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Ní Riada alarmed at the lack of provisions in the EU budget

18 February, 2016 - by Liadh Ní Riada MEP

Sinn Féin MEP for Ireland South Liadh Ní Riada has called for concrete proposals from the Dutch Presidency to ensure that the commission has the financial resources to pay member states.

Speaking in Brussels during the revision of the Multi Annual Financial Framework, Ms Ní Riada said,

“I have consistently called for a revision of the MFF and welcome the process; however we are really approaching a crisis regarding the EU budget. 

“Many member states have not paid their budgetary contribution. This is by in large as a result of a regulation which was implemented last year to allow David Cameron to pay England's €2 billion outstanding debt at his leisure. 

“We still have a deficit of €24billion from the last MFF term 2007 -2013. The delay in payments has a knock on effect which sees vital programs, like LEADER, waiting on payments.  LEADER are still waiting on clarity and the goal posts keep shifting, with no funds forthcoming, many of those individuals and groups dependent on LEADER funding will go under. 

Ní Riada continued,

“We seem to be sleep walking from crisis to crisis, the refugees crisis, the much needed bail out to Greece and the dairy crisis as well as the deficit are all culminating in a perfect storm and unless the Commission deals with this as a matter of priority, we may well see the coffers run dry by 2018. 

“The commission needs to stop the proliferation of ad hoc policies and financial instruments and call for unity of the Budget as well as applying strategic measures to avoid a future shock.” ENDS

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