Are you right there, Michael? Knowing when no deal is better than a bad deal
There is an increasing amount of talk that Ireland’s new government is prepared to do a deal with its EU partners, exchanging some of the country’s sovereignty in relation to corporate tax in return for a marginally lower interest rate on a portion of Ireland’s debt. This post discusses not only the hypocrisy and economic illiteracy on the part of Ireland’s EU partners as they push for such a move but also the costs to the Irish economy if it happened. Even leaving aside corporate tax revenues, the lost jobs, income and tax receipts make this a terrible deal for Ireland Inc. Read more