{"id":911,"date":"2020-04-21T15:42:20","date_gmt":"2020-04-21T14:42:20","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/"},"modified":"2020-04-21T15:42:20","modified_gmt":"2020-04-21T14:42:20","slug":"economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/","title":{"rendered":"Economic Response to Covid crisis cannot replicate the mistakes of the last recession"},"content":{"rendered":"<p><strong>Economic Response to Covid crisis cannot replicate the mistakes of the last recession<\/strong><\/p>\n<p>Social Democrats co-leader Ro\u00eds\u00edn Shortall said that today\u2019s economic update from Finance Minister Paschal Donohoe did little more than set out possible scenarios but failed to provide any real detail regarding the Government\u2019s response to the economic fallout of the Covid crisis.<\/p>\n<p>Speaking after the Minister\u2019s press conference, Ro\u00eds\u00edn Shortall said:<\/p>\n<p>\u201cUnsurprisingly it paints a very stark picture of challenges ahead and we know that the cost of responding will be substantial. However, the Minister fails to outline his approach to raising the necessary funding to enable the country to respond appropriately and to say how this will be financed<\/p>\n<p>\u201cThe big question is who will pay for this. We cannot repeat the mistakes of the last recession. People in Ireland had no control over this pandemic &amp; the cost of responding to it must not fall on their shoulders. This is a Europe wide problem and we need a Europe wide solution. It would be entirely unacceptable for the ECB to respond with costly loans and that is why the gov must vigorously pursue the issuing of Euro Bonds, so that Europe can mutualise this very substantial debt.<\/p>\n<p>\u201cThe aim of economic strategy should be to provide an economic stimulus rather than retrenchment and austerity. This can only happen if the ECB provides funding at zero or negative interest rates.\u201d<\/p>\n<p>21st April 2020<br \/>\n[ENDS]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economic Response to Covid crisis cannot replicate the mistakes of the last recession Social Democrats co-leader Ro\u00eds\u00edn Shortall said that today\u2019s economic update from Finance Minister Paschal Donohoe did little more than set out possible scenarios but failed to provide any real detail regarding the Government\u2019s response to the economic fallout of the Covid crisis. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7,264],"tags":[],"class_list":["post-911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","category-roisin-shortall"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Economic Response to Covid crisis cannot replicate the mistakes of the last recession - Social Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/\" \/>\n<meta property=\"og:locale\" content=\"ga_IE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic Response to Covid crisis cannot replicate the mistakes of the last recession - Social Democrats\" \/>\n<meta property=\"og:description\" content=\"Economic Response to Covid crisis cannot replicate the mistakes of the last recession Social Democrats co-leader Ro\u00eds\u00edn Shortall said that today\u2019s economic update from Finance Minister Paschal Donohoe did little more than set out possible scenarios but failed to provide any real detail regarding the Government\u2019s response to the economic fallout of the Covid crisis. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/\" \/>\n<meta property=\"og:site_name\" content=\"Social Democrats\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/socialdemocratsireland\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-21T14:42:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.socialdemocrats.ie\/wp-content\/uploads\/2023\/09\/Roisin-media-ii.