(7 years, 6 months ago)
Commons ChamberI remind my hon. Friend that when it came to the Stormont House talks, it was the SDLP who submitted the papers on a whole community approach to tackling paramilitarism, it was the SDLP who put in a whole enforcement approach to tackling paramilitarism, and, in fact, it was the SDLP who wanted paramilitarism and criminality on the agenda of those all-party talks. It was the DUP who helped to veto that originally. [Interruption.]
We risk getting into whataboutery. In fact, we are probably deeply into whataboutery. I just want to put on the record that at the time I was very critical, publicly and aggressively, of the murder of Robert—
(10 years, 12 months ago)
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Does my hon. Friend agree that substantive amounts of key information and British Army records are stored in the National Archives at Kew that could help bring justice to some of the victims and survivors?
I thank my hon. Friend for that point, which relates not only to Kew, but to other locations as well. Sadly, our hon. Friend the Member for South Down (Ms Ritchie) cannot be with us, as her predecessor, Eddie McGrady, died yesterday. Down the years, Eddie McGrady supported Seamus Mallon in making these very allegations and voicing these concerns.
In touching on those murders, I have in no way decided that they are the worst or the most egregious. I have tried to edit my concerns in this debate to focus on angles of responsibility and irresponsibility on the MOD’s part. I doubt whether the Minister has been briefed on what exactly is in all the documents that the Pat Finucane Centre has unearthed and on which the HET has drawn, but I assure her that the Pat Finucane Centre is more than willing to assemble a thorough compendium of papers for the MOD’s fuller consideration and for the sake of a fuller response from the British Government.
An important process is under way in Northern Ireland that we hope will produce ways to address some of the wider concerns about the past. The Haass process should not be used by the British Government, particularly the MOD, to dodge their responsibility to tell a truth that they denied for so long.
(13 years, 10 months ago)
Commons ChamberSome of us see the euro as a problem and some of us do not. Being in the euro has been an advantage to Ireland for many years. It has become a handicap at present because of the restrictions and constraints, but the eurozone works and has worked very well for many years. In the present crisis it has its handicaps and limitations. Some people are predicting that the eurozone will collapse shortly; I do not accept that, and that is not the view of everybody.
The point I am trying to make is that Ireland’s underlying economy is healthy. Its membership of and involvement in the eurozone is healthy, and in the long-term it will come round and sort itself out. Ireland has a financial crisis—a banking crisis—that was brought about largely by a property bubble and a lack of liquidity, rather than a flaw in the underlying economy. I want to assure people that the money will be paid, in my opinion and assessment, and that in due course—
I thank my hon. Friend for giving way. Lessons will have to be learned, not so much about the euro per se but about the performance of the European Central Bank. There is a serious question to be asked about its insistence on low interest rates for a sustained period. That helped to feed the property bubble in Ireland, despite the valiant efforts of the then Finance Minister to find other ways of getting out of the economy the money that was fuelling the property bubble, such as paying off the national debt, putting big money into the national pensions reserve fund and introducing special savings investment accounts.
I thank my hon. Friend, who puts it better than I could have done.
I want to come on to why international intervention was needed. Ireland did its best at an internal level. It is a small country in a very tough global marketplace, and it did its best to resolve both the banking and the deficit situations internally. However, the interdependence of the modern world, Ireland’s membership of the eurozone and large market movements put some of the solutions beyond internal domestic management. Indeed, as we all know, both the European Union and the eurozone are themselves facing fundamental challenges in devising a fair and equitable response to the financial crisis in other countries.
However, although the domestic measures in Ireland did not prove sufficient, that does not mean they were not necessary. Ireland did its best to solve the situation internally, and only in the end, when nothing more could be done internally, did it resort to international help.
There are major north-south implications within the island of Ireland. All of us in the island of Ireland remain convinced that north-south co-operation is a central element of the push for economic recovery—not just within the Irish Republic but within the north. Indeed, the Prime Minister referred to such matters at Question Time. Despite the difficulties, the Irish Government have maintained some €110 million of investment in the north in various things, including major infrastructure projects of importance to both the north and the south. I am referring to roads and other aspects that are central. All that is important, and works. For the future prosperity of the island economy it is essential to build on the peace that we have achieved and to create the economic opportunities for a new generation.
I wish simply to restate a number of points about the UK’s interest. The UK is strong and robust, as we have discussed in relation to trade and all the rest. Ireland, a small country, accounts for 5% of Britain’s total exports. We are told that the UK exports more to Ireland than to Brazil, Russia, India and China put together. Allowing that to collapse would have an immediate impact on this country. The two economies are particularly linked in Northern Ireland, with two fifths of Northern Ireland’s economy dependent on the Irish Republic. Just as the two economies are linked, the two banking sectors are linked. As other hon. Members have said, the two main southern Irish banks are very active in the north, and to some extent in Britain; they also issue sterling banknotes, so that all has an implication for the whole banking sector. If this banking liquidity crisis had not been sorted out, we could have ended up with 25% or 30% unemployment, not just in southern Ireland, but in the north.