The Irish government is fighting to remain independent, after there’s already lots of criticism that Ireland is “under foreign occupation” – the big EU / IMF convoy to Ireland makes many feel that that the government is no longer in control, and that people from the outside tell it what to do. The Irish cabinet will present a four year budget in the upcoming days, that is intended to show that it is still under control. The “IMF-like” program must originate from the government, and it make come as early as Sunday, November 21st.
At least there’s one issue which will probably get off the table – the 12.5% corporate tax will probably remain untouched. At least for now. The Irish crisis will provide lots of action for the Euro for another week at least. Here’s more about the Irish 4-year budget.Get the 5 most predictable currency pairs