Seanad debates

Thursday, 15 December 2011

Social Welfare Bill 2011: Committee Stage

 

12:00 pm

Photo of David CullinaneDavid Cullinane (Sinn Fein)

I am trying to speak to the section. The Minister was very good in opposition, as was her party leader, the Tánaiste, Deputy Eamon Gilmore, at pointing to the madness of paying back bondholders and speculators, yet in November the Government paid a bond of €750 million and it will pay another of €1.2 billion in January. A number of weeks ago it extended the bank guarantee in a measure taken in this House and the Dáil to include an additional €38 billion of unsecured senior debt. It is bizarre that a party and a Minister who made a name for themselves for being opposed to the bank guarantee and paying back bondholders are now paying them back——

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