Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)

If the catastrophes that have been inflicted on this country and on the Greek people as a result of austerity have not woken the Government up to the fact that austerity is not working and that this approach to the crisis is not working, perhaps the Spanish crisis will now wake the Government up to that fact. The hole in the Spanish banks is likely to be anywhere between €100 billion and €250 billion, probably closer to the latter figure. We will have to contribute to that fund, after contributing billions to bail out our own insolvent banks whose reckless gambling and speculation caused the crisis in the first place. We will now have to bail out the Spanish banks, the French banks and German banks.

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