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Tag Archives: Gerard Kiely

European recovery plan is worth billions to Ireland

SINCE the coronavirus pandemic struck, Ireland and the EU have taken unprecedented measures to protect lives and livelihoods. The EU supported national efforts to tackle the health crisis and cushion the impact of the massive economic hit. It freed up every available euro in its budget and used every inch of flexibility in its economic rules. This helped finance EU safety nets of €540 billion, including the new SURE instrument, to help people stay in work and to support hard-pressed families and businesses. Now is the time for our European Union to look ahead and act together to repair the damage, re-start the economy and build a better and more sustainable future for the next generation. No country in Europe, including Ireland, can do this work alone. We must walk the road together. To this end, the European Commission proposed on May 27 a radical and historic € 1.85 trillion recovery plan. At its core is a €750 billion instrument, …

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