Ireland has been excluded from the EU budget for a decade due to its refusal to contribute to the bloc’s common external debt and financial policies.
But now, with the European Central Bank now in control of the Irish economy, the Irish government is facing the prospect of having to decide whether to stay or leave the EU.
The Government says it wants to continue to participate in the common external debts and policies of the EU, and is not opposed to a deal to reduce the country’s deficit.
It is a position backed by the Government, and supported by the Irish Chamber of Commerce and Industry, which has been lobbying the Government to stay in the union for years.
However, the EU is now negotiating a new budget with the Irish Government, which is now being considered by the EU Commission.
The Irish Government says that while the EU can reduce its deficit, Ireland cannot.
In a recent interview with the RTÉ’s The Politics podcast, Minister for Finance Michael Noonan said that the Government would have to make a decision in the coming weeks.
We have no choice, the minister said.
“There are two very different options for us.
The minister said that if Ireland chose to stay, the Government was prepared to work with other member states, but not with the ECB. “
We can choose to stay with the EU but we have no control over it, and so there is a possibility that we might have to either withdraw or reduce our contribution to the EU Budget.”
The minister said that if Ireland chose to stay, the Government was prepared to work with other member states, but not with the ECB.
The Minister also said that while Ireland was “fully aware” of the impact of a reduction in its EU contribution, he would not be putting any of his own money into the Irish budget.
He said that Ireland had been in the budget for three decades, and that the government would work with the public and the media to ensure that the budget remained balanced.
He added that he had already met with members of the Government in Brussels to discuss this issue.
“I want to reassure the people of Ireland that I will continue to do everything I can to maintain our budget,” Mr Noonan added.
But the Minister has come under fire for not doing enough to help Irish businesses and consumers in the run up to the budget deadline.
In the past week, the National Farmers’ Union (NFU) has said that it would not back a move to leave unless Ireland committed to paying a €10bn debt to the ECB that the Irish Bank Resolution Corporation (IBRC) took out.
However a number of business groups, including the Association of Small Businesses, have said that this would be a “very bad idea”.
A spokesperson for the National Farm Council said that farmers would need to have the necessary certainty to plan ahead.
“If we are going to have a successful transition to a more competitive economy and a sustainable business environment, we need to make sure that farmers and small businesses can be confident about their investments and can make informed decisions on whether or not they wish to remain in the European Economic Area,” he said.
The spokesperson also said the Farmers and Businesses Council had not yet received a formal offer to join the new EU budget.
However it has said it would consider whether to apply for membership if it was the case that it was in the best interests of the sector.