Donegal North East TD, Padraig Mac Lochlainn, described Taoiseach Enda Kenny’s weekend austerity broadcast as “nonsense.”
Mr Kenny was the first Taoiseach in a quarter of a century to address the country on television. However, speaking to the “Journal” from Leinster House, in advance of what is expected to be an extremely harsh Budget, the Sinn Fein representative dismissed Mr Kenny’s claims the Government had “secured a lower rate of interest on the country’s borrowings.”
Mr Mac Lochlainn said: “Enda Kenny’s speech was a damp squib. His claim that the Irish Government has renegotiated a lower rate of interest on the country’s borrowings is a lie and nonsense. He is insulting the intelligence of the Irish people.
“We are all aware that it was the Greek economic crisis, which forced the EU to reassess the interest on Ireland’s borrowings.
Deputy MacLochlainn, who sits on the Oireachtas EU Committee, called Mr Kenny’s acknowledgement the Irish people were not responsible for the current economic crisis as “galling.”
He said: “There was nothing new in Enda Kenny’s address. Between September 2011 and December 2012 Ireland will pay thousands of millions of Euro to Anglo bond holders. This is not the fault of the Irish people, yet it has led to the closure of public services and the severe squeezing of low and middle income families. Enda Kenny failed to mention this injustice or to outline a stategy for recovering Ireland’s sovereignty.
“This government is not defending the Irish people at EU level. The Anglo bond holders are not part of the EU / ECB / IMF troika. They are not covered by the bank guarantee scheme. It is absolute insanity that Ireland is paying them thousands of millions of Euro.”