Deputy Gerry Adams challenges Taoiseach on bank debt resolution

The deputy welcomed the Taoiseach’s acceptance that bank debt needs to be kept within banking sector

The deputy welcomed the Taoiseach’s acceptance that bank debt needs to be kept within banking sector

Speaking during European Council statements in the Dail Deputy Adams welcomed Enda Kenny’s delayed acceptance of the need for ‘banking debt to be kept within the banking sector and separate from the sovereign debt’.

Adams said it contrasted with his saying he had never sought a write down on Irish debt and that he would not have defaulter written on our foreheads.

“A write down for bad banking debt can only be secured if the government seeks a write-down and then follows this up with a serious political effort to secure such an outcome. If you don’t seek a debt write down one – you won’t get one.”