Dáil debates

Wednesday, 29 February 2012

Treaty on Stability, Co-ordination and Governance in the Economic and Monetary Union: Statements

 

1:00 pm

Photo of Pádraig Mac LochlainnPádraig Mac Lochlainn (Donegal North East, Sinn Fein)

I am addressing the issue clearly. I am explaining the context of how this treaty came about.

This crisis was about free market capitalism, deregulation of markets, privatisation and all of those things that came with Reagan and Thatcherite policies, which were embraced in Europe against the will of the European people. This led to a collapse of that system. What did we get in response to the collapse of that ideology and belief system? We got more of it. We have a treaty now that blames investment in public services for the crisis.

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