You’ll be giving a flying fuck when your driving people home from the pub business goes tits up.
Some cracking exchanges in the Dail today, more to be seen here http://twitter.com/#!/thejournal_ie
The part where they welcomed the North Korean ambassador is comic gold I’d say. Wonder what he made of it all.
:lol: Well remembered.
Thinking about buying a flyer design & delivery business actually this week, going cheap, has good name, owner is fucked with other businesses. Could be too much though.
Anyway Mac, Irish people drink in recession, it makes fuck all difference. And alot of people think this is all just a great excuse to do fuck all anyway*
- [size=“2”]i realise there are many out there who’d love to work but can’t, or need to retrain.[/size]
Euro in freefall down to 1.3385 against the dollar. The break up of the euro zone is imminent.
And Fianna Fail did it, fair fooks to them.
More and more sources saying it’s an option for peripheral states to leave and devalue. This could be good news for England too, Spain and Portugal won’t be able to afford a World Cup.
Fianna Fail, The Republican Party - Heroes of the British far right :lol:
Christ that is ridiculous. Could the simpleton not get anyone to look after the kid? Clown.
If Im honest Kev, I do get pretty sick of discussing our country’s future at this time, which may well effect us for years to come. This thread was gone to fuck until you told us about your flier delivery business that you are buying.
Limerick West have their finger on the pulse
http://bigmentaldisease.com/wp-content/uploads/2010/11/cregan-ahern.png
Not at all and for once I think the people in the 26 are generally passionate about this with levels of apathy low. People are getting more and more concerned over the mess the state is in and rightly so. Disillusioned maybe but not giving a flying fuck absolutley not.
Do ye think the anarchy will start when Fintan O’Toole publishes his charter on Friday?
Merkel seems to be playing a strange game, she’s just come out and stoked up the Euro crisis a bit. She also was the one who stirred things about with the idea of sovereign defaults a few weeks ago. No idea what her agenda is.
Anyone know why she’s carrying on like this? Can’t really see how a default is going to benefit the Germans, maybe a break-up of the Eurozone would though. I’m stumped anyway.
Whatever it was it wasn’t a stunt. The kid was in all his meetings all day apparently.
You’d think he’d get a babysitter alright but there are plenty of people in this country who don’t think daycare is the best course of action for their children and that’s their opinion I guess. I genuinely think he’s just odd enough to bring the kid to the press conference and not expect anyone to notice. It’s a bizarre image though. I’d have a bigger issue with that Ó Brolcháin clown in the centre of the photo though.
The FF by-election candidate for Donegal just said on the news that the budget needs to be passed of else people from outside are going to come in here telling us what to do :lol:
Where do they get them?
We’ve been in a recession for 2 years (apart from when we came out of recession during the summer) and the publicans have never had it as bad.
Is the flyer design business a substitute for no-one paying you for your opinions?
They’re talking on Primetime about an annual interest bill of TEN BILLION if the figures so far are accurate.
Batt O’Keeffe, in response to a question of whether we can afford that or not, said that “at the end of the day we’ll conclude the deal and then we’ll see” - in other words, they’ll sign the deal and then they’ll decide if the country can afford it.
This is unbelievable stuff.
Bust Is Better Than a Bailout for Irish Patient: Matthew Lynn
It’s not too late. The request for aid may have been made. The negotiations may have started. But Irish Prime Minister Brian Cowen can still refuse a bailout from the European Union and the International Monetary Fund.
It might sound like madness for a drowning man to refuse a lifebelt. But the decision the Irish make in the next few days will shape the future of their nation for a generation.
Ireland would be better off going bust than taking a loan. The conditions attached to a rescue aren’t worth it: Once it takes EU money, it will never get off the hook. And the Irish banks aren’t worth saving anyway. Defaulting on your debts is a far less scary prospect than usually portrayed.
The real question is whether Ireland’s politicians have the courage to take that step.
