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30/06/2009
No 'Green Shoots' – Fine Gael
Fine Gael have cast a dark cloud over Ireland's economic position denying there are any 'green shoots' - signifying the beginning of recovery.
Fine Gael's Deputy Leader and Finance Spokesman Richard Bruton said the figures from the Central Statistics Office (CSO) suggested talk of the green shoots of economic recovery were "sadly premature", and instead revealed "unprecedented contraction" in the Irish economy over the last 12 months.
"There is no sign of the long-awaited green shoots of recovery in the CSO's latest set of economic figures. But there is plenty of evidence of the serious failure of Fianna Fáil policy in recent years, and how the recession was largely driven by Government mistakes," the opposition member said.
He added: "By the first quarter of this year, Gross National Product had fallen by a staggering 12% in 12 months, and by 4.5% since the last quarter of 2008."
The quarterly figures for this year also showed a fall of 8.5% in Gross Domestic Product, which represents the value of products and services created in the state.
The Fine Gael TD added that the fall in personal consumption had fallen by 6.2% from the last quarter, which would have a knock-on effect on jobs throughout the economy.
"The economy is now paying the price for Fianna Fáil’s litany of mistakes in Government. Job creation will be Fine Gael's first priority in government."
(DW/BMCC)
Fine Gael's Deputy Leader and Finance Spokesman Richard Bruton said the figures from the Central Statistics Office (CSO) suggested talk of the green shoots of economic recovery were "sadly premature", and instead revealed "unprecedented contraction" in the Irish economy over the last 12 months.
"There is no sign of the long-awaited green shoots of recovery in the CSO's latest set of economic figures. But there is plenty of evidence of the serious failure of Fianna Fáil policy in recent years, and how the recession was largely driven by Government mistakes," the opposition member said.
He added: "By the first quarter of this year, Gross National Product had fallen by a staggering 12% in 12 months, and by 4.5% since the last quarter of 2008."
The quarterly figures for this year also showed a fall of 8.5% in Gross Domestic Product, which represents the value of products and services created in the state.
The Fine Gael TD added that the fall in personal consumption had fallen by 6.2% from the last quarter, which would have a knock-on effect on jobs throughout the economy.
"The economy is now paying the price for Fianna Fáil’s litany of mistakes in Government. Job creation will be Fine Gael's first priority in government."
(DW/BMCC)
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Kenny Suggests Radical Budget Cuts
The second day of Fine Gael 'think-ins' is ongoing with the Taoiseach saying that the government will not rule out tax cuts but also revealing EU’s outlook on Ireland is improving. Taoiseach Enda Kenny said that the government was committed to cutting the deficit to 8.6 % next year and that increasing savings of €3.
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Northern Ireland WeatherToday:A mostly cloudy start with scattered showers, the showers becoming more isolated and largely confined to the south this morning. Becoming brighter this afternoon, the best of any sunnier spells across northern counties. Northerly winds easing. Maximum temperature 12 °C.Tonight:A dry evening with late sunny spells and some long clear spells overnight. Becoming cloudier across the north towards dawn with a few showers possible. Touch of frost in south. Minimum temperature 0 °C.
