Speaking following the announcement of the EU Leaders’ Summit, Fianna Fáil Director of Elections for the Stability Treaty Referendum Timmy Dooley TD commented, “Fianna Fáil strongly supports the new French President Francois Hollande’s agenda for urgent action on growth including changes to the European treaties.  In our view it is critically important that the Taoiseach use the opportunity presented by the summit on 23rd May to support President Hollande’s agenda.”

Deputy Dooley said: “Fianna Fáil has argued consistently since early last year that Ireland needed to actively push growth measures on the agenda of the Union.

“Thankfully the government has now indicated that it supports the growing consensus throughout the Union to introduce more ambitious measures as a priority.

“At the summit of EU Leaders on May 23rd Ireland should specifically call for action on three key areas:

 

1.   Agreement to a formal negotiation about the role and mandate of the ECB.

2.   A major increase in funding for the European Investment Bank which would be concentrated on employment-intensive projects in states with high unemployment.

3.   An increase in Structural Funds for regions with high unemployment, to include both an overall increase and a reprioritisation of funding between countries.”