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Dublin: 6 °C Sunday 8 December, 2019

Poll: Should Ireland extend the Bank Guarantee Scheme?

TDs and Senators will today vote on extending the guarantee by 12 months. Today we’re asking you: how would you vote?

Image: Leon Farrell/Photocall Ireland

THE TWO GOVERNMENT parties will today come under pressure from the opposition benches when their TDs and Senators are asked to vote on extending the country’s bank guarantee.

Both Fine Gael and Labour voted against extending the guarantee last year – while the parties were divided in 2008, when Fine Gael supported its introduction but Labour opposed it.

Most are in agreement that the guarantee has been fatal for Ireland – tying the debts of banks to the debts of the public, and forcing Ireland into needing an EU-IMF bailout in order to remain afloat.

But while the banks remain so weak – and with money continuing to flow out of them – the government believes cutting off state support now would put the whole Irish banking system at risk of total collapse.

So, put simply, should Ireland continue the guarantee that has brought it to its knees – or stand behind its banks, for fear of the consequences?

Should Ireland extend the Bank Guarantee Scheme?

Poll Results:

No (1336)
Yes (564)
I don't know (258)

TDs to vote on extending bank guarantee for another year >

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About the author:

Gavan Reilly

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