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Europe will save us
Read more about: Blogging, Economy, Europe, Fianna Fail, Lisbon Treaty
Our economic woes may be at an end - Suzy has the scoop.
The package will be all about the three T’s - ‘Timely, Targeted and Temporary’. It will include proposals for tax cuts, fast tracking of Structural Funds to stimulate growth, and a percentage of GDP (maybe 1% or maybe not) from member states. There will also be consideration of the budget deficit problems that Member states find themselves (a bit of slippage, sliding, etc. but not much more tolerance for that on the Irish side of the house and that’s where the T in Temporary might come in.) Whether cuts, savings or spending already proposed by governments (I’m thinking the ’subprime’ lending scheme in the budget last month) will be seen to contribute to the member state’s contributions remains to be seen.
Our economic woes may be at an end
Not so sure of that
The EU works by taking money from the rich and giving to the poor. Who are they going to take money from in this case? An EU budjetary deficit with EU bonds?
Oh I wouldn’t be sure of economic salvation either Simon!
I don’t think they’ll be taking money from anyone - it’s co-ordinating giving money quicker and states giving their own money that seem to be part of the plan…Documents published next wednesday..
Quick and EU don’t fit in the same sentence often.
“The EU works by taking money from the rich and giving to the poor.”
I don’t think there are any Robin Hood’s in the EU. Judging by results the rich have got richer through financial manipulation, reducing protection for honestly produced goods both from within and outside the EU, privatising public sevices for profit, rendering unions impotent etc. The poor have got the “minimum wage”, mobility, 24 hour working days, 7 day working weeks, debt and insecurity.