Sale of AIB shares.

After the terrorist attack in Manchester other issues in life seem less important. But life has to go on. The national media is focused on the Fine Gael leadership election. But I believe that the issue of the sale of the AIB shares is an important issue facing the nation.

The Irish Labour Party believes that selling of the AIB shares to pay down debt is a wasted opportunity. The party believes that the government should seek a dialogue with Europe to insure that this money could be used to invest in the nation. Instead of borrowing the money to invest in the nation we could use the money raised to benefit the nation. A growing economy would allow us to pay the debt at a later date. Labour seeks practical solutions to the management of the economy. Ideological blindness doesn’t resolve economic challenges.

The Labour motion was passed in the Dail. The Social Democrats, Fianna Fail and Sinn Fein have questioned the government’s decision to use the sale of AIB shares to pay down the debt. Despite the democratic decision of the Dail the Minister for Finance has decided to go ahead with the government’s original decision. There is an online petition to support the Labour Party’s motion. I signed the petition myself.

Our schools, healthcare and transport needs to be invested in if we want a balanced growth in our economy. We have an opportunity to do this. It would be a shame if we as a nation were to let this opportunity go.

The views in this article are my own personal views.  The official views of the Labour  Party are on its website.

John O Brien.


Author: irishfabian

This blog expresses my views about the world. I am a member of the Irish Labour Party in Cork East.

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