Debate on all-party budget urged to defuse fiscal crisis

FINE GAEL REACTION: AN IMMEDIATE all-party budget should be considered in an attempt to defuse the economic crisis facing Ireland…

FINE GAEL REACTION:AN IMMEDIATE all-party budget should be considered in an attempt to defuse the economic crisis facing Ireland, Fine Gael TD Olivia Mitchell has proposed.

The Dublin South TD called in the Dáil yesterday for “solidarity in the face of external attack” and demanded a debate on “the possible potential of an immediate all-party budget to defuse the current crisis”.

She stressed “the need to remind other countries, particularly Germany, that it was low interest rates, especially in the 1990s, dictated by Germany and designed to support its sluggish economy even while it was inappropriate to ours that at least in part caused our property bubble”.

Ms Mitchell said Germany should now be required to “reciprocate that support and to respect our national determination to retain our sovereignty”.

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She later said she had not discussed the proposal with others in her party but said it would be “common sense” to have a discussion about a budget backed by all parties.

Mary Minihan

Mary Minihan

Mary Minihan is Features Editor of The Irish Times