Seanad debates

Wednesday, 16 May 2012

1:00 pm

Photo of Fidelma Healy EamesFidelma Healy Eames (Fine Gael)

Yesterday NAMA came in for considerable criticism in this House. I have seen some of the good work the agency is doing behind the scenes, for example, in making developments safe. It is providing money through the financial institutions but it cannot say this publicly because of data protection laws covering its debtors.

There is exciting news with the Volvo race returning to Galway this summer. It will be in Galway between 30 June and 9 July. I can promise sun, magic and amazing times. We expect 750,000 people to visit Galway and it has been confirmed this morning that one third of the world media in attendance will come from China. The Taoiseach recently paid an exciting and beneficial visit to China and the Minister of Agriculture, Food and the Marine, Deputy Coveney, made announcements regarding exports.

I ask the Deputy Leader to arrange for the Minister for Jobs, Enterprise and Innovation to come to the House to speak about the measures that are being implemented by his Department and how we can address the issue of youth unemployment. Perhaps there is also a Chinese dimension in the solution to youth unemployment. It is a cause for concern that 30% of our young people are unemployed. Youth unemployment is running wild across Europe, with rates of 50% in Spain and Italy. This House must be concerned about the issue given the effect that it had on world history in the last century.

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