DUBLIN

 

 Lis Cara Business Centre

Dublin 2

D02 X504

PH: 00353 (83) 386 6022

BRUSSELS

Parlement Européen
Bât. Altiero Spinelli
14 E254
60, rue Wiertz / Wiertzstraat 60
B-1047 Bruxelles

PH: 0032 2 28 45533 

STRASBOURG

Parlement Européen
Bât. Louise Weiss
T08017
1, avenue du Président Robert Schuman
CS 91024
F-67070 Strasbourg Cedex

PH: 0033 3 88 1 75533 

© 2019 Frances for Dublin

  • Frances Fitzgerald

Fitzgerald calls for Lagarde to regain trust of Irish citizens in EU economic policies

Fine Gael MEP for Dublin, Frances Fitzgerald has welcomed today’s vote by the European Parliament to approve Christine Lagarde’s appointment as the new President of the European Central Bank (ECB).


Speaking in the European Parliament in Strasbourg today, she suggested that the incoming ECB President should focus on regaining the trust of Irish people in EU economic policies.


“The ECB will embark on a new chapter with Christine Lagarde. But she faces similar challenges. Trust in EU institutions has remained below 50% since 2008 - a clear sign that the EU is still suffering from the after effects of the financial crisis.


“Irish citizens went through many years of enormous hardship during the crisis - experiencing tax increases, unemployment problems and cuts to services and wages. While we have had some years of sustained economic growth since then, legacy issues still

remain.


“If the ECB is to regain trust and repair the relationship with Irish people, it needs to listen to the concerns of citizens and clearly explain the reasons for any decisions it will make.

“Irish variable mortgage rates are double that of Eurozone average rates. Our banking system is highly concentrated with little outside competition. Ireland needs more support from EU institutions to repair our banking system and to further relieve Irish citizens from the continuous burdens that are still being felt since the financial crisis.”


ENDS

14 views