EU being ‘spiteful’ over bailout deal

IRELAND is being overcharged on the interest rate imposed by its European partners on its €85 billion bailout package who are being spiteful in demanding a cut in corporation tax in return for lower rates.

This is the view of the “outraged” chairman of the European Parliament’s Economic and Monetary Affairs Committee, Sharon Bowles MEP, who led a senior delegation of MEPs on an Irish fact-finding mission.

Ms Bowles said Ireland has the recipe to respond to the economic crisis, but is being treated harshly by its EU partners.