Tuesday, April 24, 2012

Vote ‘No’ to Austerity: Public Meeting this Thursday

Vote ‘No’ to Austerity: Public Meeting this Thursday

Cork Sinn Féin is to hold a public meeting this Thursday at 7.30pm in the Metropole Hotel to urge voters to reject the EU Fiscal Compact. The main speaker at the event will be Jonathan O’Brien TD.

Speaking in advance of the meeting, Cllr Chris O’Leary said that if passed the Treaty would mean permanent austerity.

“The treaty requires member countries’ budgets to be balanced or in surplus, which in Ireland’s case would involve an additional €6 billion in cuts and tax increases after the current austerity programme ends in 2015. What is more, the treaty would force Ireland to reduce its debt to GDP ratio from 120% to 60% after 2018. This would commit us to at least a further decade of austerity after that date.”

“The last four years have shown that austerity is not working. Instead of economic recovery, we have mass unemployment, soaring emigration, and a domestic economy that continues to decline. Imposing these policies across Europe, as this treaty seeks to do, will simply push the entire continent into recession and further delay Ireland’s economic recovery.”

“I invite members of the public to come along on Thursday to find out about the implications of the austerity treaty for Ireland’s future and hear Sinn Féin’s case for a No vote.”

For further information or comment contact Cllr Chris O’Leary @ 087-2794307

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