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Forum Member
 
Group: Administrators
Last Login: 01/06/2010 11:16:22
Posts: 37,
Visits: 98
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Question : Why does the EU allow MULTI NATIONALS to close down in Ireland and re locate in the new EU member states? Will this continue if Lisbon is passed?
Answer:
Being part of the EU and the common market has greatly benefited Ireland and has allowed us to trade freely with over 27 other countries without customs or import taxes. It has also helped attract, and continues to attract investment into Ireland from large multinationals.
But unfortunately, the nature of multinational businesses means that they often chose to relocate to cheaper places to do business. Being part of the EU or the ratification of the Lisbon Treaty cannot stop businesses choosing to relocate.
On the upside, the EU recognises the social and economic effects that occur when large multinationals like Dell leave an area like Limerick, and they make an effort to invest in the people who will be directly affected in order to boost their future employment prospects. For example, a video of EU Commissioner for Employment, Social Affairs and Equal Opportunities Valdimir Spidla talking about making €20 for the Limerick area and people affected by the Dell relocation is available here. http://www.youtube.com/talktoeu#play/uploads/19/TRINAZqUaDc
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