Of business sense and taxes: how Ireland differs from Greece

EPA/JULIEN WARNAND

Minimum wage increase? Yes, been there, done that. Greece Prime Minister Alexis Tsipras (L) and Irish Prime Minister Enda Kenny (R) chat after the family photo during the European Summit of Heads of States and governments at the European Council headquarters in Brussels, Belgium, 19 March 2015.

How a Labour government in Ireland managed to secure a recovery and do what Syriza promised but failed to deliver.


The Irish growth model is very much based on the shift from direct to indirect taxes.

Ireland secured a €85 bn bailout loan in 2010 in exchange for its economic sovereignty, as it came hand in hand with a Memorandum of Understanding. That was approximately two and a half times the annual tax take of the emerald island that year (€31.5bn). That MoU included austerity measures, labor law deregulation, and privatizations. That was the case in Greece, in Cyprus, and in Portugal. There was but one...


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