AT last some external support for this beleaguered economy for its uncompromising stance on the 12.5% corporation tax rate and its mission to get the borrowing rate on the bailout loans cut by 1%.

INFLATION is one of the major threats to the EU economy and governments need to control anything that could contribute to rising costs, including wage increases and prices, the European Commission has warned.

EU INTERNAL Market Commissioner Charlie McCreevy is expected to declare all-out war today on France, Spain and Poland and other countries trying to block foreign takeovers.