Home News Speeches Speech by Senator Mark Daly on the Order of Business 1st April 2009
Speech by Senator Mark Daly on the Order of Business 1st April 2009 Print E-mail

 

I agree with Senator Norris's comments on Standard & Poor's.  It appears we are in a new economic war.  On this occasion, the war is not with the English Government but with the English media and financial institutions.  On 26 February last, I mentioned in this House that Sky News had reported that mismanagement in Allied Irish Bank, rather than Anglo Irish Bank, had caused frustration and brought about that day's one-day stoppage and strike.  When I contacted Sky News to inform it of its error, the report was corrected in the next news bulletin.  In that instance, Sky News was following up on a report in the previous day's Financial Times, which had said the exact same thing.  I suggest that when a director of the European sovereign rating division of Standard & Poor's, Mr. Gill, said there should be new faces in the Irish Government, he was calling for regime change in this country, in effect.

 

On 19 January last, when Standard & Poor's downgraded Spain's credit rating from AAA to AA+ on 19 January last, it made no such call. On 14 January, when they did the same to Greece, they made no such call or interference in the political process or in the sovereign government.  I call on the Leader to ensure every time a foreign media or financial institution attacks Ireland's reputation, the Government press office would stand up and fight back for Ireland's international reputation.

 

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