Former Irish PM Bruton on Brexit, Banks, Business

The transcript discusses Ireland's economic recovery post-banking crisis, highlighting the role of foreign investments. It examines the potential impact of Brexit on Ireland, emphasizing trade and political challenges. The discussion extends to broader EU issues, including economic disparities and political uncertainties. It also covers changes in EU banking regulations and the controversy surrounding Apple's tax ruling in Ireland.

What was a key factor in Ireland's quick recovery from the banking crisis?

• Tourism industry

• Government bailouts

• Foreign direct investment

• High domestic savings

How is Brexit expected to affect Ireland's economy?

• It will cause trade disruptions and potential losses

• It will likely result in net positive outcomes

• It will have no impact

• It will strengthen Ireland's trade with the UK

What is a potential advantage for Ireland post-Brexit?

• Reducing foreign investments

• Becoming the only English-speaking EU country

• Increasing tariffs on UK goods

• Strengthening ties with the UK

What is one of the benefits of the euro for EU member countries?

• It allows for independent monetary policies

• It guarantees economic growth

• It provides a mutual insurance scheme

• It eliminates all economic problems

What change in EU banking regulations is mentioned in the transcript?

• Banks must increase interest rates

• Banks are required to merge with larger institutions

• Banks must focus on domestic investments

• Banks can no longer be rescued by taxpayers

What was the controversy surrounding the Apple tax ruling?

• Apple was given a special tax rate

• The ruling was applied retrospectively

• Apple was exempt from all taxes

• The ruling was made by the Irish government

What lesson does the transcript suggest the EU should learn regarding investment?

• To ensure regulatory certainty

• To increase corporate tax rates

• To focus on domestic markets

• To impose retrospective taxes