General Question

rentluva5256's avatar

What actions has the Ireland government taken with regard to its economy?

Asked by rentluva5256 (555points) October 4th, 2011

I understand that Ireland has a very poor government, but what has the government done to help it? Like, to help keep Ireland in the European Union, what has the government done?

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4 Answers

wundayatta's avatar

Did you check wikipedia? The government made an agreement with public sector unions. No layoffs for increased productivity. The government secured loans from Europe and England and other countries. The goverment changed in April 2011. There is argument about whether another bailout will be needed. Stay tuned!

flutherother's avatar

Key points of the recovery plan include…..

24,750 public sector jobs cuts
2.8bn euros of savings in social welfare spending
1.9bn euros to be raised from income tax changes
1 euro cut in the minimum wage to 7.65 euros an hour
VAT rise from 21% to 22% in 2013, and to 24% in 2014
the corporation tax rate remains unchanged at 12.5%
a new “site value” property tax to raise 200 euros from most homeowners by 2014.

rentluva5256's avatar

Thanks! Now, how do the positions of other countries in the EU affect Ireland’s position on issues such as this?

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