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The following article was published in our article directory on November 16, 2010.
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Ireland Reluctant to Accept Assistance

Article Category: Business

Author Name: xia zihui

Ireland's debt crisis is from the fermentation of Europe, and Greece earlier this year when the protagonist of the Greek sovereign debt crisis, this time, Ireland will not accept the EU's assistance.

Reluctant to accept assistance

Of circumstance, on the continent in Europe intensified trend is making the sale of bonds of Germany, France and other European powers on pins and needles, they are trying to use a variety of ways to make use of the Irish government to accept aid, in order to avoid re-experiencing the whole of Europe as the beginning of the Greek debt crisis as the turmoil.

But the Irish apparently did not want to receive assistance, the officials said in November 13th to receive assistance is not considered within the scope of the government, the Irish Enterprise Minister BattO'Keeffe said Prime Minister Brian Cowen and his cabinet did not discuss over whether to accept assistance, BattO'Keeffe also denied the existence of the debt crisis.

Analysts pointed out that Ireland's opposition is due to concern that the plan could harm their relations with the international investor confidence, while accepting aid means that the government's incompetence in economic affairs, but also open to foreign intervention in domestic economic affairs start. Enterprise Ireland, Minister O'Keeffe said that Ireland will not easily give up hard-won sovereignty.

Luxembourg Prime Minister Jean-ClaudeJuncker11 12, said so far, and there is no "compelling reasons" that the Irish will need urgent financial assistance.

Goldman Sachs economist Erik Nielsen, chief Europe, said Ireland's decision whether to accept the financial assistance was "a purely political choice, but need to consider the economic and financial stability risks."

A spokesman from the Ministry of Finance, the latest news of Ireland, the current government is the country and the EU talks, he said, Ireland does not apply for assistance to the international community, the government has enough financial support until 2011. However, this statement is not reassuring, the EU finance ministers in the evening local time on November 15 in Brussels to discuss the debt issue.

Investors worried that aid will accelerate Merkel's "burden sharing" plan, the plan will require commitment to the future of private investors and financial aid, it is learned, the European leaders of Merkel's proposal and whether it should apply for Ireland assistance in creating a greater difference.

As long as the issue of European government in the rescue still wavering, the market will not be quiet. European markets may continue to be volatile, and investors will worry about the future direction of the market.

Keywords: self inflating mattress,bamboo bath towel,dead sea scrub,

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