Tuesday 21 November 2017

Gilmore says economic crisis will not be over until people feel the recovery in their pockets

Eamon Gilmore
Eamon Gilmore

Michael Brennan Deputy Political Editor

Tanaiste Eamon Gilmore said that the economic crisis will not be over until people feel the recovery in their own pockets despite the exit from the bailout.

He said the Labour Party never shirked making decisions to rescue economy and would not put its recovery at risk now.

Exiting the bailout was another major step to the post-crisis Ireland that the Government was seeking to build, but that more work was required.

"It won't be over until people feel recovery in their own lives and their own pockets," he said.

He was speaking at the Institute of European and International Affairs think tank in Dublin about Ireland's future after the bailout.

He said that when the new government was forced to accept the Troika loans because it only had enough money to keep the country running.

"We had money to keep the schools open in  June but not to re-open them in September," he said.

Mr Gilmore said the Government had embarked on a major camapaign during the bailout to restore Ireland's international reputation. He said that where once international coverage of the country featured pictures of high-tech workers, every story about Ireland during the crisis "featured a lonely horse on an empty ghost estate".

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