Ireland again under EU pressure

The EU is at it again. Last time it fixed its gaze upon Ireland it was to frighten, cajole and bribe the population into voting to ratify the Lisbon Treaty. The motives were entirely selfish. This time the EU is trying to pressure the Irish government into taking a €77 billion bailout package – again for entirely selfish motives because the EU is desperate to appear relevant and essential to member states.

Once again we see the media used to paint the Irish into a corner, with EurActiv keeping the flame burning by declaring that ‘Ireland does not rule out using EU bailout fund’. But the Irish disagree as the Irish Times carries the news that ‘Ministers claim fiscal plan, budget negate bailout need’.

The overlords in Brussels will not rest until Ireland is again beholden to them by taking the bailout. The dirty tricks are already being played and the EU is determined to browbeat the ungrateful serfs into submission. Nasty stuff.

5 Responses to “Ireland again under EU pressure”

  1. 1 Agincourt 15/11/2010 at 11:58 am

    The real reason is that if Ireland is not financially beholden to the EU by having been bailed out financially by the EU, then Ireland could decide to leave the euro – the EU’s favourite construct. And if any one country in the current crisis left the euro successfully, others (probably including some whose economies are still reasonably OK), would probably follow too. And then the euro would be stuffed.

    So by forcing the weaker euro members to pay back what they owe to European banks, so that these countries can only survive through the generosity of EU bailouts, they cannot leave the euro. If they really tried to, EU pressure on them would be enormous – almost certainly including threats of expulsion from the EU.

  2. 2 David Lonsdale 15/11/2010 at 3:25 pm

    There is another reason the EU would push Ireland into a corner. The French in particular have never liked the fact that Ireland’s Corporation tax is only 12%. Indeed it was the low level of this tax which attracted so many overseas investors to the island. A condition of the bailout would be that Ireland raise their level of Corporation Tax. Such a move would have a very negative effect, but that does not worry the French.

  3. 3 jameshigham 15/11/2010 at 5:41 pm

    Yes, they only have themselves to blame for being so stupid to believe the EU and vote yes second time around. Now we’ll part pay for them.

  4. 4 Tufty 15/11/2010 at 8:32 pm

    I imagine the ECB sees Ireland as an EU region, not an independent state. It’s an opportunity to remind the Irish that this is in fact the case. And as jameshigham points out above, they voted for it.

  1. 1 Comments On The Euro | The Albion Alliance presents Trackback on 17/11/2010 at 2:49 am
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