Ruairi Ó Murchú (Louth, Sinn Fein) | Oireachtas source

That was only the preamble to my preamble. What exactly happened as regards the 2.7%? Like I said, it is not an error of magnitude. I would be interested to know about it. I refer to the European Union and the solidarity shown as regards the vaccines bought for every member state. While we would like it to be further on, it has been somewhat successful. Once again, I assume that reports will ensure due diligence. I suppose from the European Union's point of view a bang for its buck was received.

There could be some interesting reporting relating to certain companies with which there were dealings. Obviously, the European Union has taken out a considerable amount of loans in the past while and we welcome stimulus programmes throughout Europe and see the necessity to keep this going in order that we do not enter a period of recession. What is Mr. Murphy's view of where Europe stands?

A significant conversation is taking place on taxation. People have voiced opinions on what is almost Europe-wide taxation. What is the payback and methodology regarding some of those loans? Where is that conversation at? I would like to address INTERREG funding. We had good news recently regarding the likes of Narrow Water Bridge, which is a vital infrastructural project that would connect north Louth with south Down. It meets many needs regarding connectivity opening the whole area to tourism. Five or six years ago, INTERREG funding of in or around €17.9 million was allocated. Other moneys were also allocated North and South. Obviously, as not all of the i's were dotted and not all the t's were crossed, there was a shortfall and that money was lost. We are at a particular point in that process and everybody is worried about a false dawn and ensuring that all the resources are in place. Has there been much communication from a governmental point of view regarding the possibility of the likes of INTERREG funding? I know the difficulties post Brexit but I imagine that this type of cross-Border project would still fall into that general realm. Can Mr. Murphy give me an update on that?