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Sinn Féin Dublin EU candidate Lynn Boylan critical of Fine Gael & Labour record on EIB funds

12 May, 2014 - by Senator Lynn Boylan

Sinn Féin EU candidate for Dublin, Lynn Boylan, has criticised Fine Gael and Labour’s record when it comes to drawing down funds from the European Investment Bank.

Speaking at Sinn Féin’s EU manifesto launch today, Lynn said:

“Unemployment here is still unacceptably high despite Fine Gael and Labour’s pre-election promises. The reason for this failure is clear when you look at the Government’s record in drawing down funds from the European Investment Bank. Fine Gael and Labour have drawn down less EIB funding for job creation since 2011 than even Fianna Fáil did in the final three years of their administration.

“Indeed both this government and its predecessor have the worst record of accessing EIB funding of any of the Eurozone crisis countries. Since the start of the crisis the Irish government has secured less EIB funding per capita than Portugal, Greece, Spain, Italy and Cyprus.

“A strong Sinn Féin team of MEPs will campaign vigorously for Ireland, north and south, for increased access to vital EIB job creation funds. We will also argue for changes to the size and lending rules of the EIB to ensure that those countries with the greatest need for investment in job creation receive the funds required.

“We will take the same approach to tackling the youth unemployment crisis. Today there are less under 25s in work here than when Fine Gael and Labour took office. Despite all the spin about a youth guarantee, the Government and the EU institutions are failing to invest in supporting young people in work. Increased investment in tackling youth unemployment is urgently needed.

“Sinn Féin MEPs will also campaign to protect those in work. The gradual erosion of pay and conditions, particularly among part time and atypical workers must be opposed. This particularly affects young people and women in the work force.

“A vote for Sinn Féin in the upcoming European elections is a vote for investment in job creation and for a decent standard of living for those in work.”

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