Colreavy slams Government for rushing banking legislation

Sinn Féin TD for North Leitrim Deputy Michael Colreavy has said that the government is repeating the mistakes made in the past by rushing through the unclear, far-reaching banking legislation.

Sinn Féin TD for North Leitrim Deputy Michael Colreavy has said that the government is repeating the mistakes made in the past by rushing through the unclear, far-reaching banking legislation.

“After nearly two years of negotiations the government has succeeded only in achieving a farcical situation. Every last cent of the Anglo-Irish debt is to be repaid. That much is clear,” he told the Leitrim Observer.

Deputy Colreavy said this was a humiliating failure for the government after having promised change but now are just repeating the exact same mistakes as Fianna Fáil.

He pointed out that we need a write-down of this debt so that the billions tied up can be used to create jobs and protect the vulnerable in the future.

“There is no clarity tonight that the agreement that might be struck will actually improve the debt situation for the state or reduce the crippling austerity working people are labouring under,” stressed the Sinn Féin Deputy.