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Business of Dáil: Motion (6 Feb 2013)

Gerry Adams: No, we need more time.

Business of Dáil: Motion (6 Feb 2013)

Gerry Adams: Why is this being forced into a two hour slot? A Cheann Comhairle, could I honourably suggest that if you want some order from Government Deputies, perhaps you should close the Dáil bar? That might be a useful way to get some order here.

Business of Dáil: Motion (6 Feb 2013)

Gerry Adams: Two hours is too short a time.

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Gerry Adams: I hope I will be shown the same latitude as has been shown to the leader of the Fianna Fáil Party.

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Gerry Adams: The Leas-Cheann Comhairle is a super-sub. Deputies and the citizens we represent have been listening to media speculation since late afternoon that a deal on the promissory note was imminent. Here we are at 1.30 a.m. and we have not been told anything by the Government about this issue. The most revealing part of the Minister's contribution was the following statement:I would have...

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Gerry Adams: I am sorry. I do not want to interrupt the Minister.

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Gerry Adams: This is not the way in which the Dáil should be doing business. It smacks of the type of stroke politics that Fianna Fáil pulled in its time and that Fine Gael and Labour rightly condemned.

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Gerry Adams: The actual liquidation of Anglo Irish Bank, as opposed to the nonsense we are discussing tonight, should have been done when the bank first collapsed. That is what Sinn Féin argued for.

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Gerry Adams: This toxic bank and its connections with speculators-----

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Gerry Adams: -----developers and corrupt politicians-----

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Gerry Adams: -----the "golden circle", brought this State to its knees. Instead of closing the bank down, Fianna Fáil bailed it out and poured billions of euro in taxpayers' money into it. Labour came along with Fine Gael and did exactly the same. Instead of liquidating the Irish Bank Resolution Corporation the Government wants to compound this mistake by turning bad banking debt into sovereign...

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Gerry Adams: This comes after nearly two years of negotiations that the Taoiseach continuously claimed were too intense, detailed and technical for ordinary mortals and decent Deputies to understand. Suddenly, the Bill now has to be rushed through. This is a mark of the Government. The Dáil has never seen the fabled technical paper on the promissory note that, according to the Taoiseach, the...

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Gerry Adams: This is no way to deal with any kind of legislation, certainly not legislation as important as the Bill before us. To our cost, the State's citizens have learned that rushed legislation is bad legislation. The test of the Government's machinations and their outcomes will be whether our citizens benefit, whether communities and low and middle-income families struggling under the burden of...

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Gerry Adams: -----whether we will see investment in growth. Let us remind ourselves that the Government's proposal is a U-turn on the claims following the European Council meeting in June that there would be a deal on legacy debt by October. That month has come and gone, as has 2012, yet there is still no deal on legacy debt. Neither is there a separation, an idea to which the Government was converted...

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Gerry Adams: It is not our debt. The Government’s approach will tie this bad debt to citizens for decades to come – our children and grandchildren will have to pay billions. We are handing a legacy debt to them and we have no idea what the economic and political circumstances will be when the bonds mature. That is wrong. We should not place on the shoulders of children not yet born a...

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Gerry Adams: There will be no relief in what the Government is doing because it is tied to austerity. There will be no relief from the relentless austerity citizens have endured to bail out bankers. Every billion of the bad debt that is paid is a cut to the health budget, an increase in PRSI, a new property tax, more over-crowded classrooms, more workers out of jobs, more families struggling to make...

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Gerry Adams: A credible deal is one that will bring relief to citizens. There have been six austerity budgets, which have taken €28 billion out of the economy. Sinn Féin has long argued for the end of the IBRC. What we simply cannot support is turning the bad debts of this bankrupt bank into sovereign debt. It is not our debt. It does not belong to the people of this State and it never...

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Gerry Adams: Gabh mo leithscéal, the ECB.

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Gerry Adams: The Minister should not miss the point I make. We can all be smart alecs but Members should listen to what I say. The Minister should introduce the entire package and deal with people as mature citizens who should be empowered by Government, not denied their rights.

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Gerry Adams: We call on citizens to protest their opposition to what Labour and Fine Gael are doing, because they are not doing it in the name of the people who elected them to office.

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