by RAY FLEMING
THE British government's decision to make a substantial loan of about eight billion euros to Ireland, in conjunction with the 90bn euro IMF-EU rescue bail-out package, is absolutely correct. The Chancellor, George Osborne, put the situation quite clearly in Parliament: Ireland is a friend in need...It is in the UK's interest for Ireland to have a stable economy and banking system...There is a deep connection between our two countries...Ireland takes more of British exports than China, Brazil, India and Russia put together. Labour supported the action while querying a few of its details but some eurosceptic Conservatives seized the opportunity to make their usual negative points about everything European.
Mr Osborne would have been wiser not to speak about the tragedy of Ireland's predicament after having done so much to improve its economy in recent years.
IRELAND'S RESCUE
27/11/2013 00:00
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