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Kenny to push for debt deal after Yes vote

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Comments

  • #102
    coolshannagh28
    Registered Users Posts: 1,478 ✭✭✭coolshannagh28


    It's pretty obvious now that Ireland has no cards left to play ,the spotlight has moved on we are old news . We had a window of opportunity for a couple of years when we had leverage ,that passed last week ,we now have to make the reforms required of us 5 years ago .
    We may get some relief as Spain and Italy succumb but not anything like that once
    expected .
    We are bound now by the fiscal compact ,it will be used to ensure real structural reforms are carried out in our public service and general spending . This will be painful but necessary ,expect strikes ,strife, a change of government and ultimately default .


  • #103
    Good loser
    Registered Users Posts: 3,212 ✭✭✭Good loser


    coolshannagh28 wrote: »
    It's pretty obvious now that Ireland has no cards left to play ,the spotlight has moved on we are old news . We had a window of opportunity for a couple of years when we had leverage ,that passed last week ,we now have to make the reforms required of us 5 years ago .
    We may get some relief as Spain and Italy succumb but not anything like that once
    expected .
    We are bound now by the fiscal compact ,it will be used to ensure real structural reforms are carried out in our public service and general spending . This will be painful but necessary ,expect strikes ,strife, a change of government and ultimately default .

    I would say possibly rather than ultimately.

    Re Sands post I think the ECB through lending €100m at 1% plus the cut in the rescue interest has been a major benefit to us by Germany.

    The rest is up to ourselves.


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