Seanad debates
Tuesday, 24 April 2012
Thirtieth Amendment of the Constitution (Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) Bill 2012: Committee and Remaining Stages
The funding issue is a complete red herring. That element was inserted into the treaty on purpose to blackmail people. Mr. David Begg said the treaty was socially and economically wrong and if that is so, why should a single citizen in the State vote for it? The response has been that we may need the money. The reality is that Europe will not and cannot afford to allow Ireland - a eurozone member - sink. The Government is convinced Ireland will return to the bond markets, which we want, and we should take different approaches in reducing the deficit, separating private banking debt from sovereign debt. We should have a strategy to grow the economy so we can get back to the bond markets. However, this country will not get there because of the kind of policies being implemented by the Labour Party as part of the Government.
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