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European Council Meetings (23 May 2012)

Richard Boyd Barrett: Question 12: To ask the Minister for Finance if he will report on the recent Ecofin meeting; the issues he raised and in particular any measures that were discussed to promote economic growth in Europe; and if he will make a statement on the matter. [25656/12]

European Council Meetings (23 May 2012)

Richard Boyd Barrett: I must put it to the Minister that yet again deception is being exercised on our people, particularly in advance of the vote in the referendum on the fiscal treaty. Members of the Government are talking about and using the word "growth" a good deal. We have heard its use again by the Minister, the Taoiseach uses it a good deal and there is good deal of talk about it around the European...

European Council Meetings (23 May 2012)

Richard Boyd Barrett: -----and whose economy has been destroyed with the imposition of that austerity. Is it not the case that this taken alongside the insulting comment the Minister made about feta cheese, which was insulting to the Greek people who are suffering, are not only insulting to the Greeks but indicate the Minister's Government is still, along with Angela Merkel, promoting the austerity agenda, which...

European Council Meetings (23 May 2012)

Richard Boyd Barrett: Does that analysis not show a very simplistic and inaccurate understanding of what the consequences would be if there was a Greek exit from euro pushed by the austerity that has been imposed by Europe? All the commentators, even the person who negotiated the Greek write-down of debt, have pointed out that we could face a much deeper recession if Greece is forced out of the eurozone to the...

European Council Meetings (23 May 2012)

Richard Boyd Barrett: Pie in the sky.

European Council Meetings (23 May 2012)

Richard Boyd Barrett: It is not happening. Where is the investment?

National Asset Management Agency (23 May 2012)

Richard Boyd Barrett: I welcome that NAMA funds might be invested back into the economy to create employment and hopefully growth, which seems entirely sensible. I agree completely with the Minister's earlier comments. However, in what should it invest? Are the investment and employment sustainable? What are the long-term impacts of investing in particular areas? Is the Minister not concerned that NAMA's...

Leaders' Questions (23 May 2012)

Richard Boyd Barrett: Shame the devil and tell the truth.

Leaders' Questions (23 May 2012)

Richard Boyd Barrett: Not debating.

Leaders' Questions (23 May 2012)

Richard Boyd Barrett: Fear.

Leaders' Questions (23 May 2012)

Richard Boyd Barrett: The Taoiseach should debate the treaty. He should stop hiding behind media soundbites.

Leaders' Questions (23 May 2012)

Richard Boyd Barrett: He always gets the last word during these brief Dáil exchanges. The people should get full information on all the issues pertaining to this treaty. The European Stability Mechanism is one of the central issues he has raised as an argument for supporting the treaty. He should take this opportunity to tell the people of this country the truth about the ESM. Will he admit the reality that...

Leaders' Questions (23 May 2012)

Richard Boyd Barrett: That money is likely to end up bailing out Spanish banks.

Leaders' Questions (23 May 2012)

Richard Boyd Barrett: After putting billions of euro into bailing out Irish banks, we will end up bailing out Spanish banks and other European banks. Where will we get the €11 billion from? That money is in addition to the €8 billion in cuts under the troika programme over the next three years, the €5 billion in cuts that are required to meet the deficit targets under the fiscal treaty and the billions in...

Leaders' Questions (23 May 2012)

Richard Boyd Barrett: Will the Taoiseach admit that even if we pass the fiscal treaty, there is no guarantee that we will get money from the ESM? If the Spanish banks require recapitalisation, there might not be enough money in the ESM to provide assistance to this State if it requires it.

Leaders' Questions (23 May 2012)

Richard Boyd Barrett: Even if we can access money from the ESM, it will be subject to strict conditionality, which means more austerity will be shoved down the throats of the people of this country.

Leaders' Questions (23 May 2012)

Richard Boyd Barrett: Is it not incredible that the ESM gives complete immunity from legal prosecution to the board of governors of the ESM?

Leaders' Questions (23 May 2012)

Richard Boyd Barrett: The ESM will pay no tax. All of its documentation will be inviolable from any sort of oversight or investigation.

Leaders' Questions (23 May 2012)

Richard Boyd Barrett: That is what is in the treaty.

Leaders' Questions (23 May 2012)

Richard Boyd Barrett: Will the Taoiseach admit that the ESM is not an insurance policy for the Irish people? It is not a good reason to vote for the fiscal treaty.

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