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1695\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"ZOO Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@SocDems\" \/>\n<meta name=\"twitter:site\" content=\"@SocDems\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ZOO Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/\"},\"author\":{\"name\":\"ZOO Admin\",\"@id\":\"https:\/\/www.socialdemocrats.ie\/#\/schema\/person\/4aa25e1b0ecfe5e51a2ceab9a9006960\"},\"headline\":\"Economic Response to Covid crisis cannot replicate the mistakes of the last recession\",\"datePublished\":\"2020-04-21T14:42:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/\"},\"wordCount\":257,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.socialdemocrats.ie\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.socialdemocrats.ie\/wp-content\/uploads\/2023\/09\/Roisin-media-ii.jpg\",\"articleSection\":[\"Press Release\",\"R\u00f3is\u00edn Shortall\"],\"inLanguage\":\"ga-IE\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/\",\"url\":\"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/\",\"name\":\"Economic Response to Covid crisis cannot replicate the mistakes of the last recession - Social Democrats\",\"isPartOf\":{\"@id\":\"https:\/\/www.socialdemocrats.ie\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.socialdemocrats.ie\/wp-content\/uploads\/2023\/09\/Roisin-media-ii.jpg\",\"datePublished\":\"2020-04-21T14:42:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/#breadcrumb\"},\"inLanguage\":\"ga-IE\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ga-IE\",\"@id\":\"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/#primaryimage\",\"url\":\"https:\/\/www.socialdemocrats.ie\/wp-content\/uploads\/2023\/09\/Roisin-media-ii.jpg\",\"contentUrl\":\"https:\/\/www.socialdemocrats.ie\/wp-content\/uploads\/2023\/09\/Roisin-media-ii.jpg\",\"width\":1920,\"height\":1695},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.socialdemocrats.ie\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economic Response to Covid crisis cannot replicate the mistakes of the last recession\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.socialdemocrats.ie\/#website\",\"url\":\"https:\/\/www.socialdemocrats.ie\/\",\"name\":\"Social Democrats\",\"description\":\"Change Ireland for the better\",\"publisher\":{\"@id\":\"https:\/\/www.socialdemocrats.ie\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.socialdemocrats.ie\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ga-IE\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.socialdemocrats.ie\/#organization\",\"name\":\"The Social Democrats\",\"url\":\"https:\/\/www.socialdemocrats.ie\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ga-IE\",\"@id\":\"https:\/\/www.socialdemocrats.ie\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.socialdemocrats.ie\/wp-content\/uploads\/2023\/09\/SocDems-logo.png\",\"contentUrl\":\"https:\/\/www.socialdemocrats.ie\/wp-content\/uploads\/2023\/09\/SocDems-logo.png\",\"width\":846,\"height\":358,\"caption\":\"The Social Democrats\"},\"image\":{\"@id\":\"https:\/\/www.socialdemocrats.ie\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/socialdemocratsireland\",\"https:\/\/x.com\/SocDems\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.socialdemocrats.ie\/#\/schema\/person\/4aa25e1b0ecfe5e51a2ceab9a9006960\",\"name\":\"ZOO Admin\",\"url\":\"https:\/\/www.socialdemocrats.ie\/ga\/author\/zoo-admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Economic Response to Covid crisis cannot replicate the mistakes of the last recession - Social Democrats","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/","og_locale":"ga_IE","og_type":"article","og_title":"Economic Response to Covid crisis cannot replicate the mistakes of the last recession - Social Democrats","og_description":"Economic Response to Covid crisis cannot replicate the mistakes of the last recession Social Democrats co-leader Ro\u00eds\u00edn Shortall said that today\u2019s economic update from Finance Minister Paschal Donohoe did little more than set out possible scenarios but failed to provide any real detail regarding the Government\u2019s response to the economic fallout of the Covid crisis. [&hellip;]","og_url":"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/","og_site_name":"Social Democrats","article_publisher":"https:\/\/www.facebook.com\/socialdemocratsireland","article_published_time":"2020-04-21T14:42:20+00:00","og_image":[{"width":1920,"height":1695,"url":"https:\/\/www.socialdemocrats.ie\/wp-content\/uploads\/2023\/09\/Roisin-media-ii.jpg","type":"image\/jpeg"}],"author":"ZOO Admin","twitter_card":"summary_large_image","twitter_creator":"@SocDems","twitter_site":"@SocDems","twitter_misc":{"Written by":"ZOO Admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/#article","isPartOf":{"@id":"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/"},"author":{"name":"ZOO