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Change of direction needed if jobs are to be created and second bailout avoided

16 January, 2012 - by Gerry Adams TD


Sinn Fein president Gerry Adams has said that the party’s message to the Troika today is that, “a change of direction is urgently needed if jobs are to be created and a second bailout avoided.”

His comments were made in advance of a Sinn Féin delegation meeting with the Troika at 4pm in the Department of Finance. The delegation included TDs, Gerry Adams, Mary Lou McDonald, Pearse Doherty and Padraig MacLochlainn and their advisors.

Deputy Adams said:

“Austerity is not working. Every available social and economic indicator confirms this. We want to discuss the details of Sinn Féin’s alternatives with the Troika today.

“We need a change in direction that provides for investment in job creation, retention of jobs and a return to economic growth if we are to avoid a second bailout.

“We believe that even within the framework of the current programme there are choices which would enable the Government to meet their EU/IMF commitments without punishing low and middle income families.

“This is Sinn Féin’s central message to the Troika today. The government must abandon austerity and bank bailouts. They must pursue a new strategy. This would involve investment in jobs to return the economy to positive growth and the removal of the burden of the Anglo Irish promissory note from the taxpayer.”

ENDS

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