Monday, October 22 16:38:59
The Irish Congress of Trade Unions today asked Troika officials to reveal what plans they have for growth and job creation, given the failure of austerity to generate recovery.
Speaking ahead of an official meeting with the Troika, Congress General Secretary David Begg said: "We now know that the numbers don't add up. The IMF let the cat out of the bag recently when it admitted it had got its figures all wrong and had totally underestimated the impact of austerity."
"This has been our position from day one - austerity does not generate recovery it just makes the situation worse. Now the IMF has confirmed this to be true."
"In that context, you would expect to see a degree of soul-searching and humility from the Troika. Their plan has not worked and we need to hear how they expect to get growth and jobs back into the economy."
"The trade unions have advanced a costed investment plan that could create 100,000 jobs over three years. If the Troika finds fault with that, I think it is incumbent on them to put alternatives on the table," Mr Begg concluded.