Micheál Martin (Cork South Central, Fianna Fail) | Oireachtas source

In relation to the €15 billion to €7.5 billion, which was in the recovery and resilience fund element, there were two tranches on that during the talks, which were extremely difficult talks. The first would have resulted in a reduction of €124 million for Ireland over seven years. The second cut of €2.5 billion, which makes up the rest of the €7.5 billion, would have brought it up to somewhere closer to €200 million over seven years. I went back to the President of the Council and made it clear that was not acceptable to us. We got a special allocation under the MFF of €300 million over the seven years, which will more than adequately cover the proportional allocation we would have got from the fund, which obviously was for 27 countries over seven years. We have dealt with that in terms of the €300 million allocation we received.

In terms of CAP, obviously there will be a calculation of figures between current and constant pricing.

Overall, CAP has been protected. There will be more flexibilities within it.

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