Sinn Féin president Gerry Adams has accused the Government of “overselling last night’s European Council agreement”.
Deputy Adams said:
“Sinn Féin welcomes any increase in investment in job creation and reduction in the cost of the State’s debt burden.
“Cuirfidh Sinn Féin fáilte roimh aon athrú súntasach a thiocfaidh amach as seo.
“Before the European Council summit this week Sinn Féin recommended to the Taoiseach that he replace his policy of austerity and bank bailouts with a strategy of investment, debt write-downs and market return.
“Minister for Foreign Affairs Eamon Gilmore described this morning’s agreement as a ‘game changer’. He said it would lift the bank debt burden from Irish taxpayers and that the deal was retrospective and would be applied to the Irish recapitalisations.
“Tá an rialtas ag cur in iúl go bhfuil éacht déanta acú aréir leis an comhaontú Comhairle Eorpach. Níl na sonraí ar fad again go fóill.
“However this is not what this morning’s European Council statement says. It appears that the Government is over selling the implications of the agreement for Ireland.
“It is clear that the Spanish and Italian governments have secured some movement from the German government and that this may have some positive implications for this state. However the detail of this has yet to be agreed.
“It is also clear that the agreement reached last night on the growth agenda is also being over sold.
“There is only €10 billion of new investment by the EU. Austerity remains a key pillar of the EU’s approach to the crisis. Yet the EU continues to pour billions of into the banks. It is clear that the European Council is still not serious about growth.
“Níl ach €10 billiún do infheistíocht nua a sholáthar ag an EU. Tá sé soiléar nach bhfuil an Comhairle Eorpach dáiríre faoi fás agus borradh.”