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Revised EU/IMF Programme an act of political fraud – Doherty

4 May, 2011 - by Pearse Doherty TD


Speaking today during a Dáil debate on the EU/IMF Support package Sinn Fein Finance Spokesperson Pearse Doherty TD accused the Government of ‘an act of political fraud‘ and ‘slavishly supporting Fianna Fail’s failed politics of austerity’.

Deputy Doherty said:

“Throughout the General Election campaign Fine Gael and Labour told the electorate that they would make the renegotiation of the EU/IMF austerity package their number one priority if elected to government.

“Eamon Gilmore infamously told an election press conference that after February 25th it would be “Labours way not Frankfurt’s way”.

“Well, the wait is now over. We have the revised EU/IMF Programme of Financial Support for Ireland. And guess what? It remains, in letter and spirit, virtually identical to that agreed by Fianna Fail.

“The only support that this EU/IMF Programme contains is support for the failed policies of bank bailouts and austerity imposed by Brian Cowen in the dying days of his failed administration.

“This is an act of political fraud by a government on a scale unprecedented in recent history. They are slavishly supporting Fianna Fail’s failed politics of austerity

“The EU/IMF programme is based on the same failed economic logic as its predecessor.

“And the reason for this is simple. The EU/IMF/ECB are not interested in creating jobs in this state. They are interested only in shoring up our failed banking system, driving down the cost of wages and the level of public spending in a vain effort to restore the economies competitiveness.

“This is not a support plan it is a vicious programme imposing an internal devaluation on the Irish economy which will force more people into poverty, on to the dole and into debt while increasing the pressure on vital public services which in turn will have less staff and smaller budgets to cope with growing demand.

“All of this is evidence, if further evidence was needed, that the promises made by Fine Gael and Labour in advance of the general election are now long forgotten and that the policy of this government is no different from that of its predecessors.”

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