Tuesday 21 November 2017

Bailout Exit: What the politicians said...

Stephen Donnelly
Stephen Donnelly
Tanaiste and Minister for Foreign Affairs and Trade Eamon Gilmore
European Union Economic and Monetary Affairs Commissioner Olli Rehn
Ceann Comhairle Sean Barrett, TD

Political reaction to the bailout exit.

{ The Government has decided that Ireland will exit the EU-IMF assistance programme on December 15, without the need to pre-arrange a new precautionary credit line from our EU and IMF partners."

- Taoiseach Enda Kenny

{ Today's decision is historic, it is important and it is welcome, but there will be no celebration until our economic fortunes are fully recovered and until economic recovery is experienced in the daily lives of the people. And this Government will continue its determined and consistent work to that end."

- Tanaiste Eamon Gilmore

{ Germany is confident that the Irish Government is acting in the best interests of the Irish people and the Irish economy. Ireland is ready for this step."

- German Chancellor Angela Merkel

{ The biggest risk to Ireland at the moment is that European growth stalls and that kicks back into the Irish economy. A precautionary credit line will not address that."

- Finance Minister Michael Noonan

{ I know the Irish Government has reflected very carefully on this matter. Graduation from the programme will send a very clear signal to markets and international lenders that the adjustment effort undertaken in Ireland, with the support of its partners, has paid off."

- European Commissioner for Economic and Budgetary Affairs Olli Rehn

{ Not a single piece of paper has been presented to anybody as to the merits or demerits of the decision not to seek a backstop arrangement, not from the Minister for Finance, the Taoiseach or the Tanaiste. No figures have been produced about how much we would save in interest payments if this conditional funding were available."

- Fianna Fail leader Micheal Martin

{ Sinn Fein has consistently called on the Government not to take the conditional precautionary credit line because we believe that would be akin to a second bailout so it is a good thing that it appears to be taking the Sinn Fein position."

- Sinn Fein president Gerry Adams

{ Today is a bittersweet moment. I am glad the troika is gone. I think we are all glad the troika is gone, particularly the ECB and the European Commission because it is those two institutions that led the charge on the Irish people picking up the tab for international financial losses. It turns out that the IMF actually spoke in our favour over time."

- Independent TD Stephen Donnelly

{ It is not a historic day in terms of any great changes which are to happen in government policy because a movement from the hands of the troika straight into the hands of the bond markets will mean that we are subject to exactly the same, if not greater, discipline than we were subject to before."

- Independent TD Shane Ross

{ We welcome the announcement of our planned exit from the bailout programme. While we continue to be in very difficult and precarious economic times, the exit from the programme is an important step in the right direction."

- Green Party finance spokesperson Mark Deary

{ We may have lost our sovereignty for a while but we have not lost democracy and that means we are in a parliament where people are entitled to express all views. Even though deputies may not like the content, they should please keep their mouths shut."

- Ceann Comhairle Sean Barrett

{ Ireland will exit the bailout with strong momentum. The resolute efforts of citizens and businesses over recent years is paying off."

- IBEC CEO Danny McCoy

Irish Independent

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