SEÁN KENNY TD
KEEPING IN TOUCH Spring 2013
Dublin Bay North Constituency
Welcome to the new Dublin Bay North constituency. I will be keeping in touch on a regular basis with updates on local and national issues and also through my website www.seankenny.ie
PROMISSORY NOTES GONE Anglo Irish Bank is dead and the promissory note is buried with it. This is a good deal for our State, economy and people. This is more than just a financial watershed; it is an opportunity for our country and economy to take a decisive step forward into the future our people deserve. When this Government came into office its hand was not strong. While many inside and outside the Dáil demanded that we act when our hand was weak, the Government took a different approach. We knew and understood that we first had to repair Ireland's reputation abroad. We worked hard to do this, explaining what had happened to our country and what the Government would do to put it right. We made clear that while we were willing to deal with our own problems, we were carrying an unacceptable share of other people's mistakes. Over time and with patience and hard work, this message has got through and it is on that basis that we are able to make this announcement today. It has been a long and difficult slog to get to this point but it has been worth it. This package of measures will make a marked difference to Ireland's debt sustainability, our prospects of regaining our economic sovereignty and the process of economic recovery. We will reduce our borrowing requirement by 20 billion over the next ten years. We will reduce our deficit by an annual figure of €1 billion from 2014 onwards. We are tearing up the promissory note and we have wiped Anglo Irish Bank off the map. We are converting the promissory note into long-term bonds which have an average maturity of approximately 34 years. We are bringing far greater certainty to the financial landscape and righting a wrong that was done to the Irish people more than four years ago. This deal is a tribute, in the first place, to the endurance and patience of Irish people who have understood that difficult decisions and sacrifices had to be made to secure economic recovery. This agreement lifts a considerable burden from their shoulders. This new arrangement is not an end in itself but another major step on our way back. As the Taoiseach stated, we have further work to do on the separation of bank and sovereign debt and that work is already underway. This is an important step forward, which shows we are making progress with fixing the economic problems of the country and will succeed.
ACTION PLAN FOR JOBS The Action Plan for Jobs 2013 offers a blue print of the Government's plans to get more people back to work this year. Containing a number of action focused initiatives, which are all geared to create much needed jobs, the Action Plan for Jobs 2013 includes a specific focus on helping to further stimulate profitable industries such as the I.T., Healthcare and Energy sectors. Through the Action Plan for Jobs all government departments and agencies are working together to ensure that we remain focused on our primary goal to create jobs and tackle unemployment. Creating jobs for our people and equipping the unemployed to move into employment will remain top priorities for this Government. I look forward to working with my colleagues in Government to implement the wide range of actions set out in this 2013 Action Plan for Jobs. Remembrance Sunday 2012 Tanaiste and Leader of the Labour Party, Eamon Gilmore TD, attended the Remembrance Sunday commemorations in Belfast last November. In doing so he was the first Minister to accept an invitation to participate in this ceremony. Mr Gilmore laid a laurel wreath at the cenotaph on behalf of the Irish Government. During his visit to Northern Ireland he also attended the SDLP Annual Conference in Armagh, and visited a number of cultural and community projects in West Belfast.
CONTACT SEAN KENNY TD
Address: Dáil Éireann, Kildare Street, Dublin 2 or 44 Woodbine Road, Raheny, Dublin 5 Phone: 01 848 1806 (Home) 01 618 3744 (Dail) Email: info@seankenny.ie sean.kenny@oir.ie Web: www.seankenny.ie facebook.com/SeanKennyTD
@SeanKennyTD
Member of Oireachtas Committees: Transport and Communications; Justice, Defence and Equality