The latest EU GDP figures are showing that the EU economy has shrank, all thanks to Ireland, with its latest GDP figures showing contraction of over 12%. In this video, we’re taking a look at the numbers and how Ireland might’ve single-handedly pulled the EU into a recession.
So … back to potatoes?
Irish GDP is largely driven by their status as a tax haven. American companies set up a company in Ireland in order to evade taxes through a loophole that exists between the two countries’ tax codes.
I wouldn’t be surprised if the 12% reduction in GDP is largely in that sector (Though admittedly I have not watched the video)
That wouldn’t be a huge issue for Ireland. The inflated GDP figures “deflating” doesn’t necessarily affect the real economy. GDP is just a metric and in the case of Ireland it is highly skewed.
That’s exactly it. Frontloading pharma to avoid tarriffs now bites back.
Sorry, what?
It’s a joke … laugh.
Edit: Since there appears to be a language gap.
The Irish were exploited by the English to the point where they exported large quantities of food to the British land owners and a million people died as a result of the famine which among other things is known as the Irish Potato Famine.
Now they’re exporting large quantities of cash to United States Billionaires … the modern equivalent of an absentee landlord.
I’m not Irish, I don’t speak for the Irish, but I daresay that they’d see the humour in this absurd situation, since otherwise their only remedy would be to give up and frankly I don’t see that happening any time soon.
So … yes … it’s a joke. Laugh.