Advertise On EU-Digest

Annual Advertising Rates

1/21/11

Ireland has only itself to blame for the costly bailout says Barroso - by Sarah Collins

The EU's top official has hit back at accusations that the EU-IMF bailout will cripple the Irish economy, saying it was Ireland's "fiscally and financially irresponsible" behaviour that caused the downfall in the first place.

In an uncharacteristic outburst European Commission chief Jose Manuel Barroso lashed out at MEP Joe Higgins yesterday after he accused the EU of "making vassals" of Irish taxpayers.

"The problems of Ireland were created by irresponsible financial behaviour of financial institutions and a lack of supervision in the Irish market," Mr Barroso hit back in an angry exchange. "Europe is now part of the solution. It was not Europe that created this fiscally irresponsible situation and this financially irresponsible behaviour."

For more: Ireland has only itself to blame for the costly bailout says Barroso - Irish, Business - Independent.ie

No comments: