Friday 24 February 2017

Eamon Gilmore: We can't afford to hand over our destiny to the markets

THESE testing times are when political parties prove their mettle. At a meeting of progressive politicians from 14 European Labour parties, held in Dublin yesterday, the dilemma was clear -- how do you restore public finances, and at the same time create jobs, grow the economy and protect the vulnerable?

Whether we like it or not, Ireland is at the forefront of that battle. And it's a battle we have to win. If we believe in having good public services, if we want good schools and good hospitals, if we want to grow our economies and create more and better jobs, as we all do, then we cannot hand over our destiny to financial markets.

As Ireland's recent history shows, if you don't control your public finances, you don't control your destiny. You hand control over to foreign banks, or you end up in an EU/IMF programme.

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