Why Britain must participate in the Irish rescue

Discussion in 'Wall St. News' started by ASusilovic, Nov 22, 2010.

  1. Should Britain be contributing to the Irish rescue? John Redwood argues that it would be better to apply the money to helping Ireland leave the euro than to propping is up, and on some level he’s plainly got a point. The mooted £7bn looks a scandalous use of money in the midst of an austerity programme.

    It’s only a loan, but to be lending to others when you are trying to cut borrowing yourself looks daft. The Coalition wouldn’t have to worry about having to share aircraft carriers with France if it had that sort of money to splash around, still less about the political stink caused by the decision to axe child benefit for higher rate taxpayers.

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  2. 70% Irish are working in Services sector for quick and easy money.
    Farming and manufacturing have gone for a toss.