Ireland 'Full Of Blarney' Over Debt Crisis

A former president of the European Parliament has accused the Irish Government of not being fully forthcoming with its citizens and of engaging in "too much spin, delusion and wishful thinking".

In effect former European Parliamentarian Pat Cox was saying that the Dáil is full of 'Blarney' over a growing crisis that now threatens the whole Euro zone.

His comments have since been slammed by the Finance Minister, Brian Lenihan. He rejected the accusation that the Government has not given the public a clear message on talks in relation to a possible bail-out for Ireland and his calls for events to be "spelt out in plain language".

Minister Lenihan said he had made every effort to explain what was happening and insisted Europe was behind the Government's strategy to date.

The Minister also confirmed this morning that talks on the stability of the Irish banking sector, involving the European Commission, the European Central Bank, the International Monetary Fund and the Irish Government will start tomorrow in Dublin.

The decision to hold the talks was made last night in Brussels at a meeting of the Eurogroup, after which Mr Lenihan said that while there is no deadline for completion of the talks are "urgent".

In what is understood to be the most explicit admission that the Government would be seeking EU assistance, the Minister said that the purpose of the meetings will be to decide "whatever action is needed to safeguard financial stability throughout the Euro area".

The statement is also considered to be an indication of the amount of pressure the Government is facing from the European Union to accept financial help.

However, Mr Lenihan said that what may be required may not in fact entail an actual transfer of money now, but just a demonstration of how much money can be made available if "further difficulties materialise". A move that would hopefully placate international traders, whose uncertainty has been aggravating Ireland's heavy borrowing costs.

Minister Lenihan stressed the European Central Bank "fully supports" the Irish banking sector and reassured depositors they need have no fears in relation to their money.


Related Irish News Stories
Click here for the latest headlines.

13 October 2022
Education Minister Opens New Irish Medium Primary School
Education Minister Michelle McIlveen has welcomed pupils and staff at the official opening of the Gaelscoil na gCrann, Irish Medium Primary School in Omagh. The new £3.85million school includes a seven class primary school and single nursery unit.
05 June 2014
Govt Urged To Reopen 'Hooded Men' Case
The government has been urged to reverse the decision of its Attorney General and appeal to the European Court of Human Rights for the reopening of the 1970s 'Hooded Men' case, which alleges torture by the British government.
04 July 2014
National Oversight And Audit Commission Established
The Minister for the Environment, Community and Local Government, Mr Phil Hogan has announced the establishment of the National oversight and Audit Commission, (NoAC), for the local government sector.
24 February 2020
Minister For Justice Urged To Intervene To Halt Deportation
The Minister for Justice, Charlie Flanagan, has been urged to intervene to halt the deportation of an Athenry family. Making the call, Fianna Fáil TD for Galway East Anne Rabbitte, met with Lucivaldo Araujo Silva and his family during the recent election.
11 December 2008
Pork Was Safe Despite Recall
Following the €1 billion recall operation and the loss of almost 1,000 jobs, the European Food Safety Authority has claimed that the amount of risk to consumers was of little concern.