Saturday, 10 November 2012 08:43
'Despite the fact that the Irish people are currently enduring endless austerity and cutbacks, exports are booming. The Irish Exporters Association (IEA) reports a 10 percent rise in the export of goods and services in Ireland between July and September compared to the same period a year ago. Exports are set to hit a record €183.7bn this year and with the corporate tax rate at 12.5 per cent business elites are doing nicely in Ireland. Meanwhile, the Irish government is handing out a large percentage of the budget to unsecured bondholders to the tune of €18 billion this year with a couple of billion more to go before year’s end. According to Diarmuid O’Flynn writing in his blogbondwatchireland.'
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