EU: Ireland Stars In... Return Of The PIIGS...As Its Bonds Lead Rout.

BLOOMBERG/ Keith Jenkins /
      Ireland's 10-year bonds fell for a 12th day, leading a rout in debt from Portugal to Greece for most of the so-called "PIIGS," weakening the euro and stocks.
    Strategist Christoph Rieger notes the impact “is mainly restricted to Ireland, Portugal and Greece, but to a certain degree Spain also. Tensions are more likely to exacerbate rather than improve.”
    Goldman Sachs believes that a bailout of Ireland and Portugal through the European Financial Stability Facility would relieve market tensions and not lead to contagion.

EU Criticized For Letting Poland Pay Dell $54.5 Million Euros For Move-out.

IRISHTIMES/
Dell computer is moving production from Ireland to a new manufacturing plant in Poland, and the Polish government is giving 54.5 million euros in aid for the factory.
Irish officials are calling the EU's decision a “disgrace”, and would be greeted with outrage in Limerick and throughout Ireland.
“Earlier this year Dell announced that they were relocating the European centre of operations from Ireland to Poland with the loss of 1,900 jobs from their plant in Limerick...taking much-needed jobs from one of the most economically-deprived regions of one member state and allowing them to be relocated in an equally-deprived region of another member state simply defies logic.”

Ireland To Double Plastic Bags Tax.

GUARDIAN.UK/
The Irish Republic was the first nation to tax plastic bags, and now plans to increase the levy to €44 cents per bag.
The Irish Department of the Environment said the charge would be doubled to ensure a "sufficient deterrent" to shoppers who arrived at checkouts with no bags of their own.
The seven-year policy of charging for plastic bags has generated more than €120m in tax.
It has also sharply reduced Irish reliance on throwaway bags, the annual use of which once numbered 1.2bn per year – more than 300 bags for every man, woman and child.