Sorry not allowed post a link but the Guardian have an interesting article on the reasons and reluctance for the "bailout" - title is "Ireland resists calls to seek EU financial aid"
IMHO the EU big-guns (Germany and France) are seeing an opportunity to hit the 12.5% corporation rate, impose budgetary constraints on Ireland and send out a marker to the other € states.
Would this be a bad thing?
With their past history of waste and bad decision making, an imminent by-election and various government back-benchers and independents posturing for position in anticipation of a general election what sacred-cows will the government have to protect in order to make the budget palatable to the TD's who will vote on it.
At least if the EU sent in the IMF to make some tough decisions there will be finality and direction to dealing with the difference between income and expenditure. The government has no moral or electoral mandate to make the tough decisions needed and with parish-pump politics still very much in evidence will not put the national interest first.
A
P.S. the "Phoney War" rumour that I've heard is that the IMF are already here - two Germans and an American!
IMHO the EU big-guns (Germany and France) are seeing an opportunity to hit the 12.5% corporation rate, impose budgetary constraints on Ireland and send out a marker to the other € states.
Would this be a bad thing?
With their past history of waste and bad decision making, an imminent by-election and various government back-benchers and independents posturing for position in anticipation of a general election what sacred-cows will the government have to protect in order to make the budget palatable to the TD's who will vote on it.
At least if the EU sent in the IMF to make some tough decisions there will be finality and direction to dealing with the difference between income and expenditure. The government has no moral or electoral mandate to make the tough decisions needed and with parish-pump politics still very much in evidence will not put the national interest first.
A
P.S. the "Phoney War" rumour that I've heard is that the IMF are already here - two Germans and an American!