Ciarán Lynch (Cork South Central, Labour)
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Whether a member state is a benefactor or a contributor it has to contribute to the fund.

The proposal with regard to the financial transactions tax is a means of doing so. Ireland will have to make its contributions to the budget. We will have to wait and see what the agreement is and whether it progresses in Brussels next Wednesday, but the financial transaction tax is seen as a vehicle to assist countries in contributing out of their own resources. Given that we are not signed up to the financial transactions tax, how will Ireland's contributions be made and managed?