Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
17 November 2010
17:5380515Make no mistake the Irish economic crisis is a crisis of the EU itself.
Ireland, for a long time lived the EU high life, but that has come to an end and reality really bites.
Locked in to the Euro their economy is sinking and and bail-out may only serve to delay the inevitable. The best solution would be for them to leave the Euro - it just may happen anyway so the sooner they bite the bullet and re-establish economic independence with a currency that can float and take some of the strain, the better for them and for us.
The Euro is an ill-conceived political, not economic, scheme and its flaws keep being showed up. The problems are not limited to Ireland or even Ireland and Greece. The survival of the Euro is at stake, perhaps the EU as a whole.
Much as I would love the EU to collapse the aftershocks would be deeply damaging to us as well as them. Far better that an orderly withdrawal from the common currency happen.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
17 November 2010
17:5880516In todays climate its good like in jobs to risk assess
would it be costly to withdraw?
would we beneft from being outside the club?
at the moment these questions remain unanswered
ALL POSTS ARE MY OWN PERSONAL VIEWS
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
17 November 2010
18:0580517the irish crises is due to the banks/housing boom and bust atutude and nothing to do with the eu.
i wish you would get your facts right barry before knocking the eu.and thats common knowledge.
17 November 2010
18:1880520Keith, The question you ask has been answered many times but to remind you:-
No, it would not be costly to withdraw ( more costly to stay in ) and so, yes, we would benefit from being "outside the club"!
Brian, I would suggest you get your facts right as well.
Still, the EU joke goes on. I notice in todays paper that Alistair Darling agreed four days after Labour lost the election to signing us up to an EU deal that could cost UK taxpayers £7billion. This would be to assist EU countries in the eurozone with a debt crisis. Nothing changes, does it?
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
17 November 2010
18:2080522john,facts from itv/bbc/sky news rooms.you cant say that they are all lying can you.
DT1- Location: Dover
- Registered: 15 Apr 2008
- Posts: 1,116
17 November 2010
18:3180526I think the Celtic Tiger boom was as much to do with the states as the EU and was around well before the introduction of the Euro. The Euro may not have helped but Ireland's economic decline has been catastrophic and very sad.
It just goes to show how these things can be out of the control of governments and are certainly a mystery to 'those in the know'. I was reading this article by a bloke the other who thought we should follow their example. Now I'm no economist but I'm glad he's not in control of our nation's financial future.
http://www.timesonline.co.uk/tol/comment/columnists/guest_contributors/article733821.eceGuest 645- Registered: 12 Mar 2008
- Posts: 4,463
17 November 2010
18:5480527An urgent question was asked by a Tory MP in the HofC today as to whether the govt would bail out Eire to the tune of £41 billion the Minister who answered in Osbornes absence would niether deny or confirm that this was the case.
Why should we bail outvthe Irish? Answers on the back of a postage stamp please.
Marek
I think therefore I am (not a Tory supporter)
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
17 November 2010
19:2180533complicated one this,ireland is one of our biggest trade partners, most of it us selling to them.
the more cash strapped irish businesses and consumers are the more jobs lost here.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
17 November 2010
19:5780539itv news gave out a staggering figure of £143 million pounds loaned from the uk banks £53 plus from rbs alone.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
17 November 2010
20:2180553The Eurozone has ended up exactly where many of us thought it would. A failed experiment. My feeling is that the Euro will collapse, but that the collapse will be brought about by Germany walking out, not from the smaller members going tits-up. If Germany and France ditch the Euro it will become the common currency of the minor EU states. Interest rates in € will rise, the currency will devalue, and the Club Med countries will survive without being bailed out by us. Interest rates in the stronger countries will remain low, the pound, mark and franc will become strong and we shall all live happily ever after.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
17 November 2010
20:2780558peter,at the moment the £ is weak and quite franc ly i cant see a mark ed differance in what currency we use.money is money what ever guise it comes under.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
17 November 2010
20:3680566brian
the euro is now struggling against the pound and is likely to continue that way, i have been banging on for a year now that germany will be the first ditch the euro, the electorate there are demanding it.
mrs merkel said the other day that the end of the euro would signal the end of the bureaucracy.
that will take a long time though, the gravy train riders will put many obstacles in the way of it to protect their sinecures.
17 November 2010
20:3880567Nice thought to keep us warm this Winter though.........
Guest 698- Registered: 28 May 2010
- Posts: 8,664
17 November 2010
20:4080568Brian I like your puns, even if your argument is nonsense. A country needs to be able to control its exchange rate and interest rates otherwise it loses control of its economy.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
17 November 2010
20:4180569ok howard i havent herd this theroy but will be watching and waiting to see if it becomes true.but in my mind i can see the round dissapering sooner than the euro.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
17 November 2010
20:4380572I don't think the Sun covers this subject much in its editorials.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
17 November 2010
20:4880576peter,i dont read the sun or its sister papers as i find them rather offencive.i do read the mirror somtimes or a broadsheet now and then.otherwise its thenews itv/bbc/sky news or the internet news sites.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
17 November 2010
21:0880580boobys
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
17 November 2010
21:1580583barryw/john buckly please read and enjoy.
ft,com/brusselsblog.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
17 November 2010
21:4280590John
thankyou for your imput, of course you come from a biased viewpoint.
there are as others point out differing views to your own.
So yes i read the postings but still remain unconvinced that pulling out is the answer
ALL POSTS ARE MY OWN PERSONAL VIEWS