Dáil debates

Wednesday, 6 February 2013

Irish Bank Resolution Corporation Bill 2013: Committee and Remaining Stages

 

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

I wish to get to the heart of the Bill so I will put my question in its simplest terms. The promissory note was about us promising to repay €30 billion of debts to Anglo Irish Bank. Is it true that this Bill means we will promise to repay the European Central Bank? That is what is happening with the Bill. The substantial deal is being done now in order to promise the European Central Bank that we will repay every cent. Its officials told the Irish Government that this must be done before they would even entertain any discussion on the rescheduling of the debt. This is being permanently pinned on our backs.

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