Varoufakis Says "Ireland is a model prisoner"

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Speaking at the Kilkenomics Festival in Kilkenny, former Greek Finance Minister said that Ireland's relative success during the Boom Years was due only to the fact that no other country had adopted the same model. For similar reasons, Ireland was the poster child for austerity because in fact the auterity imposed on the country was lenient, with a more generous approach taken by creditors than to other countries.

Ireland's lower rate of corporate tax had not been emulated, so there was no race to the bottom, allowing Ireland to occupy a unique position where fiscal rectitude could be applied but not too much. That in turn meant iIreland culd be presented as the "model prisoner", who was doing what it was told and reaping the rewards of compliance. But Ireland had never been asked to take the same degree of punishment as other European countries in bail-outs.
http://www.irishtimes.com/business/economy/ireland-no-paradigm-of-successful-austerity-varoufakis-1.2418865

he has in the past said that Ireland was "an energetic enemy of Greece" during the crisis which erupted over the Grek Referendum on accpeting Brussel's proposals.
http://www.irishtimes.com/business/economy/yanis-varoufakis-implies-ireland-was-an-energetic-enemy-of-greece-1.2283844

However his attitude is more nuanced than this reporting might appear. In his own words, Ireland and Greece have both been victims of a huge economic swindle, with their populations forced to transfer their assets to the Banks.

http://yanisvaroufakis.eu/2014/04/01/europe-and-the-stressed-banks-of-ireland-and-greece-a-tale-of-two-swindles-too-similar-for-comfort/

What do you think? Is ireland simply the kapo - the prisoner who is allowed some degree of autonomy and privileges, just to keep the others in line?
 

manufan

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amazing how things can change!

How much did Kenny and Noonan slip him?
 

Ren84

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RE: Varoufakis Says "Ireland is a model prisoner"

Many other European countries have corpo tax rates that are lower than Ireland's so to say our low rate was what kept us going is quite patently false. The truth is Varoufakis was a terrible Finance Minister and Syriza were and are an awful govt in Greece. SF aren't benefiting from its association with them, that's for sure.
 

spoilsport

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The Eagle of the Ninth said:
What do you think? Is ireland simply the kapo - the prisoner who is allowed some degree of autonomy and privileges, just to keep the others in line?
Ireland & Dinny & Co: are more like the sonderkommado, that were used to burn & dispose of the bodies in the crematorium, and will do anything to keep their privileged position, until pension time, or to be thrown golden scraps from the EU table in the form, that Big Phil availed did so.. They will sell out thier own country & people for an EU pat on the head, and extra sheckles from the table .

Toady lickspittle sycophants  would be the term to describe Irish politicians in regard to the EU - that refers to all parties & independents .
 
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RE: Varoufakis Says "Ireland is a model prisoner"

Ren84 said:
Many other European countries have corpo tax rates that are lower than Ireland's so to say our low rate was what kept us going is quite patently false. The truth is Varoufakis was a terrible Finance Minister and Syriza were and are an awful govt in Greece. SF aren't benefiting from its association with them, that's for sure.
To be fair, he didn't say that Ireland's low rate of corporation tax was the sole element which distinguished its economic model. He was paointing out that Ireland;s model isn't replicable in other countries for many reasons and shouldn't be held up as the ideal paradigm when imposing austerity on other nations.

It hink his beef is with the EU, not Ireland.
 

Ren84

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RE: Varoufakis Says "Ireland is a model prisoner"

The Eagle of the Ninth said:
To be fair, he didn't say that Ireland's low rate of corporation tax was the sole element which distinguished its economic model.  He was paointing out that Ireland;s model isn't replicable in other countries for many reasons and shouldn't be held up as the ideal paradigm when imposing austerity on other nations.

It hink his beef is with the EU, not Ireland.
The Council made clear to Greece they would refuse to engage with him at meetings in Brussels and wanted him removed to which Tsipras duly obliged and had him replaced. Ever since he and the PM haven't been on the best of terms.
 

cyberianpan

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Varoufakis is quite clever...and displays considerable linguistic verve

At times he displays masterful command of complex facts

And is is quite knowledgeable about aspects of economics 

He is however considerably madder than a box of frogs...he creates whole complex constructs that he alleges are real...and they are wholly imaginary

He'll sometimes be making sense...then jump to a wild conclusion that is not supported by the facts

He is quite unpredictable. ..he has capacity for lucid flashes of insight, but he has no insight into when he is insightful
 

Clanrickard

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RE: Varoufakis Says "Ireland is a model prisoner"

Ren84 said:
Many other European countries have corpo tax rates that are lower than Ireland's so to say our low rate was what kept us going is quite patently false. The truth is Varoufakis was a terrible Finance Minister and Syriza were and are an awful govt in Greece. SF aren't benefiting from its association with them, that's for sure.
Correct. He was a disaster and a warning to voters about the loony left.
 

Makavelli

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RE: Varoufakis Says "Ireland is a model prisoner"

Ren84 said:
Many other European countries have corpo tax rates that are lower than Ireland's so to say our low rate was what kept us going is quite patently false. The truth is Varoufakis was a terrible Finance Minister and Syriza were and are an awful govt in Greece. SF aren't benefiting from its association with them, that's for sure.
To say that other European countries have corpo tax rates that are lower than Ireland's is quite patently false.

https://home.kpmg.com/xx/en/home/services/tax/tax-tools-and-resources/tax-rates-online/corporate-tax-rates-table.html

Unless you know something that KPMG don't know?
 

Makavelli

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cyberianpan said:
Varoufakis is quite clever...and displays considerable linguistic verve

At times he displays masterful command of complex facts

And is is quite knowledgeable about aspects of economics 

He is however considerably madder than a box of frogs...he creates whole complex constructs that he alleges are real...and they are wholly imaginary

He'll sometimes be making sense...then jump to a wild conclusion that is not supported by the facts

He is quite unpredictable. ..he has capacity for lucid flashes of insight, but he has no insight into when he is insightful
Can you provide any links to the assertions you have made?  you know, actual facts?
 

Ren84

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RE: Varoufakis Says "Ireland is a model prisoner"

Makavelli said:
To say that other European countries have corpo tax rates that are lower than Ireland's is quite patently false.

https://home.kpmg.com/xx/en/home/services/tax/tax-tools-and-resources/tax-rates-online/corporate-tax-rates-table.html

Unless you know something that KPMG don't know?
Estonia, Montenegro, Bosnia, Bulgaria, Hungary and Macedonia all have lower corporation tax than Ireland.

https://en.wikipedia.org/wiki/Tax_rates_of_Europe
 
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