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Seanad
‹ Order of Business

Promissory notes repayment

Summary

Senator Daly seeks a debate on repaying the promissory notes, criticising broken election promises and the Government’s handling of bank support; exchanges follow over whether the issue is settled.

I support Senator Norris's call for a debate on the issue of the promissory notes. We all recall the famous cry "It's Labour's way or it's Frankfurt's way" and we all know who won that battle.

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It is not over.

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We also recall the statement by the Minister for Transport, Tourism and Sport that not one red cent more would be put into our banks. He was correct. The Government did not put one more red cent into the banks but instead put in many billions of red cents. We know about broken promises and the posters erected prior to the election about protecting child benefit. Tomorrow we will see how many members of the Labour Party will be able to defend the proposals they put to the people during the election campaign.

The property tax will be the big issue. Even former US President, Bill Clinton, said we have to resolve our mortgage problem but the introduction of a property tax-----

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Is that the property tax agreed by Fianna Fáil?

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-----will make a bad situation worse.

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