Monday 18 December 2017

Thomas Molloy: Sinn Fein economic policy trots out the old (un)reliables

A KEY element in Gerry Adams's speech to the Sinn Fein faithful is for a €13bn stimulus -- a tempting idea beloved of opposition parties across Europe but which could never come to pass here because the easy money Mr Adams so lazily mentions has already been taken.

Four sources of income were name-checked in the Sinn Fein president's ard fheis speech at the weekend: the National Pensions Reserve Fund, the European Investment Bank, private sector pensions and NAMA, without a single extra word of explanation.

What is remarkable about this list is the utter lack of originality -- the present and previous governments have already helped themselves liberally to three of the sources named by Mr Adams while the final source is outside government control.

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