Ireland 'stealing business' from other countries says expert
Published Sunday, July 4, 2010, 9:24 PM
Updated Sunday, July 4, 2010, 9:24 PM
Ireland is entirely to blame for its current economic situation, says Thomas Geoghegan in the New York Times.
“On Independence Day, we should think of all the countries that have lost their independence to the global banks.”
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trigger | Jul 10, 2010, 03:35 AM EDT
Wow, I know the country is in bad shape but its rising fast with the hard decisions Brian Lenihan took in the last budget and our exports have risen 15% over the last 12 months add in the dollar and sterling strengthing against the euro has shown recently that we are heading in the right direction faster than all of our EU colleagues. Maybe I'm a bit biased but there seems to be a lot of putting Ireland down recently in the New York Times some deserved but more just kicking when we are down.
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wardy43 | Jul 09, 2010, 11:50 PM EDT
Geoghegan is no idiot! He is a highly educated, 61 year old labour attorney and author. He appears, as we say at home, to have "lost the run of himself". Perhaps the reality that the labour movement in the US has declined all through his working life, has motivated him to branch out into other areas. Like many of the "intelligentsia", he believes that he is and expert in all fields!
It would suit him better to devote his efforts toward fixing the problem in his own country. The Germans are very capable of speaking for themselves and looking after their own interests. It is very apparent to me that Geoghegan despite his name, has very little knowledge of modern Irish history and the challenges it faced following independence. If he is really concerned with countries "stealing business" he should direct his attentions toward China, rather than a tiny country like Ireland. His article had a demeaning and condescending tone that makes me wonder what his real agenda is.
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Conjoly | Jul 04, 2010, 10:48 PM EDT
All very dramatic but has little to do with reality. Ireland is a member of the EU and is part of the Eurozone. Those memberships come with rights and responsibilities, which Ireland will fulfill as any other member does. It's got nothing to do with an entire nation going 'cap in hand' to anyone.
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citizen69 | Jul 04, 2010, 06:55 AM EDT
Successive governments in the Republic of Ireland have always looked towards Europe & USA with cap in hand, and what have they ever gave in return for this generosity?
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shuvonn | Jul 03, 2010, 05:28 PM EDT
When you join an economic community you can and should be able to depend on them during bad times. IF it was illegal to have lower taxes as most likely it may be now with the passing of the Maastricht and Lisbon treaty then Ireland would have been taken to task by the EU prior to this person who obviously does NOT understand that Europe (members of the EU who have signed up to those treaties AND participate in the euro) is similiar to the US now, and does function as a UNIT as opposed to singular countries.
Lets face it the US companies took FULL advantage of the tax free years in Ireland then TOOK OFF without paying a penny taxes there, so Geoghan does not know what he is talking about and his opinion is just that AN OPINION and and ILL informed one at that...
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WoundedKnee | Jul 03, 2010, 11:02 AM EDT
I don't know who this fellow is, but he's an idiot. Ireland has not run up an external deficit. Ireland's exports are booming--he's ignorant of a basic fact. The problem is the huge welfare burden of supporting the dependents of the throngs of foreign migrant workers and non-workers.
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