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EU Finance Ministry proposal deeply worrying – Mac Lochlainn

3 June, 2011 - by Pádraig Mac Lochlainn


Sinn Féin Spokesperson on Foreign Affairs Padraig Mac Lochlainn has described as “deeply worrying” the comments of Jean Claude Trichet where he alluded to the possibility of the creation of an EU Finance Ministry which would have a veto over domestic economic policy.

Speaking from his constituency in Donegal North East Deputy Mac Lochlainn said:

“I am deeply worried about the comments made by Jean Claude Trichet where he alluded to the possible creation of an EU Finance Ministry which would have a veto over domestic economic policy.

“If this is the case, then what we are looking at is further erosion of our economic sovereignty by the EU. We already have a situation where the EU has to give the OK to our budget before it is implemented and our purse strings are held tightly by the ECB and IMF.

“I am calling on Mr. Trichet to make his intentions on this issue clear.”

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