Why is the UK immune from bankruptcy?

[DodgyAgent]

ECB to Ireland. "Yes it's OK have as many billions as want. Of course we don't mind you undermining other euro countries with you low corp tax while borrowing money from us"

Let me tell you something it was not a low interest rates that fuelled irresponsible lending.

And all the well eurodisney is actively trying to install long term plans for stability the Charles Osbourne (AKA Dougal)
Is trying to think of other plans that don't involve hitting the printing press button..

Well if it is not low interest rates fuelling irresponsible lending" then what is?
And the whole point of the EU should be for individual countries to be able to trade freely with each other and compete with each other. Competitive tax regimes to attract and encourage wealth creation are very much a good thing. However part of the political agenda of the Euro was to have all the EU countries under the control of the ECB, which in turn is controlled by the Germans and French. This control was designed to remove such competition (and thus remove many of the efficiencies that markets impose) at the behest of the Germans and the French.

Interesting attitude that you should see low taxation as "undermining" - think like a socialist.