Seanad debates
Thursday, 7 February 2013
Order of Business
12:00 pm
Mary White (Fianna Fail) | Oireachtas source
The former IBRC employees will add to these sad statistics. The European Central Bank is no better than many Departments. It has caused mayhem with its restrictive policies across Spain, Greece, Portugal and Cyprus, adding to the alarming unemployment rate.
After a year of discussions with the ECB in Frankfurt, it appears they have fallen through as we scramble to make a deal. Last night Fianna Fáil accepted the Irish Bank Resolution Corporation Bill 2013 after placing good faith and trust in the Government. However, personally, I do not like the abrupt manner in which the legislation was introduced. It is a reminder of that horrific night, 30 September 2008, when the bank guarantee was introduced.
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