Seanad debates

Wednesday, 21 March 2012

Programme for Government: Motion

 

5:00 pm

Photo of Mary WhiteMary White (Fianna Fail)

We heard comments from the Central Bank and the Department of Finance made at the height of the Celtic tiger period saying, in very low voices, that we must be careful, blah-de-blah. They did not raise a red alert, however, nor did the then Opposition party, Fine Gael. The media did not raise a red alert about the dangers. However, Fianna Fáil was in charge and must take responsibility.

The Governor of the Central Bank knows the small and medium-sized companies which create employment are not getting cash. He must assert his authority within the institution of the Central Bank and order the banks to give money to these companies.

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