Charles McCreevy, former Fianna Fáil politician, is born in Sallins, County Kildare, on September 30, 1949. He serves as European Commissioner for Internal Market from 2004 to 2010, Minister for Finance from 1997 to 2004, Minister for Tourism, Transport and Communication from 1993 to 1994 and Minister for Social Welfare from 1992 to 1993. He also serves as a Teachta Dála (TD) for the Kildare constituency (and later the Kildare North constituency) from 1977 to 2004.
McCreevy is educated locally at Naas by the Congregation of Christian Brothers, and later at the fee paying Franciscan Gormanston College. He studies Commerce at University College Dublin and goes on to become a chartered accountant. His family background is modest, his father and ancestors since the late 18th century are lock-keepers on the Grand Canal, a job carried on by his mother after the death of his father, when McCreevy is four years old.
McCreevy’s political career begins with when he wins a seat in the Kildare constituency at the 1977 Irish general election, which is a landslide for Charles Haughey‘s supporters in Fianna Fáil and he is re-elected at every subsequent election until he joins the European Commission. Between 1979 and 1985, he serves as an elected member of the Kildare County Council.
In the 1979 Fianna Fáil leadership election, McCreevy strongly supports the controversial Charles Haughey, who narrowly wins the post. However, in a time of severe budgetary difficulties for Ireland, he soon becomes disillusioned with the new Taoiseach and his fiscal policies. In October 1982, he launches a motion of no-confidence in the party leader, which evolves into a leadership challenge by Desmond O’Malley. In an open ballot and supported by only 21 of his 79 colleagues, the motion fails and McCreevy is temporarily expelled from the parliamentary party.
In later years O’Malley is expelled from Fianna Fáil itself and forms the Progressive Democrats (PDs), espousing conservative fiscal policies. Although considered ideologically close to the PDs, and a personal friend of its erstwhile leader, Mary Harney, McCreevy chooses to remain a member of Fianna Fáil, where he eventually serves in joint FF-PD Governments.
For his first 15 years as TD, while Haughey remains leader, McCreevy remains a backbencher. In 1992, Albert Reynolds becomes Taoiseach and McCreevy is appointed Minister for Social Welfare. In this role, he is principally remembered for a set of 12 cost-cutting measures, collectively termed the “dirty dozen”, which are arguably minor in their direct impact but provide a major political headache for his party in the 1992 Irish general election.
In 1993, McCreevy becomes Minister for Tourism, Transport and Communication, which he holds until the government falls in December 1994. In opposition under new Fianna Fáil leader Bertie Ahern, he is appointed Opposition Spokesperson for Finance. In this role he is viewed as actively pro-enterprise, anti-spending and a key advocate for tax cuts.
In 1997, Fianna Fáil returns to power and McCreevy becomes Minister for Finance. His period coincides with the era of the “Celtic Tiger,” which sees the rapid growth of the Irish economy due to social partnership between employers, government and unions, increased female participation in the labour force, decades of tuition-free secondary education, targeting of foreign direct investment, a low corporation tax rate, an English-speaking workforce only five time-zones from New York City, and membership of the European Union – which provides payments for infrastructural development, export access to the European Single Market and a Eurozone country. He is a consistent advocate of cutting taxes and spending.
In 2004, McCreevy is selected by the Government of Ireland to replace David Byrne as Ireland’s European Commissioner. He is appointed to the Internal Market and Services portfolio, by President of the European Commission José Manuel Barroso. At his confirmation hearings in the European Parliament MEPs describe him as “fluent and relaxed.” He also informs them that he has campaigned for the ratification of every European Treaty since 1972.
In October 2007, McCreevy, commenting on the Northern Rock bank’s loss of investor confidence, claims that banking regulations in the UK, which forces banks to be open to scrutiny from outside investors, caused the panic. He says if access to the banks dealings had been restricted, then the trouble could have been avoided.
Irish constitutional law requires a referendum to alter the constitution for such a major change as the adoption of the Treaty of Lisbon. Interviewed beforehand, McCreevy says that he has not read the Treaty in full himself, though he understands and endorses it. The referendum is held on June 12, 2008 and the Irish electorate does not approve the Treaty. He is heavily criticised in the European Parliament and by the leader of the Socialist group in the European Parliament, Martin Schulz, who demands on June 17, 2008, that McCreevy be removed as a European Commissioner. Schulz slightly misquotes McCreevy, whom he stated had contributed to Ireland’s rejection of the Treaty of Lisbon with remarks during the referendum campaign that no “sane person” would read the document.
Following McCreevy’s departure from the commission, he is forced to resign from the board of a new banking firm, NBNK Investments, after an EU ethics committee finds a conflict of interest with his work as a European Commissioner in charge of financial regulation.