View Irish language version of this page JOIN US DONATE

€352 Million Cut In Irelands Share Of EU Recovery Fund Unacceptable

Aontú Leader & Meath West TD Peadar Tóibín has criticised the EU for cutting Ireland’s share of the EU Recovery Fund by €352 million, and queried how the Irish government failed to protect Ireland’s interests once again.

An Teachta Tóibín:

“Ireland has been over 180 working days in full lockdown. Unemployment stands at around 25%. Our Vaccine Roll-Out is floundering. Whilst Britain announced they had vaccinated over 860,000 people yesterday in record numbers, Ireland is still catching up on missed Vaccine targets from weeks ago. Two Sundays ago, only 301 Vaccine doses were administered across the country. Ireland is last in the EU for state support for many businesses during the pandemic. The Aviation, Hospitality, Tourist, Childcare, and Entertainment sectors are floundering and are on the verge of total collapse."

"Now we are seeing our share of the EU Recovery Fund collapse because ‘our recovery is deemed to better than expected.’ This has been done on the basis of our GDP, however this is a flawed measure to cut the fund upon. GDP is skewed significantly in Ireland due to the activity of the Foreign Multinationals. A significant portion has no impact at all on the domestic economy. So significant is the skew, that Nobel Prize–winning economist Paul Krugman named the distortion on the Irish economy “Leprechaun Economics."

"This measure fails to factor in the quality of that economic growth, the distribution of economic activity, social factors etc. The recovery might be good for Pharma, Tech and Supermarkets, but for the majority of the country, it has been devastatingly painful year.”

“This is within the wider context of Ireland getting a raw deal from Brussels. Lest, we forget the European Commission’s decision to impose a hard border upon Ireland, in its tit-for-tat with the Tories. Or that Ireland was the second highest per capita contributor to the EU budget, secured no rebate on contributions, and failed to prevent cuts to CAP and Pillar II funding. This is in addition to the sacrifice of the Irish fishing Industry to secure a deal between Brussels and Britain. The government must stand up to Brussels and demand a reversal of this cut in our recovery funds and demand safeguards against unilateral actions by Brussels to Ireland’s detriment.”

By Aontú Press | 22 March, 2021

Related Posts

The Irish political system is radically broken

In Ireland the vast majority of elected representatives put a finger in the air to check which way the political wind is blowing. They have one eye on their leaders – seeking brownie points – and another eye keeping their seat safe. If elected reps shut up and do as they’re told, they are promoted; if they stand up for what they believe in, they are demoted. No wonder we have the political class we have. No wonder one point one billion euro is being buried in a hole under the National Children’s Hospital and that Stormont is in stalemate.

Throughout Ireland, many people are now afraid to say what they feel, many are afraid to respectfully engage on a range of different topics. Many feel there is a new censorship and a new political correctness in Ireland, that opposition to the establishment is being deleted.

Respectful opposition is not the enemy. Respectful opposition is a critical element of a functional democracy. Aontú will have the backbone to stand up, without fear, for you.