Current Affairs EU In or Out

[peteblue]

Taking nationalism and history out of the equation, here are some reasons why Ireland leaving the EU is a bad idea.
In order for Ireland to leave with the UK, Ireland would have to commit to a common market and tied currency with the UK. We would essentially have to leave the Euro and join Sterling. Any trade deals would probably end up being negotiated on Ireland's behalf from London as Ireland on it's own wouldn't have the clout. At least in Europe, there's strength in numbers when it comes to smaller nations.
Then there's foreign direct investment in Ireland. There are a large number of tech and pharma companies from the States that are headquartered in Ireland, mostly due to taxes but also due to Ireland being the only anglicized member of the Eurozone. If Ireland leaves the EU, it loses a lot of FDI which won't be replaced by British firms.
The Irish are a migratory people, we live all over the place, leaving the EU would severely restrict our ability to live anywhere in the continent. We already have a reciprocal agreement with the UK so by being in the EU we, essentially, have the best of both worlds.
If you read the headlines about David Drumm today, you'll see that without European intervention, we could well have bankrupted our country by ourselves 10 years ago. I'm no fan of the troica or how Irish citizens were left on the hook for the sins of the banking class but, with the EU, there was a safety net of sorts.
I personally feel that during the hard times of the 80's, the EEC stepped in big time to aid with infrastructure, education and culture. Again, should Ireland fall on hard times, there's strength in numbers in Europe. That's the whole point of it.

And yet before the existence of the EU, the ROI wanted to be on its own, in a big world, and managed to exist.......

 

[peteblue]

Oh dear.

My point was, it will not happen. The logic is exactly the same as NI joining the single market. It works both ways you see.......or maybe you don’t.......

 

[Ruairi77]

And yet before the existence of the EU, the ROI wanted to be on its own, in a big world, and managed to exist.......

Economically, The Irish Pound was tied to Sterling until joining the EMS in 1979. So no, economically, we never went alone. It wouldn't have made sense for a nation of 4 million people, I'd say it makes even less sense today.

 

[Ruairi77]

My point was, it will not happen. The logic is exactly the same as NI joining the single market. It works both ways you see.......or maybe you don’t.......

except one of these scenarios has been agreed to by the UK Brexit negotiators and the EU.

 

[peteblue]

except one of these scenarios has been agreed to by the UK Brexit negotiators and the EU.

Nothing is agreed until everything is agreed according to the EU.......

 

[Ruairi77]

Nothing is agreed until everything is agreed according to the EU.......

I think that was Reese Mogg.

 

[peteblue]

Economically, The Irish Pound was tied to Sterling until joining the EMS in 1979. So no, economically, we never went alone. It wouldn't have made sense for a nation of 4 million people, I'd say it makes even less sense today.

Until the Eu do their tax harmonisation .........

“A shake-up of European tax rules to standardise the way corporation tax is calculated would be a more serious threat to Ireland than Brexit, the head of the State's budgetary watchdog has warned.

European Commission President Jean-Claude Juncker wants to see the so-called Common Consolidated Corporate Tax Base (CCCTB) plan pushed through without requiring the agreement of all member states.

In his published State of the Union address yesterday, he said he wanted it implemented via qualified majority voting (QMV), rather than by the unanimous agreement of all countries.

But the Government here is opposed to the CCCTB plan, amid concerns it would undermine the competitiveness of the 12.5pc corporate tax rate that has helped make the country a favourite European base for US multinationals.

Mr Juncker is "strongly in favour of moving to qualified majority voting for decisions on the Common Consolidated Corporate Tax Base, on VAT, on fair taxes for the digital industry and on the financial transaction tax".

He added: "Europe has to be able to act quicker and more decisively."

But Fiscal Advisory Council chief Seamus Coffey said the introduction of CCCTB would be "more serious" than Brexit for Ireland. “.......

 

[peteblue]

I think that was Reese Mogg.

I think you’ll find it was David Davis in response to a previous EU comment......

 

[Ruairi77]

Until the Eu do their tax harmonisation .........

