Tag Archives: Labour

Eamon Gilmore with deputies Ciara Conway, Aodhan O Riordain and Dominic Hannigan launching the Irish language leg of Labour’s Fiscal Treaty Campaign at Merrion Square, Dublin earlier.

Meanwhile, outside Leinster House

Socialist Party MEP Paul Murphy (top) and below with Joe Higgins TD and People Before Profit/ United Left Alliance Councillor Melissa Halpin with austerity polling cards.

(Sasko Lazarov and Sam Boal/ Photocall Ireland)

Patriotic posters. The last refuge of scoundrels.

Joan Burton, Eamon Gilmore and Dominic Hannigan, launching Labour’s pro-treaty campaign outside the party’s HQ in Dublin within the last 30 minutes.

(Laura Hutton/Photocall Ireland)

httpv://www.youtube.com/watch?v=70pFmnILJn8&feature=player_embedded#!

Fiaro Myles writes:

Great episode of VB last night, wherein Vincent asked Dominic Hannigan [Labour TD] 10 times why we paid €1.5bn to unsecured bondholders in AIB two weeks ago. Needless to say, he didn’t get an answer.

One chap emailed the show to say: “This is dreadful. Repetitious, boring bullying; insane asking the same question and getting the same answer. Downright embarrassing. Little preparation of programme. The question has been answered repeatedly.”

to which Vincent responded:

“I think it is valid we pursue the squandering of vast sums of public monies to pay off debts we do not own, debts not covered by the bank guarantee and not demanded under the deal with the troika. This is a gigantic sum of money, desperately needed for, among other matters, job stimulation. I have not heard an explanation for the payment of these unguaranteed bonds. I intend continuing to ask that question.”

TRANSCRIPT: I Have Yet To Hear An Explanation For The Payment Of Unguaranteed Bonds (Politico.ie)

(Politico.ie)

“I will not exaggerate our achievements, nor will I underestimate what is yet to be done.  Neither will I ignore what has been left undone, or done badly, but in difficult times we can report progress.
The economy is growing again. Small growth, but the first growth we have seen for almost 4 years.”

Eamon Gilmore, at the Labour Party conference in Galway.

Ireland’s economy probably shrank for a third consecutive quarter in the first three months of this year, said Michael Saunders, head of European economics at Citigroup Inc. in London. He expects the Irish economy to contract this year and that missed fiscal targets and weaker growth may require the country to seek a second bailout.

Irish May Need More Cuts to Reach Fiscal Target, OECD Says (Bloomberg, April 13)

“We have renegotiated the EU/IMF deal; got the interest rate reduced and replaced the crippling Anglo Promissory note this year with a long term bond.”

Eamon Gilmore, tonight.

Because the ECB have fully achieved their goal — getting a full €3.1 billion ELA repayment — calling this “a deal” with the ECB is hardly appropriate. Rather, it represents an arrangement with a privately-owned Irish bank that maintains the appearance of some sort of deal having been agreed with the ECB.

Promissory Note “Deal” Fails to Meet Low Expectations (Karl Whelan, March 29)

(Laura Hutton/Photocall Ireland)