Menu
02/05/2012
Austerity Is Bad For Jobs And Growth - SF
Sinn Féin jobs and enterprise spokesperson Peadar Tóibín TD has today said that "the Austerity Treaty is bad for jobs and growth and if passed on May 31st will hamper any prospect of economic recovery".
The Meath TD's comments come as the Irish Exporters Association announce a slowing down of export growth and the CSO live register figures show no let-up in the numbers of people signing on.
Deputy Tóibín said: "Unemployment is at a record high despite massive emigration. At the end of April there were 436,000 signing on. Eurozone unemployment has reached an all-time high of 10.9%. The Irish Exporters Association has today said that Eurozone recession is slowing our export growth. The domestic economy and one of our primary export markets are both in recession.
"At a time when the Irish and Eurozone economies desperately need investment in jobs and growth, the Government and their EU counterparts are proposing the very opposite.
"The Austerity Treaty is bad for jobs and for growth. If passed it will hamper any prospect of economic recovery.
"Businesses, either foreign or domestic, operating in Ireland need a competitive cost base, a skilled workforce, access to markets and demand. Demand in Ireland and Europe has fallen off a cliff due to austerity. This treaty will mean an extra €6 billion in tax increases and spending cuts post 2015. This will further depress consumer demand, pushing the domestic economy further into recession.
"At the same time the Treaty will see governments across the Eurozone contracting their own economies to meet the Treaty’s draconian deficit rules. This will close off one of our most important export markets, which as today’s figures show, is already in serious trouble.
"More austerity is the last thing that the Irish and Eurozone economy needs. The only way to generate growth is to invest in jobs and strategically stimulate demand. This is recognised by the growing number of political parties and trade unions across Europe who are opposing the Austerity Treaty."
(CD/GK)
The Meath TD's comments come as the Irish Exporters Association announce a slowing down of export growth and the CSO live register figures show no let-up in the numbers of people signing on.
Deputy Tóibín said: "Unemployment is at a record high despite massive emigration. At the end of April there were 436,000 signing on. Eurozone unemployment has reached an all-time high of 10.9%. The Irish Exporters Association has today said that Eurozone recession is slowing our export growth. The domestic economy and one of our primary export markets are both in recession.
"At a time when the Irish and Eurozone economies desperately need investment in jobs and growth, the Government and their EU counterparts are proposing the very opposite.
"The Austerity Treaty is bad for jobs and for growth. If passed it will hamper any prospect of economic recovery.
"Businesses, either foreign or domestic, operating in Ireland need a competitive cost base, a skilled workforce, access to markets and demand. Demand in Ireland and Europe has fallen off a cliff due to austerity. This treaty will mean an extra €6 billion in tax increases and spending cuts post 2015. This will further depress consumer demand, pushing the domestic economy further into recession.
"At the same time the Treaty will see governments across the Eurozone contracting their own economies to meet the Treaty’s draconian deficit rules. This will close off one of our most important export markets, which as today’s figures show, is already in serious trouble.
"More austerity is the last thing that the Irish and Eurozone economy needs. The only way to generate growth is to invest in jobs and strategically stimulate demand. This is recognised by the growing number of political parties and trade unions across Europe who are opposing the Austerity Treaty."
(CD/GK)
Related Irish News Stories
Click here for the latest headlines.
08 August 2014
Fine Gael Welcomes ESRI Report
The latest report from the Economic and Social Research Institute (ESRI) has been welcomed by Fine Gael. They have described it as a "testament to the policies implemented under the current Government.
Fine Gael Welcomes ESRI Report
The latest report from the Economic and Social Research Institute (ESRI) has been welcomed by Fine Gael. They have described it as a "testament to the policies implemented under the current Government.
11 January 2013
Irish Exports Grow By 5%
Irish exports grew by 5% in the year, which was double the World trade growth, and shows a return to competitive strength in many sectors of Irish industry. Exports surged by €9 billion in 2012 to reach a new high of €183 billion.
Irish Exports Grow By 5%
Irish exports grew by 5% in the year, which was double the World trade growth, and shows a return to competitive strength in many sectors of Irish industry. Exports surged by €9 billion in 2012 to reach a new high of €183 billion.
11 July 2013
Union Urges Govt To Increase Minimum Wage
Both the national minimum wage and social welfare payments should increase in the autumn budget, the Unite trade union has said. The union is calling on the government to make the increase in an effort to encourage spending.
Union Urges Govt To Increase Minimum Wage
Both the national minimum wage and social welfare payments should increase in the autumn budget, the Unite trade union has said. The union is calling on the government to make the increase in an effort to encourage spending.
08 April 2008
Bertie For President
Bertie Ahern has been mooted as one of a number of possible candidates for the new position of EU President. Hans-Gert Pottering, the current president of the European Parliament, was speaking after holding talks at government buildings yesterday on the forthcoming Lisbon Treaty referendum.
Bertie For President
Bertie Ahern has been mooted as one of a number of possible candidates for the new position of EU President. Hans-Gert Pottering, the current president of the European Parliament, was speaking after holding talks at government buildings yesterday on the forthcoming Lisbon Treaty referendum.
23 September 2009
Exporters Report Growth Yet Fear For Jobs
The Irish Exporters Association has revealed that Irish exports have bucked the trend, stepping into growth for the first half of 2009.
Exporters Report Growth Yet Fear For Jobs
The Irish Exporters Association has revealed that Irish exports have bucked the trend, stepping into growth for the first half of 2009.
-
Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
