Saturday 10 December 2016

We'll pay too high a price for EU bailout

Published 16/11/2010 | 05:00

Given the financial mess the country is in, it seems that it is only a matter of time before some financial support is requested from either the EU or the IMF.

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Might I suggest that as Ireland has gotten itself into this mess, Ireland must get itself out of this mess.

The danger is that if this Government acquiesces to the EU's offer of help, the 'payback' to the EU will be to control Ireland's taxation policies -- especially by changing the favourable rate of corporation tax of 12.5pc -- which the central power-base of the EU loathes, mainly Germany, France and Britain (the EU 'cartel'), as they have all lost valuable investment to Ireland due to its low corporate tax rate.

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