Troika’s cuts following FG/Labour austerity programme – Ó Snodaigh

» John Hedges

An Phoblacht Editor

'The economy needs a major investment to act as a stimulus. Social welfare spending should be seen as a vital part of that'

THE TROIKA (European Commission, International Monetary Fund and European Central Bank) is proposing that job-seekers’ payments be cut only because the Fine Gael and Labour Government told them it wants to follow the austerity route, Sinn Féin spokesperson on Social Protection Aengus Ó Snodaigh said today.

“If the Government were to go back to the Troika, admit that austerity isn't working and say they want to take the alternative stimulus and growth-based approach to recovery then the Troika would issue very different advice,” the Dublin TD said.

He called on the Government to adopt an alternative approach to recovery.

“The economy needs a major investment to act as a stimulus. Social welfare spending should be seen as a vital part of that.”