Raymond MacSharry, Fianna Fáil politician who serves in a range of cabinet positions, most notably as Tánaiste, Minister for Finance, and European Commissioner, is born on April 29, 1938 in Sligo, County Sligo.
MacSharry is educated at the local national school before later briefly attending Summerhill College. After leaving school he works as a livestock dealer throughout Sligo and Mayo before becoming involved in the Meat Exporters Factory in his native town. MacSharry also owns his own haulage firm.
Although MacSharry comes from a non-political family, he himself becomes an active member of Fianna Fáil in Sligo. In 1967 he makes his first move into politics when he secures election to both Sligo Borough Council and Sligo County Council. It was from this local base that he launches his national election campaign.
MacSharry is first elected to Dáil Éireann as a Fianna Fáil Teachta Dála (TD) for the Sligo–Leitrim constituency at the 1969 general election. He is re-elected to the Dáil at the 1973 general election, however, Fianna Fáil are out of power as a Fine Gael–Labour Party government comes to power. In Jack Lynch‘s subsequent front bench reshuffle, MacSharry is appointed opposition spokesperson on the Office of Public Works.
Following the 1977 general election, Fianna Fáil returns to government with a massive twenty-seat Dáil majority. With the introduction of the new Minister of State positions in 1978, MacSharry finally secures a junior ministerial post, as Minister of State at the Department of the Public Service.
Charles Haughey succeeds in becoming party leader after Jack Lynch’s resignation in 1979, albeit by a narrow margin of just six votes, and is later elected Taoiseach by the Dáil. MacSharry’s loyalty is subsequently rewarded when he is appointed Minister for Agriculture in the new government.
Fianna Fáil falls out of power in 1981 but returns to power following the February 1982 general election. MacSharry is promoted to the positions of Tánaiste and Minister for Finance, however, the government falls after just nine months in office and a new coalition government of Fine Gael and the Labour Party take office.
In 1983 MacSharry resigns from the Fianna Fáil front bench due to a telephone tapping controversy, when it is revealed that as Tánaiste and Minister for Finance, he had borrowed police tape recorders to secretly record conversations with a cabinet colleague. He spends a number of years in the political wilderness following the phone-tapping scandal. He is elected to the European Parliament as a Member of the European Parliament (MEP) for Connacht–Ulster in 1984.
Following the 1987 general election MacSharry is returned to the Dáil once again. He resigns his European Parliament seat when he is appointed Minister for Finance in Haughey’s new government. In 1988 his loyalty to Haughey is rewarded when he is appointed European Commissioner. As a result of this he resigns his Dáil seat and ends his domestic political career.
Following the completion of his term as Commissioner, MacSharry retires from politics to pursue business interests. He is currently a director on the boards of a variety of companies including Bank of Ireland and Ryanair Holdings. In 1999 he is appointed chairman of Eircom plc. He is also a member of the Comite d’Honneur of the Institute of International and European Affairs.