Adams: We have to grow our way out of recession

on 11/10/2012 13:26:36

Sinn Féin has launched a new jobs strategy which it says could create 156,000 new jobs.

The party says the jobs could be created by a €13bn investment, funded by the National Pension Reserve Fund, the European Investment Bank and incentivised investment from the private pension sector.

They are proposing a revival of the sugar beet industry, the regeneration of the Cork docklands, regeneration projects in Limerick and Dublin as well as the construction of 100 new schools.

Party President Gerry Adams says the plan has been fully costed and offers an alternative to the government's proposals.

"What we are trying to argue and what we are trying to prove is that there is a better way of dealing with these issues.

"It's based upon that cornerstone position that you can't cut your way out of recession. If you can't cut your way out of the recession, you have to grow your way out of recession."