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Government economic and banking policy not credible – Adams

29 November, 2010 - by Pat Sheehan, Westminster

Speaking today in advance of a major Uniting Ireland rally in Monaghan this evening, Sinn Féin President Gerry Adams has said that “not a euro more should go into the Irish banks until their debts are restructured.”

Mr. Adams said government economic and banking policy is not credible and that Sinn Féin offered a genuine alternative to the bad politics of Fianna Fáil, Fine Gael and Labour.

Gerry Adams said:

“Not a euro more should go into the Irish banks until their debts are restructured.

“For four years the Irish Government’s desire to look after the interests of a small wealthy elite has seen it pursue an austerity strategy that has stripped over €14 billion out of the economy.

“The economy has deflated, unemployment has reached new heights, emigration is on the increase and families are losing their homes.

“Now the government has taken out a huge loan from the IMF and EU and plans to take €15 billion out of the economy over the next four years.

“It is handing more and more power over our economic future to the IMF, EU and European Central Bank.

“The Government’s economic and banking strategy is not credible.

“The international markets are not impressed and the economy continues to retract and deflate.

“And all the time the real debt incurred by the Government’s failed banking strategy grows and grows and grows. Fianna Fáil and Greens have no mandate to do what they are doing.

“The government should go. Citizens should decide on how we are to be governed. Sinn Féin’s aim is to bring about a general election as soon as possible.” ENDS

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