Dáil debates
Tuesday, 17 July 2012
Economic Management Council
4:00 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
-----where the banks have a veto and the last say. Is this the meeting where the Taoiseach decided to give the banks the last say? They seem to have the last say on everything. Is this the meeting at which it was all agreed, whereby the bank said that any debt settlement arrangements and insolvency arrangements would be subject to the banks having the last say and the Taoiseach just accepted it? It is a pretty poor show given what the banks have done and are doing to this country. Once again, they come in and tell the Taoiseach what to do and he obeys.
Did the Taoiseach invite distressed mortgages holders to the meeting? Did he invite the credit unions, which are more in touch with ordinary people? There will be no debt write-downs for them and no bailout but the banks get the bailout and still do not engage in debt write-down.
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