Well said….

Ann

Do you normally give people cheques that bounce or leave unpaid bills all around your neighbourhood or among your friends. Do you approve of businesses who buy their raw materials from factories and then refuse to pay ?
How about builders who sub contract all of the building work to self employed tradesmen and then do a runner after the homeowner pays them?
Does this sound like you Ann………………..because that’s what your contribution is promoting.
European Banks lent monies to Irish Banks because they thought they were dealing with an honest system in an honest country and all of the money that came from these Banks was lent to all sorts of businesses and individuals within this country.
Somehow you want to blame ……………the banks in Germany?
Did you lose somebody in the war Ann?
That’s the logic of your position or the immorality of it!

If anne was known to bounce cheques and leave unpaid bills around the place, and had no apparent means to repay a loan …. would you lend her a million?

Paddy I guess it has escaped your attention that Nations defaulting is not an totally uncommon and one of the ways unsustainable debt is dealt with? Do you not think that the lender be they International banks or your local Irish bank branch or Credit Union have / had a duty of care to ensure for their own share holders that the money they were lending had a reasonable chance of being paid for?

The Greeks have two weeks before they’re exit from the Euro. The monies owed will be proportionately levied on all Member States until the Greeks repay the sums owed.Greece wii suffer ten to fifteen years of untold misery and all because of their lies and cheating.Dont let it happen here.

“15 years of untold misery” farcical Paddy farcical. If you don’t believe me just ask the people of Iceland or read the IMF report on Iceland. If the Greeks default they will not be paying back any sums owed because they will be defaulting. You do understand the meaning of the word ‘default’?

The ONLY people who are looking at 15 years of austerity are us.

They need to reorganise their economy along socialist lines.

They still need to balance their books no matter what system they use

At least it will be legitimate austerity.

“…even if they default they will still have to balance their budget…”

No, they won’t. Default almost certainly means Euro exit. In which case they will be issuers of their own sovereign currency & need borrow from no-one to spend & recover their economy.

You’re not alone tho’ steve

Ireland’s economists, media & educators have a lot to answer for with regard to the abysmal level of ignorance in even basic macro economics & monetary systems.

Works well for the top few percent tho’ to peddle the ‘TINA’ mantra eh?

Mine too. After 80+ years of civil war parties pillaging our nation and selling us out for 30 pieces of silver at every opportunity, I’m willing to give them a chance.

But unfortunately the journal is a small sample of the electorate.

The ULA are the genuine, principled left alternative; they’ll be getting my vote.

The Journals poll bears no relation to reality.
Last weeks poll of a representative group showed them losing 4% to FF of all people.
The revolution is a while off yet I fear!!!

Sinn Fein will never be in Government in the Republic of Ireland as thankfully the vast majority of the electorate can see through their manure and see them for what they really are, wolves in sheeps clothing. As for the United Lunatic Alliance, its October 23rd not April 1st….a bunch of halfwits at best with zero clue of the real world…

Should have gone to Spec Savers.

Ooh sorry they don’t do brain transplants.

toorkeel, aren’t you the bloke that had the unionist icons on their profile previously?

If you consider the poll results that put FF as the second major Party in the country at the moment. You will be left with no alternative but to accept that FF/SF will be the core parties in the next government.Some of the larger national polls are leaning this way as well.If you really believe that FG/LAB can somehow perform some major turnaround in the polls ,well then the picture changes….for now though that is not looking likely.We are told that a week is a long time in politics so it follows that anything is possible…..I go with the core FF/SF makeup,with the usual compliment of independents. There are only few cocktails on the menu.

I can only imagine how this Nation will fare in terms of inward investment were we to default. However there are people out there that have no moral scruples in terms of shafting others and have no National pride either. Sure aren’t we just a bunch of drunken uneducated Paddies with no moral compass anyway!
Didn’t we have 800,000 bogus non resident bank accounts.
Don’t we have 700,000 people who don’t pay their taxes.
Defaulting on our debts should be simple for this great Nation.
Once Again guys!

Why don’t you do a bit of research on inward investment if a country defaults Paddy? Or just type in to Google list of countries that have defaulted. You’d be surprised at what countries are listed. Otherwise you could just Google the IMF report on Iceland. You know the last country who defaulted who oddly enough are seeing their unemployment rate dropping, have access to the bond markets again and are experiencing incredible growth in their exports.

Strangely enough they got into difficulties in 2008 same time as Ireland. That is the only similarity. The Icelandic people removed their government and started again. Sadly we elected FF lite.

Trying to pay off an unsustainable debt has nothing to do with National pride. It has more to do with blind stupidity. Next you will be calling for people to pull on the green jersey.

@werejammin…..What’s your point?

Paddy Rodgers you moron!!!! ‘Our debt’ get a grip you idiot….it’s not the debt of the working man, it’s the debt of the greedy bastards who brought this on us….

Sean, some of them are already starving and some sadly are self harming. At least if they do default they can regain control of their own currency and start again. Greece as a cheap holiday destination? Sounds good to me with the foods they produce, some nice wines and decent weather to boot. Sounds a lot better to me then a diet of spuds and 10 or more years of austerity.

They’re entitled to a decent wage, you plank.

Ah the good old “Entitled” defense! I am entitled to this, entitled to that, gimme gimme gimme. Who pays? Not my problem, gimme gimme gimme

Who pays? Capital pays labour. This is fairly basic stuff.

Entitled? Yes, entitled.

The last country that pulled the plug voluntarily was Iceland in 2008. Oddly enough they are back in the bond markets maybe Ireland should follow the Icelandic example? Or can you point to any progress made by any of the euro zone countries in a Troika program? Besides collapsing domestic economies and growing unemployment?

Iceland is very interesting but they nipped things in the bud quickly, they weren’t in the eurozone and they didn’t borrow loads of money before they let the banks hit the wall.

It might be different if Ireland did then what Iceland did then, but we can’t do now what they did then. It’s a different situation entirely.