Gerry Adams (Louth, Sinn Fein)

As they used to say to me in Castlerea, there is a hard way and an easy way, and the Taoiseach keeps picking the hard way. This is not Ireland's debt, and we should be clear about that. This is not in the memorandum of understanding or the agreement. We raised the issue with representatives from the troika last week and the IMF representative stated publicly that it is not opposed to imposing losses on bondholders. This is the rub; the Taoiseach is bringing savage austerity policies on the backs of already suffering citizens, and at the same time he is giving away tomorrow. That will not be the action of Fianna Fáil, the last Government, Bertie or Brian. It will be the action of this Taoiseach, who will sign over €1.25 billion of the people's money to these unguaranteed and unsecured bondholders. Who are they? Tell us who they are. He should stand up and tell us to whom he is giving the people's money. Who are the unguaranteed gamblers? Give us their names.

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