EU is the best way forward for Ireland - Taoiseach
Published 09/05/2011 | 14:49
Rebuilding a relationship with Ireland’s European partners is critical, Taoiseach Enda Kenny said today, but he stressed that a more flexible bailout package is required for Ireland’s current economic crisis.
Calling for the European Central Bank to be more accountable, Mr Kenny said that the EU was the best way to further Ireland’s interests.
"We carry a heavy burden of debt. Without strong growth, questions of sustainability will remain. There is no doubt that a reduction in the interest rate on the moneys we are borrowing from Europe would be a meaningful and appreciated measure,” he said.
Mr Kenny insisted that there will be no move on Ireland’s corporate tax rate. Fianna Fail leader Michael Martin said the role of the ECB should be reviewed and Padraig McLochlainn of Sinn Fein called for an investigation into now the IMF and ECB allowed a ‘private casino’ to operate in the boom years.