Thursday, November 18, 2010

The Tyranny Question that will not go away!

French finance minister, Christine Lagarde, was interviewed on the BBC Today programme this morning and repeatedly asked whether Ireland would be 'permitted' to retain its 12.5% Corporation Tax rate. She repeatedly refused to offer an answer. The interview may be heard from here. The entire four and a half minute interview is worth listening to but the crucial portion on economic sovereignty comes at the three minute point. The 'shrewd' question that was refused to be answered was the following as paraphrased by the blog editor: "But can you see the possibility of a bailout being agreed that did not include a change in Iraland's corporation tax rate?"

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