Gilmore hits out at 'unilateral' decision to delay bank cash injections
Eamon Gilmore has described as 'unilateral' the Minister for Finance’s decision to postpone the injection of €10bn into the banks until after the election.
Minister Brian Lenihan said he made the decision because the Government no longer had a mandate having lost its Dáil majority.
However, by not injecting the money, a key deadline under the bailout has been broken but Mr Lenihan said the move was taken with the approval with the EU, IMF and European Central Bank.
The Labour leader today said that the move by Mr Lenihan underlines Labour’s position that the EU/IMF bailout can be renegotiated.
"I think the fact that Fianna Fáil now, while they are on the one hand saying that it can’t be renegotiated and yet can unilaterally decide to take one action in relation to it, I think that that just proves the Labour Party view that it can and will be renegotiated is accurate," said Mr Gilmore.
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