Admin","@id":"https:\/\/www.socialdemocrats.ie\/#\/schema\/person\/4aa25e1b0ecfe5e51a2ceab9a9006960"},"headline":"Economic Response to Covid crisis cannot replicate the mistakes of the last recession","datePublished":"2020-04-21T14:42:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/"},"wordCount":257,"commentCount":0,"publisher":{"@id":"https:\/\/www.socialdemocrats.ie\/#organization"},"image":{"@id":"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/#primaryimage"},"thumbnailUrl":"https:\/\/www.socialdemocrats.ie\/wp-content\/uploads\/2023\/09\/Roisin-media-ii.jpg","articleSection":["Press Release","R\u00f3is\u00edn Shortall"],"inLanguage":"ga-IE"},{"@type":"WebPage","@id":"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/","url":"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/","name":"Economic Response to Covid crisis cannot replicate the mistakes of the last recession - Social Democrats","isPartOf":{"@id":"https:\/\/www.socialdemocrats.ie\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/#primaryimage"},"image":{"@id":"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/#primaryimage"},"thumbnailUrl":"https:\/\/www.socialdemocrats.ie\/wp-content\/uploads\/2023\/09\/Roisin-media-ii.jpg","datePublished":"2020-04-21T14:42:20+00:00","breadcrumb":{"@id":"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/#breadcrumb"},"inLanguage":"ga-IE","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/"]}]},{"@type":"ImageObject","inLanguage":"ga-IE","@id":"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/#primaryimage","url":"https:\/\/www.socialdemocrats.ie\/wp-content\/uploads\/2023\/09\/Roisin-media-ii.jpg","contentUrl":"https:\/\/www.socialdemocrats.ie\/wp-content\/uploads\/2023\/09\/Roisin-media-ii.jpg","width":1920,"height":1695},{"@type":"BreadcrumbList","@id":"https:\/\/www.socialdemocrats.ie\/economic-response-to-covid-crisis-cannot-replicate-the-mistakes-of-the-last-recession\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.socialdemocrats.ie\/"},{"@type":"ListItem","position":2,"name":"Economic Response to Covid crisis cannot replicate the mistakes of the last recession"}]},{"@type":"WebSite","@id":"https:\/\/www.socialdemocrats.ie\/#website","url":"https:\/\/www.socialdemocrats.ie\/","name":"Social Democrats","description":"Change Ireland for the better","publisher":{"@id":"https:\/\/www.socialdemocrats.ie\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.socialdemocrats.ie\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ga-IE"},{"@type":"Organization","@id":"https:\/\/www.socialdemocrats.ie\/#organization","name":"The Social Democrats","url":"https:\/\/www.socialdemocrats.ie\/","logo":{"@type":"ImageObject","inLanguage":"ga-IE","@id":"https:\/\/www.socialdemocrats.ie\/#\/schema\/logo\/image\/","url":"https:\/\/www.socialdemocrats.ie\/wp-content\/uploads\/2023\/09\/SocDems-logo.png","contentUrl":"https:\/\/www.socialdemocrats.ie\/wp-content\/uploads\/2023\/09\/SocDems-logo.png","width":846,"height":358,"caption":"The Social Democrats"},"image":{"@id":"https:\/\/www.socialdemocrats.ie\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/socialdemocratsireland","https:\/\/x.com\/SocDems"]},{"@type":"Person","@id":"https:\/\/www.socialdemocrats.ie\/#\/schema\/person\/4aa25e1b0ecfe5e51a2ceab9a9006960","name":"ZOO Admin","url":"https:\/\/www.socialdemocrats.ie\/ga\/author\/zoo-admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.socialdemocrats.ie\/ga\/wp-json\/wp\/v2\/posts\/911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.socialdemocrats.ie\/ga\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.socialdemocrats.ie\/ga\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.socialdemocrats.ie\/ga\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.socialdemocrats.ie\/ga\/wp-json\/wp\/v2\/comments?post=911"}],"version-history":[{"count":0,"href":"https:\/\/www.socialdemocrats.ie\/ga\/wp-json\/wp\/v2\/posts\/911\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.socialdemocrats.ie\/ga\/wp-json\/wp\/v2\/media\/905"}],"wp:attachment":[{"href":"https:\/\/www.socialdemocrats.ie\/ga\/wp-json\/wp\/v2\/media?parent=911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.socialdemocrats.ie\/ga\/wp-json\/wp\/v2\/categories?post=911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.socialdemocrats.ie\/ga\/wp-json\/wp\/v2\/tags?post=911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}