Oireachtas Joint and Select Committees

Thursday, 16 October 2014

Joint Oireachtas Committee on European Union Affairs

Mid-term Review of Europe 2020 Strategy: Discussion (Resumed)

3:20 pm

Ms Barbara Gerstenberger:

Exactly. The whole EU budget is 1.32% of GDP.

The sum is far too small to really make a difference. There is not a whole lot of solidarity, which is another requirement, between member states. It is one thing to redistribute money. It is another to support and foster demand if one is doing well economically and see that other countries do not have room for manoeuvre. Members know to whom I am referring.