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Ó Snodaigh to speak at ‘Where now after the budget?’ Liberty Hall meeting

14 December, 2010 - by Aengus Ó Snodaigh TD


Sinn Féin Spokesperson on Social and Family Affairs, Aengus Ó Snodaigh will be speaking at 8pm tonight Tuesday the 14th of December at a meeting of left wing thinkers and activists in Liberty Hall, Dublin City Centre.

The focus of the meeting is: 'Where now after the budget?’

Other speakers are:
John Douglas General Secretary of Mandate
Eamonn Devoy General Secretary of the TEEU
Michael Taft Unite economist
Eugene McCartan of the CPI.

The meeting promises to be an insightful event during which panelists and the audience will debate the economic obstacles and potential challenges facing Ireland in the wake of Budget 2011, and explore ideas of a just and fair way forward.

During his contribution the Dublin South Central TD will argue that all is not lost and all is not over.
Deputy Ó Snodaigh will reject the establishment arguments that without the Budget cuts and IMF/EU deal there would be no money to run the country.
(Text of Deputy O Snodaigh's speech below, check against delivery)
Sinn Féin have shown how the structural deficit can be dealt with in our pre-budget submission. The international bond markets did not kick us out, the Government left them because the interest rates, as a result of their policies, were too high. They were 9% - the EU/IMF is offering us 6% but making us bail out the bank bondholders and telling us how to run the state as conditions.
We can return to borrow on the international markets. It may be at high interest rates, but they will reduce when convinced of a recovery plan that works. Furthermore, it is only speculation that there will be high interest rates on the international finance markets. The interest rates shot up because of government policy, not because of our policy. It will come down to confidence and a key distinction between our economic approach and that of the other parties is that ours is a credible approach. It will instil confidence.
I am confident that on polling day Ireland will witness the biggest demonstration in the history of the state and any new government must not ignore the likely public mandate to get rid of the IMF and process a new budget that reverses the savage and deflationary cuts and tax measures of budget 2011.

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