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EU Commission seeks to reduce Ireland’s ability to provide state aid to attract jobs - Tóibín

29 January, 2013 - by Peadar Tóibín TD


Sinn Féin TD and spokesperson on Jobs Enterprise and Innovation Peadar Tóibín has warned the FG/Labour government to resist the EU's commission’s plans to ‘tighten the provision of state aid’.

Teachta Tóibín raised the issue of state aid at the Jobs, Enterprise and Innovation Committee with the secretary general of the department. Peadar Tóibín stated "2013 offers this country an opportunity to reform state aid regulations that were designed at the heighted of the boom to take into consideration the vastly changed economic situation.

"We have a situation currently where whole swathes of the state are currently prohibited by the EU in providing state aid to attract foreign direct investment. This has significantly disadvantaged a large number of counties such as my own. The regulations were designed in a very different economic environment.

"Shockingly the Secretary General stated that the EU commission has indicated that rather that liberalising state aid opportunities and empowering national governments it seeks to tighten state aid and make it more difficult for governments to tackle disastrous unemployment numbers through the strategic use of state aid. The Secretary General said that ‘the EU are looking to reduce the level of state aid and the number of people that it covers.

"FG and Labour need to use the presidency of the EU to help create jobs in Ireland. If they allow the EU Commission to proceed down this route we will see Ireland lose out to other major regions throughout the world."

ends

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