Dáil debates

Wednesday, 6 February 2013

Promissory Notes: Motion (Resumed) [Private Members]

 

7:15 pm

Photo of Catherine MurphyCatherine Murphy (Kildare North, Independent) | Oireachtas source

I strongly believe in democracy, and we all agree that what happened in the small hours of the morning that the banks were bailed out and secured was fundamentally undemocratic. The Irish people decided to make a major change in who was returned to this Chamber in an action described as a democratic revolution. As an elected representative, I am tonight relying on Twitter rather than anybody from the Government side to tell me what is going on.

A tweet from Mr. Alan Dukes has indicated that the IBRC board has been stood down and KPMG, which I believe are the former auditors of Anglo Irish Bank, are now the liquidators. I have seen from a tweet from Bloomberg that the final European Central Bank decision on the Irish plan may not come in the next 24 hours, as ECB officials are said to want more time to weigh the decision. We seem to have already put a liquidator in place and Bloomberg has told us the ECB is considering the plan but I cannot reconcile that paradox. As a public representative, I am offended that we have not been trusted with some measure of information on the issue when it is being widely reported on social networks that changes are being made. That is an absolute disgrace.

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