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European Council: Statements (4 Jul 2012)

Lucinda Creighton: It is ludicrous to suggest pumping billions of euro that we do not have into the European economy is a panacea in terms of growth.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: The Deputy knows as well as I that it is not the case.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: I believe in the limited potential of any growth pact. I do not believe that the Deputy believes that the only way to achieve growth is by magically growing money on trees.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: The Deputy is advocating that.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: A 1% growth pact would be enormous and it lends potential------

European Council: Statements (4 Jul 2012)

Lucinda Creighton: -----to assisting in our challenge in reducing unemployment and creating growth in Europe. It is not a solution in its own right.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: I have not yet answered the other questions.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: I agree with the need to rebalance the relationship between stronger and weaker member states and we are beginning to see movement in that direction. I have previously noted in the Chamber that wage agreements in countries like Germany in particular are important in terms of driving demand for goods and services from the weaker countries, especially Ireland as an exporting nation. The...

European Council: Statements (4 Jul 2012)

Lucinda Creighton: The money is non-existent.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: I find the Deputy's ideas bizarre. Could he come up with alternatives?

European Council: Statements (4 Jul 2012)

Lucinda Creighton: We are not talking about putting further public money into the banks as that has been done already.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: We are living in the here and now, not in the past and not in a fantasy land.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: We should get that straight. Our approach to job creation and growth is creating the conditions to allow private enterprise and small and medium enterprise to flourish. That is the only way jobs can be created.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: The Deputy's solution is to grow the public debt and deficit and ignore obligations to reduce deficit levels, and it is a guaranteed recipe for greater unemployment and further stagnation. I fundamentally disagree with the Deputy's analysis and would love to know where he intends to get the money he speaks about to create jobs. There is none available.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: It all sounds nice in theory but in practice it is not workable. It is essentially the difference between the Deputy's outlook and mine.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: There is no evidence to suggest that the Deputy's philosophy would work.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: The banking sector would collapse, which would ensure that no company could borrow money at any time in the foreseeable future. That would strangle private enterprise in this country and we would never again grow the economy. I do not agree with the Deputy's analysis or purported solutions.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: I will not dodge any question. I will answer what I can in the time I have.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: He was modelling more for a coalition with the Deputy's party.

European Council: Statements (4 Jul 2012)

Lucinda Creighton: I have no wish to forget any question lest I am accused of trying to avoid providing an answer. The question on the growth strategy for Ireland is perfectly legitimate and the scoping process has begun. The initial pilot phase of project bonds is under way. Through the Cabinet sub-committee on European Affairs the Government has begun to examine potential areas for growth and how it can...

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