Gerald Nash to have major role in Dáil investigation into banking collapse

Louth and East Meath TD Gerald Nash has this week been promoted to the Dáil Committee Public Accounts Committee (PAC)

Louth and East Meath TD Gerald Nash has this week been promoted to the Dáil Committee Public Accounts Committee (PAC)

The Vice-Chair of the Parliamentary Labour Party said, “I am very happy to be given this opportunity and that the government has given me this vote of confidence.

The PAC is responsible for overseeing government expenditures to ensure they are effective and law-abiding.

“The work of the PAC is now entering a critical phase. I will now be one of only a handful of TDs who will be playing a central role in a forthcoming inquiry into the circumstances surrounding the signing by the previous government of the bank guarantee and the banking collapse.

“The process of holding major players in Irish government and banking to account has been unacceptably slow and there is an obligation on government to expedite this crucially important issue.

“It is critical that this is a no-holds-barred inquiry that gets to the root of the collapse and that those who played a role in this process are finally held to public account.

“Given our current circumstances, the work of the Public Accounts Committee is more crucial than ever. We have to examine every cent that we spend and ensure that we get maximum return on any investment as we go about the difficult task of rebuilding our economy.”

“One of my aims in politics has always been to increase the level of transparency in government and in public administration. Taxpayers are entitled to know what their money is spent on and to know if any of it has been wasted. I’m looking forward to being able to deliver on that openness through my work on this committee.”