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IRELAND AT WAR WITH FRANCE OVER DEBT CRISIS

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Post  Panda on Fri 10 Jun - 10:25



Apparently France has demanded more effort from Ireland over the failure of it"s Government to reduce it"s debt suggesting Corporation Tax on
Companies could be increased. Ireland has retaliated asking why the interest on it"s loan from the ECB is 9% whereas Germany"s is just over 4%.
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Post  Angelique on Thu 16 Jun - 2:57

Panda

Maybe these two things are connected. Didn't the EU want Ireland to raise their Corporation Tax but they refused saying it would cause their economic to spiral downwards even more. So maybe they made the interest rate higher to force them to reconsider their stance.
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Post  Panda on Thu 16 Jun - 8:14

Angelique wrote:Panda

Maybe these two things are connected. Didn't the EU want Ireland to raise their Corporation Tax but they refused saying it would cause their economic to spiral downwards even more. So maybe they made the interest rate higher to force them to reconsider their stance.

Yes, I mentioned that in my post. I just wonder where all this money is coming from to bail these Countries out.!!! Is the EU printing it thereby
devaluing the Euro.? All these Bonds being issued by Portugal, Ireland and Greece are paying high rates of interest to try to get investors to buy but
add further strain to their Governments. In a way it can be compared to the dreaded Loan Sharks, lend money at exhorbitant rates of interest to people
desperate to pay their way.
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