4 June 2009 Edition
'Job creation, not bail-outs for zombie banks' - Ferris
EU CANDIDATE Toiréasa Ferris has called on the Government to reverse its policy of investing in zombie banks rather than job creation.
Speaking during canvasssing in Limerick in the South constituency, Toiréasa Ferris said:
“The theft – for that is what it amounts to – of €4 billion euro from people’s pay packets, from their pensions and from their hard-earned taxes to support bond holders and investors in Anglo Irish Bank is outrageous enough; to choose to invest in this failed entity rather than in job creation will be punished severely in the elections.”
She said that the people of the mid-west region know as well as any that we need major investment in the economy to help it recover.
Sinn Féin estimates that €2.5 billion needs to be invested annually in the economy for the next two years to halt the rapid rise in unemployment and rebuild a sustainable economy.
Central to this would be a state bank able to make investment decisions unencumbered by bad debts, she said.
“From all that I am hearing on the doorstep and on the street, the Government will be given this message loud and clear on Friday. All of us must make our vote count and elect an alternative which will put Ireland back to work.”
Toiréasa Ferris with Gerry Adams and local election candidate Henry Cremin