10/09/2009

No Coalition With FF Say Labour

Labour leader Eamon Gilmore has rubbished speculation that Labour might enter into power with Fianna Fáil after the next election.

Mr Gilmore denied any deal would be cut with the governing party after the election while speaking at the annual think-in meeting of the party in Waterford. Mr Gilmore said the people are demanding an election and that his party is ready for one.

Speculation had been mounting as the government's majority wanes in the Daíl, leading many to believe Brian Cowen's government would entertain other coalition partners, along with the Greens, to strengthen their position in the house.

The Labour leader also said that his party would not back the NAMA legislation, claiming a temporary nationalisation of the two main banks is still the best option.

The Labour Leader said yesterday he believes NAMA represents a major gamble with "enormous and irreversible" risks to the taxpayer.

He said a close look at the language of the European Central Bank showed that they were not giving a ringing endorsement to NAMA.

The Labour party will also use the two-day event to set out its main policy priorities ahead of the new Dáil session.

They are centred on getting people back to work by taking an innovative approach to job creation.

(DW/KMcA)


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