‘Our disgraced government once again proved to the Irish people, as if we didn’t need another example, that they are completely incompetent and have mortgaged us all and future generations to protect the EU and the German and French banks that have recklessly lent to our crooked banking system’ claims Cllr Thomas Pringle.
Cllr Pringle polled more votes in the Donegal south west by election on Thursday than Labour’s Cllr Frank McBrearty.
‘The agreement today (Sunday) with the EU and IMF will condemn the ordinary people of Ireland to decades of stagnation and debt’ said Pringle ‘ it will bring our total interest payments to over €13 billion per year by 2013’ continued Pringle.
‘The deal which will see €85 billion borrowed over three years at an interest rate of 5.8% will break the back of the economy and place a burden on society in Ireland that will see working families penalised again and again to pay back Fianna Fail’s IMF masters. It was sickening tonight to see our second in command at the switching on of Christmas lights in Donegal Town and then an hour later see the end of our independence at a press conference on the six o’clock news’ continued Pringle.
‘To make matters even worse they have raided the entire Pension Reserve Fund to bail out the banks again throwing in the remaining €17 billion from the fund. This means that there will be no way to support new business or develop new industries that could help our economy to grow out of this mess. This will surely go down as the blackest day in Ireland yet’ concluded Pringle.