Speaking on Monday following the Green Party’s announcement that it is pulling its support for Government, Deputy Noel Coonan said An Taoiseach must dissolve this hopeless Government with immediate affect and “let the fate of our country be decided by the people of the country”.
The local Fine Gael TD said: “It is the people of the country who should decide who formulates the four year fiscal plan and the forthcoming Budget. It is not about Fianna Fáil, Fine Gael, Labour, the Greens or Independents. It is simply about the people and what is in the best interests of this country. And I believe that a General Election and a mandate from the people is what is needed right now and what is in the best interests of our State.”
On Monday, the local Fine Gael TD also expressed deep and utter disappointment at this Government who, having brought this country to its needs, has now surrendered control of our finances by a formal request for a multi-billion euro loan.
“This Government has finally admitted it is incapable of dragging our country out of a recessionary hole after weeks of misleading information and denial. An Taoiseach has conceded that Ireland needs financial help from other countries and I’m appalled that the Taoiseach is still refusing to accept responsibility for this disaster. His mandate is no longer credible.
“The public has lost confidence in this present Government and its backers. The Government is still refusing to shoulder the blame for this colossal mess and people have no reason to vote for them in the next election,” continued the Fine Gael TD.
This is the first time that such a bail-out has been sought in the State’s 88 year history. Deputy Coonan said if Fine Gael could turn back the clocks, it would have engineered a very different functioning and stable fiscal plan. Fine Gael would have used the period of stability provided by the Bank Guarantee to restructure the banks and impose losses on the banks’ investors.
Right from the start, Fine Gael was the first party to recognise that Anglo Irish Bank could never survive as a commercial entity and needed to be wound down. We were also the first party to argue that it was completely unfair for the Irish people to shoulder all of the losses of our dreadful banks, and that it was only fair that the people who had lent recklessly to the banks should also share in the pain. It’s a basic rule of capitalism that if you lend recklessly to failed institutions you must take the consequences.
Deputy Coonan said this bail-out “must not destroy more jobs and central to that is protecting the 12.5% rate of corporation tax.” This week Fine Gael will put a Private Members’ Motion to the Dáil seeking cross-party support for the protection of the tax as a vital instrument for growth and job creation.
Deputy Noel Coonan has slammed this Government for its failed and flawed policies as unemployment reached 7,712 in North Tipperary for the month of August, an increase of 3,950 on August 2008. The local Fine Gael TD said this jump of almost 4,000 in two years represents a Celtic Tiger that has long lost its roar in North Tipperary as constituents become more disillusioned with this dysfunctional Government.

