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Blog Archive | Finance

Government must be gone by the weekend, says Gilmore

Posted on January 23, 2011

Eamon Gilmore TD talking to reporters - Eamon talking to reporters at today's press conference
Eamon talking to reporters at today's press conference

The Labour Leader Eamon Gilmore TD this afternoon repeated his statement of this morning when he said the Labour Party would not proceed with our motion of no-confidence in the Government provided there is an unequivocal commitment that the Finance Bill would be enacted and the Dail dissolved by Friday.

Eamon said 'that offer still stands' rejecting Cowen's claim that it is impossible to complete all stages of the Bill before Friday.

"People at home and abroad have looked on in astonishment as this shambles of a government has disintegrated over the past week. This situation cannot be allowed to continue. We need certainty. The people need leadership and they need hope."

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Permanent link | Comments | Categories: FinanceEamon Gilmore

Bailing out insolvent bank is economic treason says Gilmore

Posted on January 12, 2011

"If the Taoiseach's Government knew Ango Irish Bank was insolvent and he asked the Irish taxpayer to bail it out and to pay the cost we are now paying for it, that was and is economic treason," the Labour Leader Eamon Gilmore TD told Cowen.

Gilmore made the comments during Leaders' Questions where he quizzed the Taoiseach about contacts he had with Anglo's Seanie Fitzpatrick.

"First, did the Taoiseach discuss the bank's business at the dinner or the golf outing? Second, will he put on the record of the house all of his contacts with Anglo Irish Bank between the beginning of 2008 and the time of its nationalisation?

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Permanent link | Comments | Categories: FinanceLeaders Questions

Dáil debate on reducing the minimum wage

Posted on December 17, 2010

This week saw the Dáil debate a Labour Party motion on the reduction of the minimum wage (the wording of which you can read in our media centre). While the Labour contributions focused on different aspects of the impact the reduction in the minimum wage will have, Deputy Michael D Higgins delivered a passionate speech which you can view in the accompanying videos (you'll find links to the others speeches at the bottom of the post).

Closing the debate Deputy Higgins said: "Those on the minimum wage know where every cent goes and are forced to spend their incomes not on luxuries but to survive.

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Permanent link | Comments | Categories: FinanceMichael D Higgins

Punitive interest rate raised in Dáil

Posted on December 15, 2010

"Will the Taoiseach tell us why Ireland is being charged a very high 3 per cent interest penalty on this money which is coming through the European Union? Why did the Government agree to it?, the Labour Leader Eamon Gilmore TD asked during Leaders' Questions this morning.

"When money was loaned to other countries under that provision of the EU treaties and I have referred to the situations in Latvia, Hungary and Romania, the additional margin was not applied. Thise countries were not charged an additional 3 per cent on the money lent. Ireland is the first country being charged a penalty rate of interest.

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Permanent link | Categories: FinanceEamon GilmoreLeaders Questions

Minister 'shutting the door after the bonuses had bolted' - Gilmore tells Cowen

Posted on December 14, 2010

"Are we in a situation where the Minister is shutting the door after the bonuses have bolted?... Are we in fact in a situation where, as this works its way out, we will find that the bonuses will end up having to be paid? - Eamon Gilmore TD asked Cowen today during Leaders' Questions.

Gilmore was questioning the Taoiseach about the letter the Minister for Finance wrote to Allied Irish Bank after it emerged that senior executives in Allied Irish Bank were to paid €40m in bonuses.

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Permanent link | Comments | Categories: FinanceLeaders QuestionsEamon Gilmore

Catch-up on budget speeches

Posted on December 09, 2010

"Once again, the future is put on hold as children are made to pay for the mistakes of their Government.

"Labour passionately believes that, as a country, our best days are still ahead of us. We believe that, as a people, we can do a lot better.

"Labour believes we can restore confidence, build enterprise, expand trade, train our people, and create a stable and prosperous future," Deputy Eamon Gilmore told the House during his speech on Budget 2011. You can see his full speech in the video and read his contribution in our media centre.

We've uploaded a number of different speeches to You Tube made by various Labour representatives on the Budget. You can find links to them all below.

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Permanent link | Comments | Categories: FinancebudgetBudget

Government chooses to slash and burn and create even more problems

Posted on December 07, 2010

"This budget is every bit as bad as we feared," the Labour Leader Eamon Gilmore TD said this afternoon.

"The real tragedy is that having done all this damage, Fianna Fail risks compounding their earlier mistakes, such as the blanket bank guarantee and NAMA, with a Budget that takes an additional €6billion out of the economy.

"Labour fully accepts the need to reduce public expenditure and to close the budget deficit, but in this budget Fianna Fail has once again, chosen to take the route of the conservative consensus, asking those on middle and low incomes to bear the brunt of the adjustment, while priviledged elites such as the tax exiles did not even merit a mention in Minister Lenihan's speech.

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Permanent link | Comments | Categories: FinanceBudget

Plans for job creation at core of Labour budget strategy

Posted on December 03, 2010

Eamon and Joan - The Labour Leader Eamon Gilmore TD and the Labour Deputy Leader Joan Burton TD at the launch of Labour's proposals for Budget 2011
The Labour Leader Eamon Gilmore TD and the Labour Deputy Leader Joan Burton TD at the launch of Labour's proposals for Budget 2011

"Fianna Fail's plan to inflict a €6billion budget adjustment next week is dangerous for Ireland. It poses an unacceptable risk to jobs and growth," the Labour Leader Eamon Gilmore said today launching the Labour Party's proposals for Budget 2011, In Ireland's Interest (download the document from our policy section)'.

"We cannot cut our way out of this crisis, we must also have growth. In this uncertain climate, a €6billion adjustment could inflict another year of stagnation on the Irish economy. Having endured so much, and having been promised that the corner was being turned, the danger is that the Irish people will have to suffer another year of little or no growth, and more joblessness.

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Permanent link | Comments | Categories: FinanceBudgetEamon GilmoreJoan Burton

Labour will not be bound by IMF sell-out - Gilmore tells Dáil

Posted on December 02, 2010

"This is a sell-out of our country. It is a surrender by the Government of this country's sovereignty, of its rights to make its own decisions, determine its own budgets and the Labour Party will not be bound by this document," the Labour Leader Eamon Gilmore told the House today.

Deputy Gilmore was speaking about opposing the Order of Business in the House because the Government proposed no questions next week, no Leaders' Questions except for Tuesday and no Order of Business on Wednesday.

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Permanent link | Comments | Categories: FinanceEamon Gilmore

Fianna Fail betrays low-paid workers

Posted on December 01, 2010

The proposed cut in the minimum wage was raised during Leaders' Questions by the Labour Leader Eamon Gilmore TD this morning.

"Someone who is working a 40-hour week will have their pay cut from €346 a week by €40 a week," Eamon told the House.

"Among the first who are being asked to pay the price for this bad deal are people on the lowest level of pay in the country, those at or below the national minimum wage."

Deputy Gilmore demanded the Taoiseach answer three basic questions on the plan to cut the minimum wage.

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Permanent link | Categories: FinanceLeaders Questions

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