Dáil debates

Wednesday, 4 May 2011

EU-IMF Programme: Statements

 

6:00 pm

Photo of Peadar TóibínPeadar Tóibín (Meath West, Sinn Fein)

The National Pensions Reserve Fund has a total of €14 billion, which the Government will pay on an annual basis to Anglo Irish Bank. The Government has the choice of putting that money into a dead bank or putting the Irish taxpayers' money into creating jobs. Its deflationary policy, which it has taken up from Fianna Fáil, has on every single occasion reduced all economic indicators against expectations. The people of Ireland now expect the Government to learn from these mistakes and change tack and grow the economy out of recession rather than making cuts.

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