SF calls for Nama referendum

Sinn Féin today urged all TDs and Senators to back its plan for a referendum on bad bank Nama if the controversial scheme is passed by the Oireachtas.

The party called for politicians to sign a petition for President Mary McAleese demanding a popular vote.

Arthur Morgan, finance spokesman, said the proposed toxic assets agency was too important not to be put to the people.

“The consequences of Nama are so serious for the Irish people today and for future generations that the legislation should be referred to the vote of the people,” he said.

Mr Morgan said Article 27 of the Constitution provides that the President may refuse to sign a Bill if it contains a proposal of such national importance that the public should be consulted.

“This has never been done before but if ever there was a Bill that contains proposals of such national importance that the will of the people should be sought, then Nama is it.”

The Nama legislation is to be debated in the Dáil on Wednesday, with Finance Minister Brian Lenihan due to outline more details about the controversial plan.

“As we state in our draft of the petition, Nama would place an intolerable burden on state finances for the benefit of private property speculators, developers and corrupt bankers,” Mr Morgan said.

“It would penalise our citizens now and in the future, entailing cuts in vital public services and higher taxes and levies which will fall most heavily on the weaker sections of the community.

“Let the people decide.”

More on this topic

Dublin PR firm for NAMA/NTMA receives €214,000 in fees in 2018

Number of NAMA and NTMA employees earning over €100,000 rose to 261 last year

Mick Wallace calls on Finance Minister to investigate 'illegal' €26 million Nama deal

PAC calls for Dáil debate on future use of NAMA funds

More in this Section

Two men due in court after Sligo robbery

Eoghan Murphy wants to remain as Housing Minister 'as long as' possible

Bride-to-be who went missing on hen night buried in wedding dress

Man, 30s, due in court after serious assault in Cork


Seven beauty tricks to update your look for spring

Meet London Fashion Week’s 'pride and joy', Derry-born Jonathan Anderson

Local & fresh: The Currabinny Cooks offer up leek delights

Lindsay Woods: 'I was hinging my transition into functioning, upright, organised, and general pulled-togetherness on the purchase of a dodgy calendar from Tesco'

More From The Irish Examiner