Many Irish Unhappy with Prospect of EU Bailout

Friday, November 19, 2010

A man leaves the Central Bank of Ireland, in Dublin, Ireland, on November 18, 2010. Ireland could receive 'tens of billions' of euros as part of an EU-IMF bailout. (Peter Muhly/AFP/Getty)

Until several years ago an economic success story, Ireland has been told that it should accept financial help, from Britain and the rest of the European Union, and perhaps from the International Monetary Fund as well. With a financial bailout would come some loss of control, and politicians in the current Irish government say they will resist raising their famously-low corporate tax rates, which many credit with attracting foreign companies to Ireland. The country's long been fiercely independent — it's arguably part of Ireland's national identity. Many Irish people are heartsick over the country's financial woes and the loss of sovereignty a bailout would entail.

We hear from Niall O'Dowd, the editor of The Irish Voice, who's currently living in New York City, as well as comedian Des Bishop, in Dublin.

Guests:

Des Bishop and Niall O'Dowd

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