Dáil debates

Wednesday, 22 May 2013

Ireland and the Eurozone: Motion (Resumed) [Private Members]

 

6:40 pm

Photo of Liam TwomeyLiam Twomey (Wexford, Fine Gael) | Oireachtas source

The motion reads as if the Technical Group has decided to become the Irish version of the Tory party and that Deputy Pringle will be the new Nigel Farage of Irish politics. No other party, not even Sinn Féin, wants to get rid of the euro. Much of what Sinn Féin included in the motion is sensible although some of its members' contributions were way off. An example is considering a new currency. Deflating a currency is a sign of failure and is not something any economy should examine. Eventually, such action catches up with the country.

The motion seems to refer to the speech of President Barroso. His speech on the matter refers to starting and fuelling a democratic debate with the European Parliament, members of national parliaments, governments, academics, and essentially everyone in Europe. He said that a truly European public debate is necessary to underpin the intensified political union that is a key complement to fiscal and economic integration and that Europe's democratic legitimacy and accountability must keep pace with its increased role and power. What he is saying is what the Sinn Féin Members are calling for. He also said the crisis of the euro was not an economic and fiscal crisis in individual countries. It was not the euro itself that was a problem but what happened in each of the countries. The euro remains a strong currency. In Ireland, we had a construction bubble and we were spending beyond our means.

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