NEW YORK - Irish Minister Enda Kenny said Wednesday it would press for the lower rate of interest for the Dublin EU rescue plan and the IMF but insisted higher corporate tax would not be part of such an agreement.
Said Kenny had already reached an agreement in principle to lower the almost 6% interest rate on the rescue plan of billions of euros 85 International Monetary Fund and the European Union, and that details would be martelés once Portugal finalize the details of his pending bailout.
"During the recent (eurozone) meeting in Brussels it was agreed that countries in the rescue plan could be a reduction in interest rates will apply to them," Kenny told Reuters Insider TV.
Kenny said that once the details have been finalised for a rescue plan for the Portugal, who said late on Tuesday, it reached a three-year rescue plan, deal with the EU and the IMF, Dublin can negotiate "an interest rate reduction that would be important in the case of the Ireland."
But he refused to take account of the rate of corporate tax higher Ireland and said that his visit to New York is in part to reassure American companies could consider jobs in Ireland tax of 12.5% of the country was set in stone.
"The corporate tax rate is not negotiable," he said. "We will not our 12.5% corporate tax rate." "Our country is open for business".
"ABUSE OF CONFIDENCE".
Kenny said such increases of taxes "would be a massive breach of confidence, particularly with foreign direct investment in this country."
After a Summit in March the euro zone, said Kenny that he had reached an agreement in principle to reduce the interest rate of Ireland of 1 per cent, but that he was not prepared to raise the corporate tax in exchange for the agreement.
The guardian of the Portugal later on Tuesday, Prime Minister Jose Socrates announced that Lisbon had reached a bailout deal with the EU and the IMF after weeks of talks, becoming the third country in the euro area to do thisAfter the Greece and the Ireland.
The rate of interest on the rescue plan of the Portugal, which the Socrates Office said 78 billion euros in total, should be defined at a meeting of Ministers of Finance of the eurozone in mid-May.
The Ireland rescue plan agreed last November failed to resolve the banking crisis of the Ireland and the Government of Kenny, elected in February, said that the current package should be changed to avoid the risk of failure.
The leader of Fine Gael said that his coalition Government has pledged to sell 2 billion euro of value of assets owned by the State and any sale will be decided on the basis of which deals could add most of the jobs in the Irish economy at Bay.
On the banks in difficulty the Ireland, Kenny said if Anglo Irish Bank needed more help that holders will be expected to contribute.
"If a requirement for the injection of capital more in Anglo Irish Bank, the Government to treat accordingly and we examine the question of senior carriers in very different ways that we made when we decide to burn senior bondholders with Allied Irish Bank or Bank of Ireland"he says."
A solution to the Irish crisis of bank financing and a reduction of the price of very unpopular rescue EU and the IMF would be a huge blow for Kenny. But for such an agreement it will come under intense pressure to concede on the rates of the Ireland low company taxation, considered an unfair advantage in other capitals European.
Government of Kenny has said he wants to cut bill for taxpayers to bail out the banks--46 EUR billion and climbing - imposing losses on non-senior bonds in Irish banks not covered by the guarantee of the State, a value of EUR 16 billion.
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