Posted 4/4/2024, 5:40:56 PM
United Ireland Could Cost €8-20 Billion Annually, Put Pressure on Republic's Economy
- The initial cost of a united Ireland could be €8-20 billion per year to make up for the shortfall between taxes raised in NI and public spending there
- Absorbing NI could put "huge financial pressure" on the Republic of Ireland, resulting in reduced living standards
- Some costs could eventually be offset by benefits of EU integration, but this would take time
- People must decide if they're willing to pay the extra costs, like with German reunification decades later
- One study author disputes the methodology, saying actual costs could be lower with NI economic growth