Ireland - Is it saveable?

[Calliope]

When Ireland is in trouble emigration starts.

Spectre of emigration stalks Ireland

Fleeing for a better life abroad had seemed a closed chapter in Irish history but the searing economic crisis is once again sending Ireland's young people heading for the exits.

For centuries Ireland had been a country of emigration, with tales of escaping the Emerald Isle ingrained into its music and literature.

The "Celtic Tiger" boom years reversed the flow, with immigrants flocking to its shores and boosting the population.

Now, with Ireland forced to turn to the European Union and the IMF to bail out its debt-ridden economy, a new generation may follow the paths of their kin in fleeing to Australia, Britain, North America and elsewhere.

http://news.smh.com.au/breaking-new...emigration-stalks-ireland-20101124-1872s.html

 

[Aussiejeff]

Ireland has announced a record $20 billion worth of budget cuts, just days after accepting an unprecedented international bailout.

Finance minister Brian Lenihan announced a four-year economic plan designed to calm financial markets and satisfy international lenders that their $120 billion loan will be paid back.

"It is a rational and sensible plan. It will bring us out of the steep downturn, but it will ensure that as we climb out of it, we do so - on a sustainable basis for the future," he said.

The four-year plan includes a cut to the minimum wage and a hike in the country's value added tax.

Two thirds of that will come from spending cuts, the rest from raising taxes.

The minimum wage will fall to $10 an hour, student fees will go up, 25,000 public sector jobs will be lost and a one-off property tax of $140 will be levied on all households.

Prime minister Brian Cowen says the tough budget measures are a condition of the $120 billion loan from the International Monetary Fund.

"Today is about Ireland putting its best foot forward," he said.

http://www.abc.net.au/news/stories/2010/11/25/3075765.htm

This is Ireland putting it's BEST foot forward? Is this some kind of inane Irish joke? :silly:

Just some raving loony politician trying to hype up what is looming as a terrible future few years for middle to lower income Irish folk. Yeah, the little people. They're the ones who are going to carry the can for corporate Ireland.

What a sick joke.

Any smart Irish will ignore the pathetic media spin & gummint hype & pack their bags now before they sink into the bog....

 

[Agentm]

the only option coming up for the piigs will be the printing press..

 

[Aussiejeff]

the only option coming up for the piigs will be the printing press..

Excellent "at a glance" chart there, secret Agentm

The one for Spain could be even more entertaining

 

[professor_frink]

the only option coming up for the piigs will be the printing press..

that's not an option for them, these countries don't control their own currency anymore.

 

[Agentm]

Excellent "at a glance" chart there, secret Agentm

The one for Spain could be even more entertaining

spain is 7 times bigger

that's not an option for them, these countries don't control their own currency anymore.

after spain, there is nothing left.. time to run the printing presses, which is what they have already said they will do.


nigel farage in a classic speech.. gotta love it..



"But it's even more serious than economics, because if you rob people of their identity, if you rob them of their democracy, then all they are left with is nationalism and violence. I can only hope and pray that the euro project is destroyed by the markets before that really happens"

 

[professor_frink]

spain is 7 times bigger




after spain, there is nothing left.. time to run the printing presses, which is what they have already said they will do.


nigel farage in a classic speech.. gotta love it..



"But it's even more serious than economics, because if you rob people of their identity, if you rob them of their democracy, then all they are left with is nationalism and violence. I can only hope and pray that the euro project is destroyed by the markets before that really happens"

Who has said that the printing presses will start running agent?

 

[Agentm]

axel weber


anyone caught hitlers plan to save ireland... lol


http://www.youtube.com/watch?v=ryqaGPMWFMM


i wont post the actual video as it contains offensive language on the facing screen

 

[Dangerous]

The Americans, on the other hand. Well they are just trying to prolong the party hangover by drinking more.

a few quiet ones down the local watching the footy and having a punt is the way these things are cured...

 

[professor_frink]

axel weber


anyone caught hitlers plan to save ireland... lol


http://www.youtube.com/watch?v=ryqaGPMWFMM


i wont post the actual video as it contains offensive language on the facing screen

Just found the comments(here for anyone that's interested).

That's an interesting change from his usual line, I wonder how much of these recent comments could be put down to him wanting to be the next ECB chief.

He's been a rather vocal opponent of the bailouts up until now - he was calling for an end to the EU stimulus, and had opposed rates staying low for any length of time

Seems like he has had a change of heart now that the French are opposing him becoming the next ECB president.

I'm rather wary of anyone that changes their opinion when power is up for grabs.

 

[explod]

Some great posts and a great thread on where it is at.

What is really good is I can sit back and not say anything anymore, everyone is starting to get it.

Yet to be crystal clear is the sufferring of ordinary people at the hands of the Wall Street paper ponzie's. Lend and print and lend and Europe is too deep now to not have to do the same thing. The few demonstrations already seen will turn into angry mobs looking for blood and ripe to be sent to war.

Go physical p/m's and the vegies.

 

[gav]

Irish Economic Crisis explained by robots...

 

[nukz]

I dont understand why they don't default, why does everything need to be saved. The cost is to great to save the PIIGS just imagine when the US defaults(formally or informally).

The bailout basiclly makes Ireland a slave to the IMF and i would be expecting anybody who still has money would be emigrating out of the country if they havn't already anyway.

The poli's in Ireland are very weak, they don't have the spine to default(of course they must be getting allot of pressure from country's and organisations in which they owe the money to) but they should understand that there job is to serve the public.

I saw a opinion poll which suggested a majority of people in Ireland favor a default rather than a bailout.

 

[IrishDigger]

An interview with an Irishman in America who tells it as he sees it.

Warning: Repeated use of the 'F' word is used during the interview

Click Here For Interview

 

[Dona Ferentes]

Now, let's see, a country has a low tax regime in an attempt to stimulate the economy ... and there are no consequences?

Various estimates place the number of foreign-owned planes operated by Russian airlines at around 500 or more, and the vast majority of them were inside Russia when the war started February 24.

Aviation consulting firm Ishka estimates that the foreign-owned planes are worth US$12 billion ($16.67 billion), nearly half of that by Irish-based lessors.

And not a Tupolov nor Antonov among them.