Īru parāds banku glābšanai ir lielāks kā visi saņemtie ES struktūrfondi kopš 1973.gada

Posted on January 17, 2011

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Bailout will total more than the EU ever gave us

Noonan says interest rate must be renegotiated by next government

By DANIEL McCONNELL Chief Reporter,  Irish Independent

Sunday January 16 2011

THE €85bn IMF-EU bailout will come to more than the total amount of payments received since we joined Europe in 1973, the Sunday Independent can reveal.

Fine Gael‘s Michael Noonan said yesterday that this stark fact showed why the interest rate levied on Ireland must be renegotiated and that any new government’s hand will be strengthened by this revelation.

In cash terms, Ireland has received €63.7bn from Europe in various agricultural, social and cohesion funding — far less than the bailout forced on the Irish by Jean Claude Trichet’s European Central Bank in late November.

When those payments are adjusted for inflation, they total €99bn — that is fractionally more than the total cost of the bailout when the penal interest rates are factored in.

When Ireland’s payments to Europe are subtracted, our net receipts from the EU budget amount to €41bn, of which no more than about €20bn could be classified as in any sense discretionary.

In 1973, Ireland received funds totalling just €47.1m from the then EEC, but by 1984 that figure had shot up to more than €1bn a year.

Read more: http://www.independent.ie/national-news/bailout-will-total-more-than-the-eu-ever-gave-us-2498065.html

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