Saturday August 15, 2020

However much we give, we still get back more from the EU

Ireland’s €1.5 billion annual contribution to the Covid-19 recovery fund is a drop in the ocean next to the vast financial and economic benefits we get from Europe

26th July, 2020
Taoiseach Micheál Martin arriving to attend the fourth day of the EU summit in Brussels last week. He confirmed that Ireland is, and will continue to be, a net contributor to the EU budget. Photo: Anadolu Agency/Getty

The longest EU summit in history finally produced a result last Tuesday morning. It wasn’t perfect by any means, but it was a decent result which allows the bloc to move forward together.

It establishes substantial financial supports to help member states survive the pandemic and, crucially, introduces some burden and risk-sharing among states. The deal now goes to the European Parliament for debate and, hopefully, for approval.

My interest in these negotiations...

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