“A shake-up of European tax rules to standardise the way corporation tax is calculated would be a more serious threat to Ireland than Brexit, the head of the State's budgetary watchdog has warned.

European Commission President Jean-Claude Juncker wants to see the so-called Common Consolidated Corporate Tax Base (CCCTB) plan pushed through without requiring the agreement of all member states.

In his published State of the Union address yesterday, he said he wanted it implemented via qualified majority voting (QMV), rather than by the unanimous agreement of all countries.

But the Government here is opposed to the CCCTB plan, amid concerns it would undermine the competitiveness of the 12.5pc corporate tax rate that has helped make the country a favourite European base for US multinationals.

Mr Juncker is "strongly in favour of moving to qualified majority voting for decisions on the Common Consolidated Corporate Tax Base, on VAT, on fair taxes for the digital industry and on the financial transaction tax".

He added: "Europe has to be able to act quicker and more decisively."

But Fiscal Advisory Council chief Seamus Coffey said the introduction of CCCTB would be "more serious" than Brexit for Ireland. “.......

so you're just going to ignore the fact that NI staying in the single market is clearly not the same as RoI leaving
or that your quote was from the Brexit campaign, not the EU
and as to your last post, if Ireland was to leave the EU and throw her lot in with the UK (again) what makes you think the UK wouldnt want tax harmonization.

 

[Ruairi77]

I think you’ll find it was David Davis in response to a previous EU comment......

 

[Ruairi77]

and even if Davis said it too, he's mr. Brexit. so your point is void!

 

[peteblue]

so you're just going to ignore the fact that NI staying in the single market is clearly not the same as RoI leaving
or that your quote was from the Brexit campaign, not the EU
and as to your last post, if Ireland was to leave the EU and throw her lot in with the UK (again) what makes you think the UK wouldnt want tax harmonization.

It wouldn’t matter. The U.K. believes in lower taxation anyway, this is what the EU is afraid of and why they are trying to stitch us up. The ROI can obviously do as it wishes and will almost certainly remain in the EU. But it only joined because the U.K. did. Now it has the EU as a market, and I’m pleased for it, but when deals are done, no one in Europe will give a toss about the ROI and the effect upon it, because it won’t have a voice once Brexit is concluded.........

 

[Ruairi77]

It wouldn’t matter. The U.K. believes in lower taxation anyway, this is what the EU is afraid of and why they are trying to stitch us up. The ROI can obviously do as it wishes and will almost certainly remain in the EU. But it only joined because the U.K. did. Now it has the EU as a market, and I’m pleased for it, but when deals are done, no one in Europe will give a toss about the ROI and the effect upon it, because it won’t have a voice once Brexit is concluded.........

ok so we're just going to skip over the Rees Mogg quote
and move past the fact that there's no similarity between NI staying in the single market and RoI leaving the EU.

as to your latest ramble, are you saying that Ireland wont have a voice post Brexit?

 

[peteblue]

ok so we're just going to skip over the Rees Mogg quote
and move past the fact that there's no similarity between NI staying in the single market and RoI leaving the EU.

as to your latest ramble, are you saying that Ireland wont have a voice post Brexit?

Rees Mogg did not originate the quote, he merely repeated it. The NI remaining in the EU is exactly the same as the ROI joining the U.K., you just can’t admit it.

The ROI will not have a voice in the EU, they are moving towards majority vote and the ROI, with its population of 4 million, was always reliant on the U.K. pushing its corner. No one else really cares about you, you are a Malta, and have no discernible voice or clout. To think otherwise is naivety of the highest order......

 

[Tubey]

Rees Mogg did not originate the quote, he merely repeated it. The NI remaining in the EU is exactly the same as the ROI joining the U.K., you just can’t admit it.

The ROI will not have a voice in the EU, they are moving towards majority vote and the ROI, with its population of 4 million, was always reliant on the U.K. pushing its corner. No one else really cares about you, you are a Malta, and have no discernible voice or clout. To think otherwise is naivety of the highest order......

I thought the UK had no power in Europe and we were bullied mate?