It’s very hard to work out what the politicians in Ireland and elsewhere thought they were doing signing the Irish bail out deal this weekend.
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Good grief
Ireland’s fate is sealed. I’m not sure this video is 100% right on the detail, but it’s a lot closer than most mainstream commentary:
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The word is out – default is on the agenda
The word is out that Ireland’s recovery package is bound to fail. Bond yields have risen again today. And now the New York Times says:
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Cross-political MEPs call for minimum common corporate tax rate of 25% as necessary for EU solidarity
A cross-political alliance in the European Parliament has called for the introduction of a minimum European common corporate tax rate of 25%. MEPs from the
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I predict a riot
At the suggestion of a commentator here I offer the following: I stress that I do not condone violence, and never will. I do however
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Why business commentators say Ireland’s austerity package won’t work
Ireland’s austerity package is built on hope, but nothing else. I’ve already noted that it will rile the whole of Europe because there’s no move
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Deal over – Ireland doesn’t change its tax rate and so doesn’t deserve our money
As the FT notes: Ireland will cut welfare expenditure, slash the minimum wage, raise income tax and introduce a levy on land and property owners
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Wolf on Ireland
Martin Wolf’s take on the Irish crisis is predictably intelligent. As he says: It was not the public but the private sector that went haywire
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Osborne sticks with his conviction
George Osborne has been under immense pressure in the House of Commons. His move to lend £7 billion to Ireland is deeply unpopular. MPs rightly
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