Image: Leah Farrell Image: Leah Farrell FINANCE MINISTER PASCHAL Donohoe has said “it’s exceptionally unlikely” that Ireland could bend EU rules on government spending in order to put more money into building homes.
NAMA was set up to bail out Irish banks following the financial crash. It is due to cease operations in December 2025. Since then there have been many calls, including from Sinn Féin, for the same flexibility to be shown when dealing with the housing crisis. Ireland, like every EU member state, is supposed to aim for debt below 60% of GDP and a yearly budget deficit below 3% of GDP. These figures are actually written into the EU treaties.
He said the use of such clauses has been very limited, such as the recent example of the include the Covid-19 pandemic.Speaking at the same press conference on Thursday, an official from NAMA said there is “stringent oversight from the European Commission under state aid”. He also hit out at the Taoiseach for criticising the pace of land transfer from state agencies to the Land Development Agency.
Our politicians spending billions on irish people might win them an election. Our politicians spending billions on anything the EU wants might land them a nice plum job in the EU. These are the choices for our politicians.
it’s not about bending rules. It’s about triggering activity during a economic crisis. This government can bend rules for FF to make itself a charitable entity to allow for €600k raffles. Government have no responsibility and even less accountability. Poor performance.
Did you challenge him on this lie or just reprint what he said?
How is this ass still making decisions for us the people. We need an election now before they do even more damage then they have already FFFGOut Elections2022
Allow people to build more houses in the countryside.
The EU are running the gaff folks , it's becoming more and more apparent on a weekly basis .
Ya see, this is what started the UK wanting to Brexit. Paschald does what Frankfurt decrees. He gets huge money for following orders.
The ESRI don't agree. Of course we can borrow to build housing.
They've no issue with bending EU rules when charging VRT on all vehicles registered in Ireland despite that being against EU rules.
Tell Europe to F**k off !!! What are they going to do, kick us out Or put us on the naughty step ?
Horrible horrible little manchild
Jesus and there’s no end to the money being spent on refugees
Time to look at ireexit. The EU is effective colonising and asset stripping us. We are slaves to franco Germany vulture funds.
The EU have suspended all fiscal rules regarding government spending for another year...again, it's more of what they want to do rather than can do 🙄
Awwwww.. Poor Paschal. He looks gutted. Well tgats that then. Thats the single thing he can do these days, so hes all out of ideas now. Ill bet it keepshim awake at nite 🙄🙄
What a load of BS.
They'll have to send for McAlpine's Fusiliers
Does that include a ban on building units/houses for innumerable Ukranians, or is it just a ban on building homes for Irish citizens?
Jaysus a paltry 13,000 NAMA homes built/financed in 7/8 years🤔. But then its the EUs fault, but we (NAMA) made 30K on each home. This is economic 'gobblebollix'.
Paschald prefers the Irish to be broke than his corrupt politicians Don’t ask him about taxing children shoes 👠 the eu puppet
If not then we will need to rethink our relationship with EU. We might need to veto a few sacred cows until the get sense
👇🏻. Bowing to his masters. Telling them 🇮🇪's sovereignty gone very soon. 💣.
If you call them Covid19 shelters would that get around the 'rules'?
Was called a crazy conspiracy theorists by some dumb liberals when I said EU runs the Irish finances and Irish govt and our budget, its always been out in the open they didn't want to see it
fine gael actively work against working families and their children. Their policies mean no hope of home ownership or raising families. They deprive your children of hope and asper rations. Vote them all out next election.
Can't spend money on our own people, unbelievable. Housing crisis crucifying people but 'our hands are tied'. No one believes you Paschal!
Yet he is VERY happy to 'bend' EU rules when it comes to VRT.
Paschal’s vision for Ireland..
AnotherOne TraitorsAttendWEF
Another example of Paschal Donohoe using an excuse and hiding behind something to justify the fact he simply doesn't want to help the ordinary Irish people. Never any issue doing anything to help cronies though. They change or ignore rules to do that
Let us eat cake
Fact check: Wrong
So what you are saying, we need to leave the EU immediately
Is he a cabinet minister or a frightened little mouse? Grow a pair ffs!
So it’s now EUs fault on lack of housing in Ireland… time to vote this lot out….
EU calls the final shots ..
Why is it that other EU countries can bend the 'rules' but we constantly can't
Says the man that cheerfully hosed 40 billion Covid theatre euros down the drain.
😂 what a disgrace. A trading bloc now telling us how many homes we can build. You lot really have made a mess of all this
Plenty of money to spend on fake refugees and a fake pandemic though!!
Out of europe we need
So where does the money for the Ukrainian refugees come from?
Why is that nothing was impossible with regard to Covid, and seemingly nothing is possible with regard to the housing crisis or cost of living crisis (largely caused by Covid overreaction)? People need to smarten up a little bit.
Well Paschal if that’s the case it may be time to look beyond the EU our citizens are in need of housing This is typical gombeen politics letting big US fund’s buy up the stock so they can fleece our citizens for rent this is not acceptable for our younger population
How convenient Paschald ...how convenient. HowIrelandWorks HousingCrisis Homelessness Homeless
This crisis will finally show everyone who Paschal Donohue is and what he stands for.
How come they can bend the EU rules when it comes to prosecution of places like little_cbd ? But not when it comes to benefit the citizens.. i smell a liar here Paschald
Its time now to start talking about what use is the EU to us anymore. Its like living with your parents, everything provided for in the beginning then nothing. All we get now is them nagging at us. Time to say goodbye.
Because we are not a country anymore 👍🏻
Wasn't charging VRT on cars from Northern Ireland against the EU rules for years, didn't stop them.
Can you invisagate if Paschal is a member of the WEF?
Yes, good man Pascal. Keep paying HAP to prop up US and EU pension funds via Vulture Funds. Grow a pair.
You have no interest, it’s steady as we go!
Yet minister's will get an increase, also junior nurses, nurse's,healthcare assistants will get fuck all.
It's a question of priorities Paschald
We also never bailed out the corrupt banks!
More loyalty to the unelected WEF I’m afraid.
Sovereignty eh!
😂😂😂😂😂-They bend the rules when it benefits the ruling class but when it comes to helping the people….. Piss off you’re on your own!
Irelands strategy in EU negotiations.....
I think this dude gets a kick out of NOT helping the Irish people, every time I hear him speak he comes out with bullshit.
This from the same man who is giving €500 million of illegal State Aid to apartment developers to keep prices inflated?
But they can give 450 million to builders
Are we members or subjects then
What’s the likelihood that plans to give 450 million to developers complies with EU state aid rules and why wouldn’t housing minister answer direct question on that? Rules can be bent for everyone except the ordinary citizen it seems
So the eu are happy enough for Paschald to dish out 80 grand pay rise to a friend
Well, they did 'bend' the rule that said we had to have water charges, and the rule that said Apple had to pay us €13b in back taxes.
*it's exceptionally unlikely that Ireland would have the balls to bend EU rules on government spending in order to put more money into building homes..... There, fixed it.
FFG will vote to spend billions fur the EU. War machine but won't spend it to house the people 😔
._PeterRyan