Labour Blog

Labour Blog

Today is the day the Irish public gets the invoice for the banks bailout

Posted on March 30, 2010 at 09:59 PM

"The Irish economy and banking system is not only affected by an international crisis which has to be addressed but it also in a unique crisis because of the policies pursused by his Government working hand-in-glove with property developers and bankers which created the property bubble and over-priced houses," the Labour Leader Eamon Gilmore TD told the House today during Leaders' Questions today before the Government announced the details of the banks bailout plan.

Eamon went on to say how the result of the Government's plan is resulting in working families struggling with properties that are valued at less than their mortgages which in turn have increased significantly.

"The Taoiseach is now presenting them with a massive bill of 40billion euro which they will have to pay through their taxes. It is time that he acknowledged responsibility and said 'sorry' to the people of Ireland."

You can watch Eamon's full contribution on the accompanying video while the full transcript is available on the OIreachtas website. We will also be updating the blog shortly with Deputy Leader Joan Burton's contribution to the Dail debate on the banks bailout, in the meantime you can read the transcript of her speech in our media centre.

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