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Cork South Central Constituency

Local News Stories

Strategic Banking Corporation falls well short of what is needed - McGrath

Fianna Fáil Finance spokesperson Michael McGrath has described the establishment of the Strategic Banking Corporation of Ireland (SBCI) as a half-hearted effort to tackle the problem of credit for the SME sector which falls well short of what is needed. Read More

AIB rate cut welcome but more needs to be done on rip–off variable rates – McGrath

Fianna Fáil Finance spokesperson on Finance Michael McGrath has welcomed today’s move by AIB to reduce standard variable mortgage rates by 0.25% but has said much more needs to be done to reduce the rip-off variable rates being charged by banks in Ireland. Read More

Details of ECB pressure not to burn bondholders also needs to be released – McGrath

Fianna Fáil Finance spokesperson on Finance Michael McGrath has welcomed indications that the ECB is about to release a letter issued to Brian Lenihan in November 2010 on the eve of Ireland signing up to a Programme of Assistance with the troika. Read More

Conclusion of bank stress tests should be catalyst for EU wide growth strategy - McGrath

Fianna Fáil Finance spokesperson Michael McGrath has said the conclusion of the bank stress tests, which AIB and Bank of Ireland passed, should herald a new era in the Irish banking sector in which it moves beyond retrenchment and begins to lend again to viable companies with solid business plans. Read More

FF Leader accuses Adams of continuing to dodge the truth

Fianna Fáil Leader Micheál Martin TD says Gerry Adams still has questions to answer as to how his party and the IRA dealt with allegations of sex abuse within their own ranks. Read More

Full potential of Permanent TSB must be realised post stress tests - FF

Fianna Fáil Finance spokesperson Michael McGrath has welcomed reports that Bank of Ireland and AIB are likely to pass the ECB bank stress tests. However he warned that while the Irish banking sector is no longer on the critical list action is needed on range issues, in particular ensuring that Permanent TSB is put on a sound footing for the future and creating a more competitive banking environment for personal and business customers. Read More

Finance Bill must scrap property tax increase – FF

Fianna Fáil Finance spokesperson Michael McGrath has said the Government must take the opportunity of the Finance Bill this week to scrap the planned increase in property tax bills in two years’ time. Read More

FF Leader Warns Government on Irish Water Scapegoating

Fianna Fáil Leader Micheál Martin has warned the government against seeking to scapegoat senior management in Irish Water instead of confronting their own policy and strategy failures in setting up the quango. Read More

Gerry Adams Statement falls short – FF Leader

Fianna Fáil Leader Micheál Martin has welcomed Gerry Adams’ belated acknowledgement that the IRA and Sinn Féin investigated sexual abuse cases internally, but has expressed concern at his continued failure to accept Mairia Cahill’s testimony and apologise to her on behalf of his organisation. The FF Leader also rejected what he described as a self serving attempt to use this issue to recast the IRA as protectors rather than perpetrators. Read More

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