Irish Prime Minister ups stores Brian Cowen said on the 28th, in principle, to accept the total pac

Irish Prime Minister ups stores Brian Cowen said on the 28th, in principle, to accept the total package of 85 billion bailout plan, which the Irish corporation tax of 12.5% obtained maintained. November 29, according to Xinhua News Agency reported that the Irish Prime Minister Brian Cowen said late on the 28th, the total United Kingdom, Sweden, Denmark, the joint provision of the Irish government accepted in principle the EU and the International Monetary Fund (IMF) as well as 850 million euros package of financial assistance programs. Cowen at a press conference held in the evening, said the package of financial aid programs, 35 billion euros will be used by the real estate ups stores bubble burst and rescue troubled Irish banks, and the remaining 50 billion euros to meet the financial needs of the Irish government. He said the package of financial aid programs ups stores in Ireland from other domestic financial resources in the national pension reserve fund raised 17.5 billion euros. This means that Ireland received external financial aid will be reduced to 67.5 billion euros.
Cowen said that Ireland received 67.5 billion of external ups stores financial aid, and 22.5 billion euros from the EU governments set up for emergency financial aid programs - the European Financial Stability Mechanism (EFSM), 225 亿 欧元 from IMF another 22.5 billion euros European Financial Stability Facility, established in May this year from (EFSF) funding as well as the United Kingdom, Sweden, Denmark, bilateral loans. He also said that the package of financial aid programs, 12.5% in Ireland to obtain a lower corporate tax to maintain. Irish corporation tax of 12.5% in the EU Member States is quite low, resulting in other EU countries complain about Ireland's low tax is a form of unfair competition. However, the Irish government has refused to lower the country by raising the corporate tax rate in exchange for external financial aid. 28 EU member states finance ministers decided to provide 85 billion combined package ups stores of financial assistance to Ireland and the International Monetary Fund and the United Kingdom, Sweden, Denmark, to help deal with the debt crisis in the euro-zone countries and curb contagion.
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