Irish Govt raises four-year austerity target to €15bn

[Louis VI the Fat]

Irish people are not the type to go and smash the place.

What the Irish do, is more subtle but far more devastating: they leave the island.

History has returned, Ireland is losing its sons and daughters to emigration again. Sad.

[gaelic cowboy]

What the Irish do, is more subtle but far more devastating: they leave the island.

History has returned, Ireland is losing its sons and daughters to emigration again. Sad.

Indeed

Incidently the government figures are based on 40,000 people leavin plus cuts plus extra charges like for property etc.

It's not that Ireland cannot support a higher population, it could support 3 or 4 times the current level in my view. The problem is Bert and his FF mates bought industrial peace both public and private sector at the price of our industrial competitiveness, they let wages inflate to allow the property bubble to take up the slack of the both the foreign and Irish companies after 2002/3.

It can be seen in official figures now that the companies I used work for like Intel and the like started to count for less and less in the economy in early 20002/3, the economy should have contracted to a slightly more normal level of growth but there developer mates needed saving and cos there was an election that year they let rip.

Any pretence of probity was abandoned and he shut people up with cash, Bertie Ahern the man who brought peace to the North (ha yea right) made his own country a desert.(yes i know it's hyperbole)

Our government is in debt because our tax base has collapsed and a toxic financial vampire like Anglo Irish Bank just wont die they bailing the out and they keep ending up needing more cash.

I annoyed now maybe I might take some time to compile a thread for the backroom in case anyone wants to read a horror story and scare the kids in the meantime here is a fairy story instead

[Strike For The South]

What the Irish do, is more subtle but far more devastating: they leave the island.

History has returned, Ireland is losing its sons and daughters to emigration again. Sad.

Are they coming here again?

[gaelic cowboy]

Are they coming here again?

USA, Austrailia, New Zealand, UK and Canada plus the rest of the world but it doesn't really count the rest of the world does it.

[Strike For The South]

USA, Austrailia, New Zealand, UK and Canada plus the rest of the world but it doesn't really count the rest of the world does it.

I don't understand why it's so hard to stay put. Does Ireland smell? Is it cramped?

Don't get me wrong I love red hair, plae skin, and the accent as much as the next guy but we moved on to brown immagrants like 50 years ago. Did no one tell you?

[rory_20_uk]

Does Ireland smell? Is it cramped?

All sorted.

[gaelic cowboy]

I don't understand why it's so hard to stay put. Does Ireland smell? Is it cramped?

Don't get me wrong I love red hair, plae skin, and the accent as much as the next guy but we moved on to brown immagrants like 50 years ago. Did no one tell you?

Oh it's all covered in the secret treaty between the Pope the NWO and Guinness

[gaelic cowboy]

A PDF of some boring economic data from EUROSTAT that cheers me up a bit about our economy paying back the debt

Annual comparison
In September 2010 compared with September 2009, production of capital goods grew by 7.5% in the euro area and by 8.7% in the EU27. Intermediate goods increased by 6.8% and 7.5% respectively. Production of energy rose by 1.8% in the euro area and by 0.8% in the EU27. Non-durable consumer goods gained 1.6% and 2.5% respectively. Durable consumer goods fell by 0.2% in the euro area, but increased by 2.2% in the EU27.
Industrial production rose in all Member States for which data are available, except Greece (-7.6%), Portugal (-2.4%) and Spain (-1.4%). The highest increases were registered in Estonia (+31.1%), Latvia (+19.0%), the Czech Republic (+12.2%), Poland (+12.1%) and Ireland (+10.9%).

Irish industry outstrips euro zone
Updated: 12:06, Friday, 12 November 2010 RTE News
Ireland has recorded the biggest month-on-month rise for industrial production across the euro zone, official figures have showed.
While industrial production across the euro zone fell by 0.9%, Ireland bucked the trend, surging 7.9% in September compared to August.
Ireland also showed the fifth highest rise year-on-year from September 2009 to September 2010.
The estimates were released by Eurostat, the statistical office of the European Union.

Now if those bond traders would just off with the irrational herd behaviour elsewhere things would be grand.

You know things are funny when the old people up and down country supping and cooling over a glass of porter on pension day in pubs all over Ireland are comparing City bond traders to "There the new Tan's I tell ye" while playing a game of 25.

Daily discourse here now revolves around having an intimate knowledge of the interest rate on the second hand bond market in London, every up and down is watched by people who until the year before last probably thought a Bond meant Jimmy Bond from MI6.

[rory_20_uk]

It's not just human traders, it's the armies of AI-bots who buy and sell based on specific criteria, so the smallest change can be amplified so quickly.