Friday, November 12, 2010
John Montgomery reckons he has lost about 350 euros ($479) a month, or 25 percent of his disposable
John Montgomery reckons he has lost about 350 euros ($479) a month, or 25 percent of his disposable income, because of lower pay and higher taxes since Irelandâ€™s economy began to collapse in 2008. The father of a 10-month-old baby said heâ€™s willing to take the hit, and more, as long as it helps Ireland avoid a rescue by the European Union and International Monetary Fund. The nation is saddled with a 20 billion-euro budget deficit and costs of as much as 50 billion euros to bail out five of its biggest banks. â€œIâ€™d be a patriot like everybody else,â€ said Montgomery, who works in a Britvic Plc factory in Dublin making 7-Up and Pepsi soda under license.