It’s nice when everyone starts agreeing with you. On Tuesday this column said that the real reason why Ireland does not want EU support is because she does not want to be forced to reduce corporate tax. In this morning’s news, just about all analysts seem to have started to say the same thing.
Mind you, the CBI has gone one step further and has come up with some quite brilliant analysis. John Cridland, Director-General Designate, said: “Ireland is not Greece.”

Clever, huh? His sagacity continued: “This is a banking not a fiscal problem.”
Well, he is right. He is new in the job, so maybe we have to forgive him for saying something that is just a tad obvious.

See: Germany talks tough, Ireland teeters – Is the Euro the problem? – for our analysis earlier this week on Ireland, its banks and corporate tax.


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