Bank deal and Nama are undemocratic

Many letters will be written about the promissory note, but I would like to discuss it from a different angle.

Over the last number of years, the lack of transparency and democracy, and the loss of sovereignty, have been noticeable in Ireland.

The Economic Management Council was set up by a select few in government, and it is now causing ripples of discontent within the Cabinet, and rightly so.

Robert Watt, John Moran, Martin Frasier and Derek Moran were not elected by the people, but all the Cabinet were, and they should be the people who formulate policy, with the approval of the Dáil.

Last Wednesday, the Dáil voted to liquidate Anglo Irish Bank and transfer its assets to Nama.

This, I strongly believe to be wrong, due to the lack of transparency within Nama, which is, basically, a secret organisation. But, more seriously, Nama is not answerable to the parliament of the people — the Dáil.

I am, as a citizen, very worried about the powers that we, the people, are losing and I ask people to consider this.

Paul Doran

Clondalkin

Dublin 22