Could you imagine the sort of outrage if President Obama announced that he was going to spend $100 billion to help Ireland with its debt crisis?
Yet there are several figureheads at the U.K. and other European countries expressing their willingness to help Ireland with its debt crisis. I could only imagine the outrage in America if the U.S made such a move, but why isn't there such a public outrage in Europe?|||They can't be bothered, or they don't really understand what it means. It seems as if most of what happens in the European Union goes on behind closed doors.
Nobody gets to vote on anything. :-/|||Ireland is apart of the EU and the Eurozone (it has adopted the Euro as it's currency) therefore it is in the interest of the EU to bail out Ireland or else it will reduce investor confidence in the Euro which will thus impact all Eurozone member states.
The UK is offering to help out Ireland but only if it requests the help; the UK has chosen to do so because the chancellor of the exchequer, George Osbourne, is aware how closely intertwined the UK and Irish economy are that it would be in the interest of the British economy to help out Ireland. However, the EU will offer an estimated bail out of 拢70 million whereas the UK government would probably only provide around 拢7 million.|||because europeans are more intelligent than americans|||The UK government are probably offering all the money Icelandic banks owe them, hopefully.|||Because that's one of the reasons the EU exist and it just not ireland.|||Europeans have this belief that there is an endless supply of entitlements.
They all owe each other a large fortune and someday it will collapse like a house of cards. They have to bail each other out.
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