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03/07/2013
No Decision Reached On Banking Inquiry
A lengthy cabinet discussion was held on Wednesday night on a proposed inquiry on the bank guarantee.
No decision was reached during the meeting and it is unknown if a new referendum will be held on the powers of Oireachtas inquiries.
Signalling support for the proposed Bill, Sinn Féin Public Expenditure and Reform Spokesperson Mary Lou McDonald TD said:
"Sinn Féin supports this legislation and will support the establishment of any inquiry into banking and the bank guarantee of 2008.
"We are keenly aware that such an inquiry will be limited. An Oireachtas Inquiry cannot make adverse findings of fact and cannot interfere with criminal proceedings against any individual. The only forum in which wrongdoers can be held to account is in a court of law.
"Sinn Féin supported amending the Constitution to give the Oireachtas extended powers to inquire into matters of public interest but that said we believe the peoples’ rejection of this proposal must be respected. We would not support any effort by the government to re-run the Oireachtas Inquiries referendum.
"It is also worth noting that former Fianna Fáil Ministers could at any time answer the many questions that remain unanswered about the financial crash, the blanket bank guarantee and the relationship of the previous government with those banks that were recapitalised with public monies."
(MH/CD)
No decision was reached during the meeting and it is unknown if a new referendum will be held on the powers of Oireachtas inquiries.
Signalling support for the proposed Bill, Sinn Féin Public Expenditure and Reform Spokesperson Mary Lou McDonald TD said:
"Sinn Féin supports this legislation and will support the establishment of any inquiry into banking and the bank guarantee of 2008.
"We are keenly aware that such an inquiry will be limited. An Oireachtas Inquiry cannot make adverse findings of fact and cannot interfere with criminal proceedings against any individual. The only forum in which wrongdoers can be held to account is in a court of law.
"Sinn Féin supported amending the Constitution to give the Oireachtas extended powers to inquire into matters of public interest but that said we believe the peoples’ rejection of this proposal must be respected. We would not support any effort by the government to re-run the Oireachtas Inquiries referendum.
"It is also worth noting that former Fianna Fáil Ministers could at any time answer the many questions that remain unanswered about the financial crash, the blanket bank guarantee and the relationship of the previous government with those banks that were recapitalised with public monies."
(MH/CD)
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Ireland WeatherThis Evening and Tonight:New Year's eve will mark a change to colder conditions. Dry for many areas with some clear spells, but a few showers possible, most likely in western counties and around the north coast, more frequent after midnight. Breezy at times. Minimum temperature 4 °C.
