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More Clarity Required on Juncker’s Investment Announcement - Carthy

26 November, 2014 - by Matt Carthy MEP

Commenting today on the announcement of a €315 billion Investment Plan by the European Commission, Sinn Fein MEP for the Midlands North West Matt Carthy said that much more clarity is required in order to establish any potential for Ireland.

Carthy said:

“While I welcome any proposals for Investment at a European Level, I am firmly of the view that an Investment Plan will only work if there is a simultaneous rejection of the Austerity policies which have devastated domestic economies across Europe and prolonged the recession.

“Today’s announcement was scant on detail as to how this fund will work in practice and particularly, how peripheral economies such as Ireland will be in a position to benefit from such a fund.

“There is a genuine concern expressed by many that today’s announcement is nothing more than the latest instalment in a three card accounting trick and it very much remains to be seen if the Investment Plan announced today will provide the genuine stimulus required to create jobs and stimulate investment across the European Union.

“The announcement was very much a case of style over substance and I will be monitoring the implementation of this plan very closely in order to ensure that any Investment Package provides a genuine benefit to citizens.”

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