Monday 27 February 2017

'We need a government who can stand up for Ireland'

Aengus Fanning talks to Eamon Gilmore about his party's ambition to be the first Labour-led government in the history of the State

Eamon Gilmore is deeply worried about the effect on the Irish people of what he called the 'Frankfurt Prescription' which is ruthlessly deflating our consumer economy in order to bring our costs down and make our exports more competitive (a laudable objective, but at what price?).

Frankfurt has despaired of our political leaders properly getting to grips with day-to-day spending on our public services, public sector pay and pensions, and social welfare.

Nearly 40 per cent of what this costs, not far off €20bn, has to be borrowed each year on top of the frightening mountain of bank debt, a burden that is crucifying our people and blighting the economy's chances of recovery.

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