Seanad debates

Thursday, 7 July 2011

11:00 am

Photo of David NorrisDavid Norris (Independent)

I second Senator Ó Domhnaill's amendment to the Order of Business. I do so because it is perfectly clear that the interest rate is dictated by the interests of Germany. It is about time the German people were made aware of the fact that the impression under which they appear to labour, which is that their banks are rescuing our people, is the inverse of the truth.

Our unfortunate people are being squeezed to death to rescue the German banks that imprudently invested in our property bubble.

On the guillotine that was regrettably imposed in this House, I have discovered through contacts with the Government that it was necessitated by the timelines of the IMF-ECB agreement. This suggests that we are being run by an unelected, undemocratic series of financial institutions in Europe, which is wrong.

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