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A clean break from business as usual

Posted on February 10, 2009 at 11:02 AM

A clean break from business as usual

As preparations are made by the Government to invest some €7billion into recapitalising the country's two largest banks, Labour believes it is vital that the proposed scheme marks a new departure for Irish banking; it is essential the Government gets this right.

Today we are setting out a series of proposals in our document, 'A Clean Break From Business As Usual', that would not only provide for recapitalisation of the banks but also deliver a programme of major reform of the banking system. The key proposals in the document include; get credit flowing to business, full investigation of Anglo Irish Bank, place a moratorium on family home repossessions and establish and Irish Banking Commission.

You can download the policy document from our policy section while Labour Finance Spokesperson Joan Burton's statement on the policy document is available in our media centre. You can also watch a video where Joan talks about the document on our You Tube channel.

We want to know what you think and you can let us know in the comments section below.

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