Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-16-Speech-3-186-000"
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"en.20111116.18.3-186-000"2
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"This is yet another report on the mobilisation of the European Globalisation Adjustment Fund (EGF), this time for Ireland. This is the 20th application to be examined under the 2011 budget, and it refers to the mobilisation of a total of EUR 21 664 148 from the EGF. The application relates to 3 382 redundancies, 2 228 of which are targeted for assistance, in 1 560 enterprises operating in Division 43 (‘specialised construction activities’) during the nine-month reference period from 1 July 2009.
It is situations like this that, in the country that they have been touting as a success story and is one of the victim countries of the programmes of the International Monetary Fund and EU, have led to tens of thousands of people leaving the country every week in search of work elsewhere. This is reminiscent of other waves of emigration which took place in other dark periods in Ireland’s history.
The Irish Government says that the credit crisis has severely affected Ireland’s banks, with further effects on mortgage loans and construction activity in the country. When the crisis hit, the share of those employed in construction in Ireland dropped from 12.25% in the fourth quarter of 2007 to 9.2% in the first quarter of 2009 and 6.25% in the third quarter of 2010."@en1
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