Rehn: “I expect this issue of pricing policy will be looked at from the overall European perspective…”

The European Union’s economic and monetary affairs commissioner, Olli Rehn, has been making somewhat encouraging noises  [for the new Irish government] ahead of a series of key European meetings for the incoming Taoiseach. From the Irish Times breaking news report “We look forward to continue supporting the Irish people and the next Irish government in the implementation of the EU- IMF program, which is key for Ireland’s economy and its revival,” Mr Rehn told reporters in Brussels. “We have the common … Read more

Olli Rehn: ‘it is likely unfortunately to imply tax increases’

I’d wait for the detail, Brian, before declaring anything ‘safe’.  RTÉ reports the latest comments from European Commissioner for Economic and Monetary Affairs, Olli Rehn, on Ireland’s bail-out application.  From the RTÉ report European Commissioner for Economic and Monetary Affairs Olli Rehn has reiterated that Ireland would no longer be a low tax economy. When asked in an interview with RTÉ News if the corporate tax rate was now off the table for good, Mr Rehn said that by Ireland ceasing … Read more

“with nothing less than Irish economic sovereignty on the line”

Another informative entry from the Irish Times‘ Arthur Beesley’s European Diary.  If you were wondering what the European Commission has in mind for those problem PIIGS, including Ireland, you could try the EU economic and monetary affairs commissioner Olli Rehn’s recommended reading…  From the Irish Times As the cost of the banking bailout approaches €50 billion, general government debt is set to rise to 98.6 per cent of GDP this year. As recently as 2007, it was 25 per cent.The upshot is that Ahern’s … Read more

Euro crisis: A Straight-Jacket to Impose Austerity on European Peoples

Olli Rehn, European Commissioner for Economic and Monetary Policy, recently held a joint press conference with President José Manuel Durão Barroso on Reinforced economic policy cooperation in Europe where he again flagged their desire to have more input into National budgets: The Lisbon Treaty provides plenty of room for progress through a better and full use of the existing economic policy instruments, and through revised and new secondary legislation, where needed. In particular, article 136 on economic policy coordination enables … Read more