Seanad debates

Wednesday, 1 April 2009

3:00 pm

Photo of Mark DalyMark Daly (Fianna Fail)

I agree with Senator Norris's comments on Standard & Poor's. It appears we are in a new economic war. On this occasion, the war is not with the English Government but with the English media and financial institutions. On 26 February last, I mentioned in this House that Sky News had reported that mismanagement in Allied Irish Bank, rather than Anglo Irish Bank, had caused frustration and brought about that day's one-day stoppage and strike. When I contacted Sky News to inform it of its error, the report was corrected in the next news bulletin. In that instance, Sky News was following up on a report in the previous day's Financial Times, which had said the exact same thing. I suggest that when a director of the European sovereign rating division of Standard & Poor's, Mr. Gill, said there should be new faces in the Irish Government, he was calling for regime change in this country, in effect.

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