on the telephone talking to the relevant UK authorities, I contend that we need our nearest neighbour as our trading partner. Trade with the United Kingdom is considerable and must be maintained.

If there had been more readiness, research and side meetings with a view to achieving a proper agreement last week, and if the Taoiseach and the Minister of State, Deputy Creighton, had worn the green jersey rather than lobbying European colleagues to ensure Mr. Cardiff would get over the line, it would have been better. I accept that the Government wanted to get rid of him because he knew too much about what went on. He was at the very heart of proceedings on the night of the bank guarantee and now the Government has got rid of him. What credibility have we in Europe, in the name of God? What credibility do we have, having done so much canvassing and lobbying to get Mr. Cardiff into his new job? Will the IMF ever leave us if it sees the kind of reckless behaviour that resulted in the incorrect invoicing or the failure to account for €3.6 billion?

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