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> The Eastern and Central European countries have always felt much more dynamic and open to work hard. Yet as soon as they try to take advantage of their posit
by seydor 3y ago
> The Eastern and Central European countries have always felt much more dynamic and open to work hard.
Yet as soon as they try to take advantage of their position (via e.g. tax breaks) they'll get punished (eg 15% corporate tax rate, what happened to Ireland, Cyprus). Not being a single economy truly prevents competition for capital. So old money stays put where it is , new money is not allowed.
- alephnerd 3y agoWell, Cyprus absolutely needed to be cracked down (lots of shady shit going on there), but Ireland's absolutely gotten the short end of the stick, and I won't be surprised if something similar happens to Poland or Romania in a couple years.
- badpun 3y agoCan you elaborate please? What happened to Ireland?