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We must work for a Europe free of poverty - McLellan

21 May, 2013


Speaking in the Dáil tonight on the Technical Group’s private members bill on the Eurozone crisis, Sinn Féin TD for Cork East Sandra McLellan said:

“Sinn Féin has pointed out many times that the Euro was never designed to serve and benefit the people of Europe. It was a project of the few for the few.

“We are of the view that the Euro, in terms of both its fiscal design and the political economy which underpins it, is seriously flawed.

“For example, Ireland like other countries is essentially a member of a currency system over which it has no monetary control.

“However we do need to keep in mind that while the Euro was undoubtedly a factor in the crisis, it was not the sole cause.

“This is the legacy of years of Fianna Fáil misrule, clientele-ism, corruption, and indifference.

“We now find ourselves part of a monetary system that operates in the almost sole interest of advanced capitalist accumulation and of Germany.   Europe’s political elite must immediately address the democratic deficit that lies at the heart of the EU project.

“There must also be an end to the destructive and counterproductive politics of austerity. And an investment programme on the scale of the Marshall Plan and a social insurance fund to assist countries that are currently struggling.

“It is important that the politically deliberate rejection of egalitarianism is challenged, and that we begin to seriously conceive of and work towards a European Union and an Ireland, without poverty.

“This is the challenge ahead.  Leaving the Euro tomorrow would not make that challenge any easier.”

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