Irish reunification ‘could be worth €35.6 billion’ | Latest Newry News, Newry Sport and Newry Business for Newry City

Irish reunification ‘could be worth €35.6 billion’

Sinn Féin Newry and Armagh MLA Conor Murphy has welcomed an independent study which shows that Irish Unity would be economically beneficial for both jurisdictions on the island.

ireland8The study finds that reunification would increase GDP both north and south and bring some €35.6 billion Euro over eight years into the country.

The Newry MLA said, “The report, “Modeling Irish unification,” produced by KLC – Consulting for Tomorrow, presents three unification scenarios, each with increasingly positive economic benefits for both the north and south of Ireland.

“In every case, the authors concluded that political and economic unification would likely result in a sizable boost in economic outcomes and incomes in the North and a smaller boost in the South.

“The most aggressive unification scenario estimates a boost in all island GDP of €35.6 billion Euro over eight years. In my view, this report is an important contribution to the debate on Irish Unity and is in line with the view held by Sinn Féin that a united Irish Economy will deliver economic growth and prosperity across this island.

“While opponents often claim that we cannot afford to be united, the simple reality is that we cannot afford to be partitioned. The human price of partition is too high to pay. A united Ireland is achievable, affordable and deliverable. We would all be better off economically, socially and politically in a United Ireland,” he added.

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Posted by on Nov 20 2015. Filed under News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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