Following today’s meeting between Fianna Fáil and representatives from the EU, ECB and IMF, it was confirmed to the party that the Troika are not micromanaging Government decisions.
Fianna Fáil has outlined its continued support for Ireland’s adjustment programme but highlighted the need to bring down the deficit in a structured manner.
Party Public Expenditure Spokesperson, Seán Fleming said: “In order to maintain public support, proper attention needs to be given to frontline services. Fianna Fáil highlighted this issue in relation to policing and healthcare and the need to protect these vital services.
“The Troika has told the Government to protect these services in what are hugely sensitive areas for the public. The Troika also dismissed any suggestion that they had a role in the closing of almost 100 Garda stations this week, saying it was strictly a Government decision.
“I also requested information from the European Central Bank (ECB) on profits been made regarding the purchase and sale of Irish Government bonds by them. The ECB said they would not provide this information. However, I outlined that consideration needs to be given to a sharing mechanism, such as profits made on purchases to be used for the benefit of the Irish public.”
Senator Thomas Byrne indicated his deep concern at the pace in which banks are dealing with the mortgage arrears crisis.
Senator Byrne commented: “I noted that the case by case approach being taken by banks in relation to mortgages in arrears is a slow and cumbersome process. I also highlighted the problems that exist in relation to banks not adequately resolving the massive backlog of mortgage arrears cases. Failure to deal with this is causing families severe financial and mental stress.
“I urged the Troika to put pressure on the Government to require banks to address this in a speedy manner.”