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Investment in our Future

Posted on March 25, 2010

Investment in our Future - Deputy Eamon Gilmore and Deputy Willie Penrose at the launch of 'Investing in our Future'
Deputy Eamon Gilmore and Deputy Willie Penrose at the launch of 'Investing in our Future'

Today we launched our proposals, 'Investment in our Future' for the establishment of a Strategic Investment bank that will play a key role in the recovery and transformation of the Irish economy.

Present at the launch were the Labour Leader Eamon Gilmore TD, our Finance spokesperson Joan Burton TD and our spokesperson on Enterprise, Trade and Employment Willie Penrose TD.

"The Irish economy must be weaned off its dependence on poverty and consumer credit and be re-invented as an export-led, sustainable investment economy," Eamon said at the launch. "To achieve that goal, we need investment finance, which will not be provided by a banking system that is hobbled by the legacy of greed and excess."

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Anglo - the zombie bank

Posted on March 24, 2010

During Leaders' Questions this morning the Labour Leader Deputy Eamon Gilmore expressed his surprise at finding out 70 staff in Anglo Irish Bank have received a pay increase. He questioned the Taoiseach as to how much further Irish tax payers will be asked to dig into their pockets and how much the Government will pay over to the bank.

True to form, Brian Cowen remained tight-lipped leading on the size of pay increases, as well the bank losses despite these issues being of public concern.

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State of the Nation

Posted on March 23, 2010

Deputy Joan Burton

Deputy Joan Burton, Labour Party Spokesperson on Finance reports on her State of the Nation seminar held over the weekend in Cork.

Last Saturday, over 100 people attended Labour's 'State of the Nation' economic seminar in Cork.

There was rapt attention from the first moment until the last, showing the hunger of people from the four corners of Munster to engage constructively on the economic challenges facing our country.

Recently elected Labour MEP from North Tipperary, Alan Kelly, opened the event by exploring the European dimension to Ireland's road to recovery. He highlighted the positive role that the EU can play in supporting Ireland's 'ideas economy', but stressed that recovery was in our own hands.

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Government's policy on banks is not working, Gilmore

Posted on March 02, 2010

"The Government policy on the banks is not working," the Labour Leader Eamon Gilmore TD told the Dail during Leaders' Questions this morning.

He spoke of how Ireland is now in its third calendar year of recession and a year since the Government announced its policy to establish NAMA. We challenged the blanket guarantee at the time and advocated nationalisation instead. Now commentators are speaking of how nationalisation is inevitable.

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Permanent link | Comments | Categories: FinanceEamon GilmoreLeaders Questions

Gilmore continues to press Taoiseach on jobs

Posted on February 09, 2010

Against a backdrop of nearly 1,000 jobs lost since yesterday, the Labour Leader Eamon Gilmore TD questioned the Taoiseach as to what progress has been made on proposals for an International Content Services Centre.

(The International Content Services Centre would become a broker between digital content developers and owners and major content distributors, you can find out more on the Irish Times.)

Pressing the Taoiseach about work on the centre, Eamon said 'we haven't seen much evidence of Government doing anything to follow through on it'.

Eamon continued to question the Taoiseach on a number of points.

  • What level of budgetary support is being provided?
  • When is it going to be established?
  • Where is it going to be located?
  • How many jobs are going to be created?

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Taoiseach is engaging in abracadabra economics, wishing away unemployment figures, Gilmore tells Cowen

Posted on February 03, 2010

The latest unemployment figures show almost 440,000 people on the live register with 319 people losing their jobs everyday and despite the message from Fianna Fail that we are turning a corner into economic recovery, there is very little sign of it, the Labour Leader Eamon Gimore TD told the Dáil this morning.

Speaking during Leaders' Questions Eamon added: "The Taoiseach seems to think that he can wish away the number of people who are out of work because of the number of days and so on they are on the live register. If he wants to go into the figures, there are also people who are unemployed but not on the live register because they no longer receive benefits and they are no longer reflected in the figures.

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An investment in education is an investment in recovery

Posted on February 02, 2010

Yesterday was the deadline date for CAO submissions and today we learned applications are well up on previous years with two applications for every college place.

This issue was raised during Leaders' Questions in the Dáil this afternoon when the Labour Leader Eamon Gilmore reminded the Government that Labour has argued time and time again that additional places in higher and further education are needed to meet the needs of those who have lost their job.

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Permanent link | Comments | Categories: EducationFinanceLeaders Questions

Gilmore demands assurance on no more public sector pay cuts

Posted on January 26, 2010

By the end of this week, the Labour Leader Eamon Gilmore TD told the Dáil this afternoon during Leaders' Questions, every employee of the State will have his or her pay cut for the second time in less than a year.

For those on €25,000 a year, this works out as €160 a month, a Garda or teacher in the middle of his or her scale will be down €400 a month while a staff nurse with 10 years experience will be cut by €560.

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Permanent link | Comments | Categories: FinanceEamon GilmoreLeaders Questions

Gilmore continues to press Taoiseach on banking inquiry

Posted on January 20, 2010

In the Dáil today during Leaders' Questions the Labour Leader Eamon Gilmore TD said the Government's proposals for a banking inquiry is not an inquiry into what went wrong with the banks and how we can learn from it

Our proposal, which is being debated again this evening during Private Members seeks a parliamentary inquiry similar to the DIRT inquiry.

Eamon called the Government's proposals 'unacceptable' saying they would only serve to cover the bad decisions made by the Taoiseach and the Government and would not deal with what went wrong in the banking system so that we can learn from it.

"Fianna Fail want a private inquiry. The rest of us want a public inquiry.

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Permanent link | Comments | Categories: FinanceLeaders Questions

Gilmore calls Government amendment on banking inquiry a 'scam'

Posted on January 19, 2010

Proceedings today in the House, the first day of the Dáil session, were dominated by the banks, from Leaders Questions this morning to the financial statements in the afternoon to this evening's Private Members' time which will debate a Labour Party motion seeking an inquiry into the Banks.

During Leaders' Questions this morning, the Labour Leader Eamon Gilmore TD was strongly critical of the Government's amendment to this evening's motion describing it as a 'sham'. Eamon said the Government's amendment would see any inquiry being held in private with the Dáil excluded from the process.

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