Not the accountants

Most papers report that the money men are arriving in Dublin to see what can be done for the Irish economy.

Of course it's not the accountants, it's the politicians. They will decide (in Ireland's interest, of course) what steps should be taken in return for a bailout (which Ireland says it doesn't need).

Here's something that will be on their minds.

Corporation Tax Rates

Germany 30 - 33%
France    33.33%
Ireland    12.5%

So where would you set up a business? But the Irish say firstly that low tax rates are essential for the recovery, and secondly that one of the things that made them change their minds about the Lisbon Treaty (they were told to vote again, if you remember) was the promise that they could set their own levels of taxation.

If an increase in corporation tax is forced on them, the Irish will feel traduced.

Rightly so, in my view.