IT WAS REVEALED during the week that Ireland, which you may recall is currently in a bailout programme, is to contribute an additional €90 million to the European Union to help plug a shortfall in its 2013 budget. The €7.2 billion deal for the year doesn’t even cover the whole overrun, which is €11.2 billion in all at a time when the EU is standing on member states’ heads to reduce their deficits. It’s rather ludicrous to consider that we will in effect be borrowing €90 million from the troika, two thirds of which is branches of the EU, to give back to Europe.
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