Mícheál Martin seeks EU Coronavirus Help, But Returns Fleeced
Aontú leader and Meath West TD Peadar Tóibín has criticised Mícheál Martin on the “disastrous deal” which he negotiated in the EU on behalf of Ireland. An Teachta Tóibín stated;
“Mícheál Martin went to the EU as leader of a highly indebted nation on the eve of a of an economic crisis and got fleeced to the value of €16 billion. The first international action of Mícheál Martin has been to cost each man, woman and child in the country €3,265 each”.
“Ireland is one of the most highly indebted nations in the world per capita. Indeed we are more indebted per person than Greece. Our Debt to GDP ratio is way out of kilter due to effect of distorting effects of Foreign Multinational activity in Ireland. The real picture the is best understood in terms of Debt per Capita or by the Debt to GNI ratio. In these terms Irish public indebtedness is massive both in historical and international terms”.
“It is startling that Mícheál Martin’s first international action for the country was to seek help from the EU to assist this country through what will be an economic storm over the next few years and instead he committed to a net loss to Ireland of €16 billion”.
“This is an absolute scandal. Just 10 years ago Ireland was forced to bail out failed banks to the tune of tens of billions of euro by the EU. We were 1% of the population of the EU and yet we were forced to take on over 40% of the cost of the EU Banking collapse under terms that other countries did not have to endure. We were forced to implement some of the most severe austerity seen anywhere in the western world as a result”.
“Now 10 years later the FF/FG/Green government have signed up to a deal that means that Irish citizens are paying more per capita than any other country other than the super wealth microstate of Luxembourg”.
The Central Banks of other countries have agreed to finance governments directly. Yet the ECB has refused to do this. Our government had not the gumption to even ask for this policy to be reversed even on a temporary bases. Its evident that the Ireland’s policy of being the best boy in the EU class will continue under the new Taoiseach.
