Construction Ireland Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
10/06/2010

SF Slams Cowen Over Property Crisis

The Irish economic crisis is a result of the Government's "over-reliance" on the property market.

Sinn Féin Finance Spokesperson, Arthur Morgan made the claim after the announcement by the Tánaiste, Mary Coughlan that the Dáil will schedule a motion of confidence in the Taoiseach Brain Cowen.

"The banking crisis was unashamedly a by-product of the subservience of successive Fianna Fail led governments to the interests of developers, bankers and speculators and an over-reliance on artificial economic growth that transpired from an over-reliance on the property market," said Deputy Morgan.

-- Advertisement --

"The two reports published yesterday chronicled the brazen responsibility of Fianna Fáil and especially our current Taoiseach in the banking crisis, yet the Government have the brass neck to stand before the House next week to vote confidence in Mr Cowen.

"The Government and the Fianna Fáil backbenchers are going to vote confidence in the same man who extended property based tax reliefs, who told us that the economy was strong, that the public finances had never been in better shape and that the fundamentals of the economy were good."

He continued: "He told us all this as the unstable foundations of the property market were crumbling, as the corporate governance of banks was running amok and as the financial regulator presided over a banking sector that was on the verge of collapse.

"The people of this State have no confidence in Brian Cowen. They have no confidence in the Government.

"They have no confidence in the myriad of policies that have been brought in to fix our banking system and our economy," he said.

See: Reports Reveal Irish Bank 'Follies'

(NS/BMcC)

Latest Construction News

20/11/2024

MDE has been awarded the electrical services contract for the Clondalkin School Development Project in Dublin. Working alongside Cunningham Contracts Ltd., the company will serve as the specialist electrical contractor for the construction of new facilities for Gaelscoil na Camóige, Gaelscoil ...
20/11/2024

In celebration of European Week for Waste Reduction, the Northern Ireland Resources Network (NIRN) has launched an environmental education programme to promote zero-waste principles among young people. Three schools from the ABC Borough—St Francis Primary School in Lurgan, St Patrick's Primary ...
20/11/2024

Work has begun at hospital sites across Northern Ireland as part of preparations to eliminate car parking charges by May 2026. Health and Social Care Trusts are installing the necessary infrastructure for a new traffic management system, following the passing of the Hospital Parking Charges Act by ...
20/11/2024

Fine Gael has accused Sinn Féin of abandoning its commitment to protect consumers from rising energy costs, claiming that the party's policies could lead to increased costs for 2.1 million customers. The criticism comes after Sinn Féin's alternative budget last month proposed retaining the ...
20/11/2024

SDLP Agriculture, Environment, and Rural Affairs Spokesperson Patsy McGlone has urged Minister Andrew Muir to take decisive action to protect the environment, rather than launching additional reviews. The comments came after Minister Muir announced a review into environmental governance during an ...
20/11/2024

Alliance Strangford MLAs Kellie Armstrong and Nick Mathison, along with Alliance East Antrim MLA Danny Donnelly, recently visited the tidal research experiment at Queen's University Marine Laboratory (QML) in Strangford. The project, funded by the Centre for Advanced Sustainable Energy (CASE), is ...
19/11/2024

Phoenix Energy has been awarded an international standards accreditation from the British Standards Institution (BSI) in recognition of its inclusive service approach for customers in vulnerable situations. The certification highlights Phoenix Energy's commitment to providing fair, flexible, and ...
19/11/2024

Seating Matters is investing £3.7 million to enhance and improve its manufacturing facilities in Limavady and L'Derry. The company is aiming to support its bold strategy to triple revenue by 2027. Making the announcement while visiting the company's Limavady site Economy Minister Conor Murphy ...
19/11/2024

SDLP Infrastructure Spokesperson Mark H Durkan has urged the Minister and the Executive to take immediate action to address problems within Northern Ireland Water. Mr Durkan warned that the current state of the wastewater system is creating significant delays for infrastructure projects across ...
19/11/2024

Galway City Council will hold a public information evening on affordable housing on Monday, November 25, 2024, from 4pm to 8pm at the Connacht Hotel, Old Dublin Road, Galway. The event will provide an opportunity for the public to learn about how affordable housing operates. Council staff will be ...
Evex LimitedLoocube.ieSiteCrew LTDFinlay Grab HireR Dale Construction LtdDJ Build EstimationsIrish Crane & Lifting LimitedORourke Well DrillingBOLTSANDNUTS.IELitcore LTD
Terms and Conditions
2024/11/21 13:03:25