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Lisbon Treaty bad for Irish and EU Economy – Ó Caoláin

14 August, 2009 - by Caoimhghín Ó Caoláin TD


Speaking today at the launch of his party’s No to Lisbon campaign Sinn Féin Dáil leader Caoimhghín Ó Caoláin TD has said that the Lisbon Treaty is bad for both the Irish and the European Economy.

Deputy Ó Caoláin said, “The Lisbon Treaty is part of the failed economy consensus of the past. It was drafted by right wing politicians who have led the European economy into recession. It contains many of the right wing economic policies that have caused the recession and that continue to prevent member state governments from responding effectively to the recession. It is the Treaty of Bertie Ahern and Charlie McCreevy, of Silvio Berlusconi, Jose Manuel Barroso and Nicolas Sarkozy.

“Since 2004 the European Commission, under the stewardship of Portuguese conservative Jose Manuel Barosso, and ably supported by the European Court of Justice, has introduced proposal after proposal undermining sustainable economic growth, public services and workers rights.

“The Commission's singular focus on economic competitiveness has weakened the ability of member states to strategically intervene in the economy to promote economic growth, protect jobs, enhance environmental sustainability and provide universal public services.

“Directive after directive has promoted the deregulation of markets in goods and services while other measures such as the rules on state aid and the Growth and Stability Pact have limited the scope for state intervention to strengthen the economy.

“The Lisbon Treaty increases the powers of the Commission to peruse its right wing economic agenda despite the fact that such policies have been widely discredited by recent events.

“We fully expect the Yes side to use the recession as a scare tactic to bully the electorate into voting for this treaty. However, ratifying the Lisbon Treaty will make our present economic crisis worse. The Treaty is bad for both the Irish and the European economy.

“The Lisbon Treaty is now out of date. Europe needs a new treaty that promotes economic growth and social equality in equal measure. We need a treaty that provides member states with the maximum flexibility to protect jobs and stimulate economic recovery. We need a new treaty for new times.” ENDS

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