Thursday 17 March 2011 | Website Feed | All feedsSign in or register--> By Daniel Hannan Politics Final up-to-date: November 18th, 2010 Comment on this Comment on this short article Spot the main difference concerning slaughtering civilians at Drogheda and providing preferential loans Irish officials in Brussels are reportedly calling it the “Oliver Cromwell Package“. That silly phrase partly reflects the atavism of a certain kind of Irish Europhile: anything that Britain does to Ireland – even supplying it money – is part of a wicked plot. But it also reflects a justified concern about the loss of national independence. As the normally understated Irish Times put it in an editorial, “Having obtained our political independence from Britain to be the masters of our own affairs, we have now surrendered our sovereignty to the European Commission, the European Central Bank, and the International Monetary Fund.”
And for what? The rescue package won’t tackle the underlying problem, namely that EU monetary policy will almost always be wrong for Ireland. At best, the bail-out will allow Ireland to limp along until the next time its cycle diverges from the Continent; at worst,
Office Home And Student 2010, it will worsen the Republic’s situation by removing one of the few advantages it still enjoys: competitive tax rates. Eurocrats have always resented what they call Ireland’s “harmful tax competition”. As they see it, successive Dublin administrations took EU subsidies and then recycled them into cuts in indirect and corporate taxes. As Nicolas Sarkozy put it, the Irish were a bunch of “cons“, who had been stuffing their faces at Europe’s expense. But, as we can now see,
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Should Britain join the rescue package? Not if its purpose is to salvage the euro. We wouldn’t simply be wasting our money; we would be putting it to actively harmful use, trapping Ireland in her present discontents. There is a far better way in which we could help our neighbours,
Office Professional Plus 2010, namely to offer them this practical alternative. Mark Reckless,
Microsoft Office 2007 Key, whose grandfather was a Fianna Fáil TD, raised the idea in the House of Commons today. Our Irish cousins don’t have to choose concerning bankruptcy and subjugation: they could export their way back to growth.