Seanad debates

Wednesday, 12 March 2003

Convention on the Future of Europe: Statements.

 

The Deputy will say it is not intended to go in that direction but some people are concerned about the loss of national sovereignty, particularly with regard to subsidiarity. In 2001 the European Union was able to block a merger between two large American companies, GE and Honeywell. It frightened even those outside the European Union that it was capable of blocking the merger of two worldwide, although they are American, companies. I am sure it was correct to do so. However, it was that type of threat which reminded many of us of the dangers. Senator McDowell spoke about the tax harmonisation danger. It might be something we would welcome in a few years when Latvia or some other country is undercutting Ireland, but not at this stage. Will we be able to protect ourselves in the Convention and the new constitution against some of these new trends?

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