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The EU Budget is in a financial strait jacket - Liadh Ní Riada MEP

5 July, 2016 - by Liadh Ní Riada MEP


Ireland South MEP Liadh Ní Riada has hit out at the EU Budget during a debate on the revision of the Multi-Annual Financial Framework (MFF) 2014-20.

Speaking during a debate in the European Parliament, Ms Ní Riada commented,

''First of all the economy is in a mess and it does not appear to be getting any better. And Brexit has, undoubtedly, created waves of uncertainty in Ireland and across Europe.

 "We are stuck in a financial strait jacket which offers no flexibility and what is more worrying, are new trends towards financial instruments without democratic accountability. 

"The MFF Report references the challenges ahead, but going by the current silence of the Commission, I am neither hopeful nor confident that those challenges will be addressed.  

"It's high time that the European commission and Council take a new direction and begin listening to the people.

“They need to stop servicing banks and begin putting real investment into our people. ENDS

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