Seanad debates

Thursday, 10 October 2002

Address by President of the European Parliament.

 

The economic analysis for Ireland carried out by the funds does not explain modern Irish growth. Real national income in GNP terms doubled in the last decade and Structural Funds accounted for a very small part of that, perhaps a tenth. How we took off, subject to getting the conditions right, cannot be explained by structural funding. Part of the explanation, however, is the muscular effect of the market access that Ireland has in Europe. When we joined the EEC in 1973 our world-wide exports were worth €5 billion. Last year our world-wide exports were worth €82.5 billion. Subject to our remaining competitive, this is bread and butter we can continue to eat at Irish tables. These figures are not dependent on negotiated Structural Funds but on muscular economics and will continue to increase if we remain competitive.

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