>>I'm very surprized that the Irish bail out does not raise more concerns,
>>on both sides of the pond. Jake probably went skiing...
>>
>>regards
>>
>>thomas
>
>Same here. Very little interest online it appears which is amazing when you think about it. Ireland was held up as the golden example and I know a few folks who actually moved there from the U.S.. The effect on U.S. treasuries and bonds is all over the news though...

Their low corporation tax rates brought in a lot of foreign companies. My nephew (from France) works there for Lenovo.

Its a problem for countries outside the European core (which I would say is pretty firmly centres on North Eastern France and the Rhine). They need to be able to attract business to invest in them and low tx rates is an obvious solution. The Irish economy was pretty successful. Its the banks that have pulled it down so far and so quickly.