The Heritage Foundation Ireland agreed in 2008 to Hong Kong and Singapore to economically freest country. Today, the debt 130% of the gross national product. The interest on the $ 130,000,000,000 bailout package will weigh over the years, the country with around 7% per year of national income. So much for the validity of the benchmark index of the so-called "competitiveness".
The election has flown out of office Government planned to cut the state budget by 18% of the gross national product. By "sustainable" stagnation policy should be collected, that the government has saved the insolvent banks in the country to participate without their debtors.
It has been shown that in the long run with neoliberal financialisation no pot to win is. The model "tax haven" is precisely not been sustainable, any more than it is military conquest.
Source:
Death of the Celtic Tiger: A Cautionary Tale Irish
Bruce Campbell Lawrence Mishel
February 16, 2011th Luiz Carlos Bresser-
Pereira: The Global Financial Crisis and a New Capitalism? Levy Economics Institute Working Paper No.. 592. May 2010.
0 comments:
Post a Comment