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Reject IMF/EU sell-out – There is a better way – Ó Caoláin

15 December, 2010 - by Caoimhghín Ó Caoláin TD


Speaking at a protest at Leinster House this afternoon Sinn Féin Dáil leader Caoimhghín Ó Caoláin made a final appeal to TDs from all parties to oppose the EU/IMF deal in the Dáil today.

Deputy Ó Caoláin said the deal is designed to bail out European bankers and is not in the interest of the Irish people.

He said:

“The EU/IMF deal will actually bring a profit to many of the senior bondholders who contributed to our current difficulties as it was revealed last night that there will be an additional 3% interest rate on European funds for Ireland as part of the deal.

“Attached to this deal is an imperative to bail out failed banks, the loss of our economic sovereignty, massive interest rates and a succession of savage budgets that target low and average income earners.

“Contrary to the rhetoric of Brian Cowen, there is a better way. We need to set the Irish economy on a new trajectory that seeks to stimulate economic activity, create jobs and gives confidence to the bond markets.

“To do this we need to reject the EU/IMF deal today and call a general election. I appeal to all TDs to vote against this deal today.” ENDS

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