Timmy Dooley (Clare, Fianna Fail) | Oireachtas source

The Tánaiste did such a fantastic job at the weekend, stating she would solve the problems and that there was no way on her watch would any of these junior bondholders be paid back. The facts belie what she said. Some of the more honourable Government spokespeople have said the junior bondholders will be paid back if the resources are there. If the one billion of euro that can only be attributed to the taxpayer in that particular formation is paid back, then the bondholders get paid back. The Tánaiste has indicated that this will not happen. That will be an interesting discussion at the EMC, Economic Management Council, which she fought hard to be on. We will see how she will bring forward special legislation to give effect to what she desires. I presume she hopes the returns from the liquidation of IBRC will not be as beneficial as might be. If it overachieves, however, she will have one hell of a problem resolving what she said at the weekend.

Rural Ireland feels abandoned too by the Government as Garda stations are closed, schools are threatened and post offices face an uncertain future.

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