Last weekend, the Irish surrendered to pressure to accept an EU- and IMF-led package, similar to the deal hammered out for Greece earlier this year. There was no surprise about that. The markets had grown so nervous about Ireland’s finances and the cost of its bank bailouts that yields on 10-year government debt reached almost 9 percent this month.
The final amount of the bailout is still to be determined. So are the terms. This means, of course, that it isn’t too late. The deal may still fall through, particularly with a general election looming as support for the government wanes.
Bond Chaos
True, that would cause chaos in the bond markets. Trading in Portuguese, Spanish and Italian debt wouldn’t be a pretty sight for the few days after rescue talks collapsed. But the Irish should still say no.
Here’s why.
First, the conditions are too onerous. The EU may demand an end to Ireland’s low corporate-tax rate. Its 12.5 percent rate has been a cornerstone of the country’s economy, attracting numerous businesses to relocate there. In 2008, two major U.K. companies, United Business Media Plc and drugmaker Shire Plc, switched their tax residence to Ireland to cut their tax bills.
Even if it isn’t explicitly part of the rescue deal, Ireland will come under pressure over the next few years to raise its corporate taxes, which take companies, government revenue and jobs from Ireland’s neighbors. It will be hard to explain to businesses in Dusseldorf why their high taxes are being used to help rescue competitors in Donegal.
Even so, it would be a huge mistake. Low taxes and an open business culture are what made Ireland successful. You don’t cure a sick patient by taking out a lung.
‘Hotel California’
Second, the EU-IMF rescue looks like financial methadone. It numbs the pain and gets you off drugs, but it’s addictive. The cure can be worse than the disease. Months have passed since the Greek bailout, and there isn’t much sign of Greece accessing the capital markets. The yield on Greek bonds remains more than 11 percent. It’s a “Hotel California” package: You can check out anytime you like, but you can never leave.
Third, this is mostly about rescuing EU financial institutions. It is the Irish banks that are in trouble, and if they go down, it will cause massive losses at other European lenders. But why should the Irish people worry about that? If French, German or British banks suffer big write-downs, let their governments deal with them. Ireland could just close its banks – such a small country doesn’t need its own finance industry any more than it needs its own carmakers.
Emigration Wave
Fourth, Ireland risks tipping into an economic spiral. A key to the Irish economic revival of the last 20 years was reversing emigration. For a century, young Irish people went abroad to make their careers. When they started staying at home, it was a boon to the economy. If a generation is saddled with these debts, why not move to London or New York where the prospects are better? It’s already happening: Emigration is exceeding immigration for the first time since 1995. It will be the most highly skilled, energetic people who leave. How exactly is that going to help the nation recover?
Five, going bust isn’t so bad. Russia and Argentina defaulted on their debts. It wasn’t the end of the world. The financial markets portray it as a catastrophe, but that is mainly because bankers and bond investors stand to lose a lot of money. So long as it is done in an orderly, structured way, a default is often the best solution to a financial mess.
Underneath the property bubble – which was caused by low euro-area interest rates – Ireland has a competitive, export- oriented economy. September figures show exports rose 2 percent and the trade surplus increased. In a weak global economy, that’s a very decent performance.
If it defaults on its debts, Ireland can bounce back fairly quickly. If it accepts an EU bailout, it will be stuck in recession for a generation
He has obviously been reading my posts on TFK. They should be told to fuck off. It’s every country for itself now. If we need to leave the EU so be it. A structured default would devalue our currency making our exports even more valuable. We should also make some noise about seeking funding from China to invest in infrastructure. That would scare the shit out of the EU and IMF.
They are on about a quarter of a trillion on Vincent brown that’s a lot of weanling’s lads and I have also heard Rocko and Bandage have applied for planning permission for extensions to their calculators
You really are a boring cunt, were you that way always or were you systematically changed by your employers?
Mac - I get paid for my opinions alright, even if the payments are illegal.
We are officially fucked