Seanad debates
Wednesday, 27 June 2012
European Stability Mechanism Bill 2012: Committee and Remaining Stages
1:00 pm
David Cullinane (Sinn Fein)
The Minister of State mentioned fantasy economics. The provision in section 3, to the effect that we must put €11 billion of borrowed money into a fund when we will probably need to draw down more than that amount, is fantasy economics. For many years and possibly since before 2007, the parties that share an economic consensus - Fianna Fáil, Fine Gael and the Labour Party - have called Sinn Féin's economic policies the stuff of fantasy.
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