Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-23-Speech-3-116-000"
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"en.20110323.17.3-116-000"2
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"Mr President, I support what is being done by the Irish Government to obtain an interest rate reduction under the EU-IMF Programme for Ireland. The European Commission has made clear that it will be prepared to support an interest rate reduction, and I would expect that the 27 Member States will reach a consensus regarding the reconsideration of this question.
It is in the interest of both Ireland and the European Union to ensure that our debt is sustainable. It is essential that the pricing of the EU financial assistance mechanism is affordable and that it is fair.
It is widely reported that some countries are seeking concessions from Ireland in return for an interest rate reduction. It would appear that pressure is on Ireland to increase its corporation tax, for example – I do not have time to go into the issue of effective tax as against corporate tax"@en1
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