Dáil debates
Wednesday, 3 June 2020
Covid-19 (Foreign Affairs and Trade): Statements
7:30 pm
Cian O'Callaghan (Dublin Bay North, Social Democrats) | Oireachtas source
Does the Tánaiste believe the €750 billion package is sufficient? State aid rules are being suspended with about €2 trillion going in from governments in state aid, and half of that - €1 trillion - going in from the German Government. This entire €750 billion spread across the EU would be less than the state aid by one country, Germany. Does the Tánaiste have concerns about how that affects economically weaker countries in the EU? In the Irish case compared with the €1 trillion in state aid that Germany is putting in, given the level of stimulus we need and the level of support we need to give small and larger businesses, is €2 billion from this fund sufficient?
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