Re: How Irelands Falsely Inflated Economy Could See it Leave the Block
Originally Posted by
swimfeeders
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Hi
They have much less Financial Debt per Person than the UK and much better benefits than the UK.
So what ?
Why does financial debt per person mean that the country is in a better financial situation ? They don't own their own currency, they have no centralised treasury, debts imposed on them by Brussels, they are almost the biggest (if not the biggest) amount of debt/person contributor to the EU budget, one of the smallest economies in the EU and they are the smallest net contributor. If you read the article thats the subject of my post you will realise most of the money contributing to Irelands GNI isn't actually theirs its companies declaring profits in Ireland to avoid taxation elsewhere and not paying any tax in Ireland itself. This is distorting Irelands economic figures enormously.
Ireland had a 6% unemployment rate in 2018 compared to the UK who had 4.1% and falling to where the UK had full employment in 2019 and just before Covid.