- Jul 26, 2010
Coming up on News at One.
Statement by Deputy Lowry
This is an intense National Financial Crisis. Labour and Fine Gael are certain to be in Government, possibly before the end of January. It is therefore imperative, in the national interest, that Fine Gael and Labour consult thoroughly with the Minister for Finance and that they reach agreement with the Government on both the budgetary parameters and the main specific budgetary measures.
For Fine Gael and Labour to simply shy back from reality and refuse to engage now with the Government and reach agreement on a budget would be a complete abdication of their imminent responsibilities. It would demonstrate a greater appetite for political advantage than a readiness to exercise responsible leadership.
It is time for Fine Gael and Labour to show that they are ready to take power, that they can exercise responsible leadership.
Time for Labour in particular to step up to the plate, to abandon populist rhetoric-After all they have not put forward any reasonable or realistic budgetary proposals-just empty criticism and rhetoric.
Dire financial realities facing the State mean that a Budget must be passed. Every serious commentator agrees that Ireland simply cannot afford not to pass a budget in early December. Therefore it would be an astonishing political failure on the part of Labour and Fine Gael if for political advantage, they do not join with Minister Lenihan in seeking to agree on the broad measures to be contained in this vital budget.
It would also send the worst of signals to Europe and the ECB if the “Government in waiting” demonstrated an inability to agree on the urgently necessary measure.