\"Honoree

Honoree Denis P. Kelleher, founder and chairman of Wall Street Access

Irish Diaspora speaks out on IMF bailout

\"Honoree

Honoree Denis P. Kelleher, founder and chairman of Wall Street Access

Claffey, like many others, believes that Ireland’s low corporation tax is “key to maintaining a safe future.”

Claffey doesn’t place much hope in the Irish politicians.

“History has shown that governments have a short-term outlook on these things, and that the long-term decisions and implications weren’t thought through,” he said.

Earl Hurd of 1-800-FLOWERS, believes that the EU’s persistence on Ireland to accept a bailout package was fueled by jealousy.

“Ireland was bullied into taking that bailout -- the rest of the EU was jealous of the boom in Ireland.  They used this opportunity to level the playing field,” he says.

Hurl believes that the Irish banks should have suffered the consequences of their own actions.

“Sometimes in life, people fail. The Irish government should have let the banks fail, and pay for the consequences, just like with people,” he said.

Mike Hemingway, Business 100 honoree, believes the Irish government and the Irish banks “are in bed together.”

Hemmingway believes that the EU bailout was needed “to bring order to chaos.”

What should the Irish government do now?

“Resign, en masse,” replied Hemmingway.

COMMENTS

Log in with your social accounts:

Or, log in with your IrishCentral account:

Forgot your password ?

Don't have an account yet? Register now !

Join IrishCentral with your social accounts:


Already have an account ?

For Newsletter Subscribers – Draw for 1 Prize on December 31st.

Prize: Your Piece of Ireland – a Square of Land in the heart of the Glens of Antrim, Ireland

More details here (or you can buy a little piece of Ireland directly): http://bit.ly/1zew9ox

Terms & Conditions

Or, sign up for an IrishCentral account below:

By clicking above you are indicating that you have read & agree to our Terms and Privacy Policy.


Make sure we gathered the correct information from you

By clicking above you are indicating that you have read & agree to our Terms and Privacy Policy.


You already have an account on IrishCentral! Please confirm you're the owner.


Our new policy requires our users to save a first and last name. Please update your account: