THE Government should build on the comments by the Governor of the Central Bank Patrick Honohan last evening and seek a more equitable distribution of the Irish banking debt, according to Fianna Fáil Finance Spokesperson Michael McGrath. [Read more...]
Government must insist upon more equitable distribution of Irish banking debts in line with Honohan’s comments says TD
FIANNA Fáil TD for Cork North Central Billy Kelleher has called on Finance Minister Michael Noonan to clarify his support for the Governor of the Central Bank following his comments on the bank guarantee last week.
Speaking in the Dáil Deputy Kelleher said, “Last week Minister Noonan announced the Government was providing a further €24 billion to recapitalise the Irish banks. In very emotive language he compared the decision of Fianna Fáil to protect people’s deposits and shore up the domestic banking system to one of the bloodiest and most tragic periods in Irish history (Dáil Eireann, 31 March 2011).