Euro Area

[Louis VI the Fat]

How in the hell does any of that solve the fact that once our government takes that first IMF tranche the insolvency of the banks is now wholly transferred to the people.

You continue to ignore that fact Ireland will not be able to pay this back and that the debt will have to be sorted properly. Bailing out the country merely transferred the debt it did not remove the problem.

I love the way this whole lark is being presented as a way to FIX Ireland when it's really about saving banks both Irish and European, we keep telling you the truth and we kept getting continually told were being whiney ungrateful spud eating peasants.

Just cos a broke Irish electorate is annoying does not mean they are incorrect about defaulting on the banks.

That bit was about the difference in the way the anglophone press wrote about Greece or Portugal and Ireland. One is a pig, too lazy to work, thieving off EU funds. The other a county in distress.

Remember those Greeks earlier this year? Going on strikes, attacking banks? Like the Irish, they resented being the ones presented with the bill. What was written about them in the Anglophone press? Lazy, socialists, silly swarties who even when they are bankrupt protest austerity measures. The Irish, who speak English, have another face. The face of the austerity measures, this time, is an Irish pensioner, who's hurting.
Likewise, the Greek failure to levy sustainable taxes is a sign they are morally lacking. Whereas the Irish failure to levy sustainable taxes is a sign of their anglo competitiveness.

[gaelic cowboy]

Remember those Greeks earlier this year? Going on strikes, attacking banks? Like the Irish, they resented being the ones presented with the bill. What was written about them in the Anglophone press? Lazy, socialists, silly swarties who even when they are bankrupt protest austerity measures. The Irish, who speak English, have another face. The face of the austerity measures, this time, is an Irish pensioner, who's hurting.
Likewise, the Greek failure to levy sustainable taxes is a sign they are morally lacking. Whereas the Irish failure to levy sustainable taxes is a sign of their anglo competitiveness.

We have not escaped the tut tut of the Anglophone press you just missed it thats all, sometimes the UK telly has been very hard to watch indeed.

[gaelic cowboy]

I feel I need to get my view down again cos the thread has drifted a bit.

The point I was trying to make is that bailouts will not cure the insolvency of the banks/countries the debt will have to be restructured eventually to a more manageable level.

This does not have to mean an end to the Euro but it is a likely outcome if we have more bailouts or even the threat of the more in the future.

[Furunculus]

the difference between ireland and greece in its response to the euro crisis:
http://www.telegraph.co.uk/news/pict...e.html?image=1

[gaelic cowboy]

the difference between ireland and greece in its response to the euro crisis:
http://www.telegraph.co.uk/news/pict...e.html?image=1

For me the difference is the fact in Ireland people still feel they have a stake in things however small or fictional it may be in reality, plus the election in the new year has taken a bit of heat out of the anger too. There is a sense here that we can take hardship and we can fix things but don't take it for granted and because there has to be a pain then we all of us have to share in it.

Plus how do you riot against a bondholder anyway.

A few Sinn Fein an extreme left types have threw a few shapes lately but Irish people are not a natural constituency of either Leftism or Anarchy.(were basically rural conservatives who live in towns)

[Brenus]

“We have not escaped the tut tut of the Anglophone press you just missed it thats all, sometimes the UK telly has been very hard to watch indeed.”
Yeah, but all talk show in Radio Station like LBC were why do we have to help the lazy corrupted (Mediterranean) Greeks who got more sun than here and enjoy life then it was why we have to help our hardworking Irish neighbours…
And the government (the same that didn’t want to give one kopek to the Greek and death to the Euro Zone) explaining if we don’t we will face a wave of immigration for this island…

[rory_20_uk]

We also do a massive amount of trade with Ireland, and so don't want to loose the market. Greece is far more peripheral.

[gaelic cowboy]

Yeah, but all talk show in Radio Station like LBC were why do we have to help the lazy corrupted (Mediterranean) Greeks who got more sun than here and enjoy life then it was why we have to help our hardworking Irish neighbours…
And the government (the same that didn’t want to give one kopek to the Greek and death to the Euro Zone) explaining if we don’t we will face a wave of immigration for this island…

Think London is prob thinking in national security terms if the South was economically dynamited then the North would effectively be nuked and we would end up with 30yrs of violence again and thousands more dead.

Irish migration to the UK basically has on the whole been positive (at least from southern Ireland)and I don't really expect that to stop anytime soon.