Seanad debates

Thursday, 11 June 2009

Elections of June 2009: Statements

 

12:00 pm

Photo of Liam TwomeyLiam Twomey (Fine Gael)

What did the Governor of the Central Bank say about the alleged green shoots on the day of the election? We have not heard a word from him since. He was playing politics. That is why people want rid of this Government. It is too embedded with all these interests. We cannot get accurate information on these matters. That is why this Government will be kicked out.

The Government claims the establishment of NAMA is necessary. It is necessary because the Government has brought us to the current financial and banking crisis. How many billions of euro will it take to get credit flowing in the Irish credit market? We have already paid billions of euro to Allied Irish Banks, Bank of Ireland and Anglo Irish Bank but credit is still not flowing within the market. Anglo Irish Bank is a junk bank - complete rubbish. The Taoiseach has claimed it would cost €65 billion to let it fail at this stage. Does he know how much it will cost to keep it going? I predict the figure will run to €40 billion or €50 billion over time.

Comments

No comments

Log in or join to post a public comment.