The macro-economic conditionality proposed by the EU Commission under the next multi-annual financial framework is confined to those EU funds covered by the Common Strategic Framework, i.e. the structural, cohesion, rural development, maritime and fisheries funds. Thus there is no question of a suspension of direct payments to farmers if Ireland fails to meet the macro-economic conditions set.
The conditionality proposal does, however, cover the EU rural development, maritime and fisheries funds, and so these funds will be conditional on meeting the macro-economic requirements.
I should add that there are a number of checks and balances in place to ensure that the ultimate sanction of suspension of payments or commitments is taken only in extreme circumstances.