Monday 22 October 2018

State's priority is helping economy, not the developers

Minister for Finance Brian Lenihan

I reject the accusation in David McWilliams' article yesterday that the Government is placing the interests of the citizens of this country second to the interests of developers and bankers. It is a casual and loaded insult that has no place in serious discourse.

There is now a broad consensus among informed economic commentators that our economy will not recover until we fix our damaged banking system and restore the flow of credit to businesses and consumers. That is why the Government is taking radical and bold action to resolve the crisis in our financial system.

Informed and reasoned contributions to the debate about all the options available to Government are very welcome. Unfortunately, yesterday's contribution from Mr McWilliams fails on both scores.

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