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25 Jun 2022

Unions discuss IMF fallout

SINN Fein Candidate Cllr Brian Stanley met with leading trade unionists last Friday to discuss issues affecting their members as a result of the economic crash and the austerity plan been overseen by the IMF/ECB.

SINN Fein Candidate Cllr Brian Stanley met with leading trade unionists last Friday to discuss issues affecting their members as a result of the economic crash and the austerity plan been overseen by the IMF/ECB.

The meeting was attended by officials from SIPTU, The UNITE trade union, Civil and Public Services Union (CPSU), Public Service Executive Union (PSEU), Teachers Union of Ireland (TUI) and the Association of Secondary Teachers of Ireland (ASTI)

Speaking at the meeting Cllr Brian Stanley said, “Sinn Fein believes that the key issue facing workers in the coming period is that they are being forced to pay the debts of others, namely zombie banks and gamblers. The Government/IMF/ECB four year austerity plan is nothing short of economic bondage for low and middle income earners. The cuts and tax increases already inflicted on workers, represents only the first phase of the four year plan,” he said.

Cllr Stanley said this approach is necessary if you accept that the public are liable for the cost of bailing out the elite.

“We in Sinn Fein absolutely reject this approach and want the total separation of private debt from state/sovereign debt. The speculators who created the crisis did not invest in government bonds or institutions, they made private investments in private institutions and in the last 2 years began to lose,” he said.

The Sinn Fein Councillor said there must be a market solution to this market problem. To this end Sinn Fein want a bank resolution bill which would ensure that not one euro of taxpayer’s money would be used to bail out banks or make good the losses of bond holders.

But Sinn Fein would give an absolute guarantee for deposits in the banks.

In conclusion he said Sinn Fein is committed to working for the separation of private debt from public debt.

“We will use every opportunity to protect public services and improve the position of ordinary working people who provide them,” he concluded

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