05/04/2013

Call For A Significant Change In Economic Policy

Sinn Féin spokesperson for Jobs, Enterprise and Innovation Teachta Peadar Tóibín has stated that unless there is a significant change in economic policy this decade will be known economically as Ireland's lost decade.

Responding to the latest job figures released the Meath West Deputy said: "Under Fianna Fáil, Fine Gael and Labour Ireland has suffered five years of falling or static growth, historically high emigration and a stagnant jobs market.

"Long term unemployment and underemployment, two significant indicators of poverty are on the increase and the marginal fall in the live register can be accounted for and is over shadowed by the number of people who emigrated in March.

"We see this week that the peripheral economies are being economically nailed down by the imposition of austerity for the protection of the European core resulting in increasing unemployment throughout the Eurozone.

"Fine Gael and Labour are more than enthusiastically delivering on this policy choice in Ireland to the detriment of this generation.

"Five years on they refuse to stimulate the real economy with funds the troika acknowledge exist in order to create jobs.

"They refuse to tackle market distortions such as Upward Only Rents, unfair commercial rates, cartels and bloated utility costs.

"The department tasked with jobs is focused on a turf war with the Department of Environment instead of focusing its resources on job creation."

(CD)

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