The Guardian are taking this all very seriously and have launched a new blog on Ireland’s economic crisis:
Nothing there yet except for an intro article but they have some decent contributors lined up. Elsewhere the Guardian have gone for a Daily Mail style headline on their main article on the economy with the following effort:
strange days when both the guardian and the telegraph are lining up to wax lyrical about our impending doom.
it’s not that bloody difficult. dust off the budget from 2002, change a few dates, and present it to the Dáil.
deficit problem solved.
as for th 130 bn lodged in irish banks, that’s now the ECB’s problem.
can’t pay, won’t pay, so let’s see what’s on the table from the French/Germans, and take it from there.
[quote=“treaty_exile, post: 518533”]
strange days when both the guardian and the telegraph are lining up to wax lyrical about our impending doom.
it’s not that bloody difficult. dust off the budget from 2002, change a few dates, and present it to the Dáil.
deficit problem solved. as for th 130 bn lodged in irish banks, that’s now the ECB’s problem.
can’t pay, won’t pay, so let’s see what’s on the table from the French/Germans, and take it from there.[/quote]
“I want to believe they will decide to do what is most appropriate together for Ireland and the euro. I want to believe they have the vision to take the right decision,” Portugal’s Finance Minister Teixeira dos Santos told AFP.
cheers, yeah it is inevitable all that is happening now is a bit of haggling about the price. It may bring some clarity to the markets but this could not be described as good news in any way.
This is a shameful state of affairs for an independent nation. No ifs buts etc it is what it is. The last boom gave us the funds to build a sustainable republic and an example to other small nations. Yet it was squandered initially on an incestuous pyramid scheme bubble and since then the attempts to recover have left a black hole where the future is concerned. We have all but surrendered sovereignty to the bureaucrats in Frankfurt and bondholders all over the world.
Not 100 years after the state was formed we are begging our betters again to help us out. In effect, our democracy is now a sham and internationally Ireland will once again be viewed deservedly as a place of ridicule.
Well sid,
I hear your shirt is blue but did you hear Michael Noonan on slaughtering into the government this evening and saying the people were worried about the banks he spoke much better than an FFer over the last couple of days, I’m telling ye lads get the biscuit tins ready
While I hope my bit of money is safe in the bank will ye ever give Kenny the road and bring back Noonan
It’s not a great state of affairs alright but I think you’re running away with yourself a bit there. UK were in the same situation in the 70’s and took a bailout from the IMF.
There’s no doubt that the government (and most of the opposition to be fair) grossly mishandled the boom years but it takes a particularly odd sort of self-loathing Irishman to see us as a unique example of a country that can’t manage its own independence.
If you look at the tax rates here- if I was a German & I was lending money to Ireland I’dbe very pissed off if the Irish didnt pay the same tax as me- the bad thing is that these tax rates should have been in over the last 10 years & it could have been invested in services or whatever.
My shirt is far from blue unless you are talking about GAA but yeah I heard Noonan alright. It’s becoming a self pulfilling prophecy but I strongly believe that AIB anyway and possibly BOI is toast.
The situation is far worse here IMO. Europe and the Euro complicates things enormously and as I’ve said several times gives us no manouevreing room whatsoever. It effectively condemns Ireland to years of being a slave to debt servicing. The whole European financial system is built on sand and the Euro will have to go in the long run.
Might as well hang on now and hold out for the best deal possible. They’ve been pushing us say we needed to take a bailout to save ourselves but it’s now clear the rest of Europe depserately need us to take bailout to stop this spreading.
Poker face time. We should try and get 150bn at 1.5%.
I believe we only need 80bn but we should get a bit extra and blow it having a good time, that’s what I do whenever I get a loan anyway.
This is true but Cowen and Lenihan are useless cunts and will likely fold like Greg Norman on the back nine of the final round at Augusta. Before spinning it as a victory for Ireland.
