Ireland is leaving the bailout, unaided!!

HerrScheisse

The financial mess could not have been fixed without hurting somebody. Without hurting a lot of people. But some would be hurt more than others, simple mathematics on what must be done to achieve more elbow room.

About the health service, judging by past records during the so called boom with the base of melting sugar, there was a decade where the finances were positively rosy. Dare I suggest peachy? Did Ireland have a terrific second to none health service then? I think not.

Ireland could have become another Albania given the straits it was landed. You cannot blame a derivative based mortgage crisis in the US on all economic woe, that would imply that the economy was not diverse nor resiliant. Or was not stimulated to be, perhaps the most damning accusation that can be aimed at the previous corrupt nepotistic quango salving administration. All eggs in one basket so to speak.

To exit a multi-billion euro bailout within a few years of an economic apocalypse, whilst Greece, Spain and Portugal are still stuck in the mire, speaks nothing short of good leadership. To speak of a nasty inheritance...

And that is notwithstanding the Magdelin laundry recognition, the resistance to Vatican cover up of sex crimes. One of the most proper thinking humanist administrations in recent times in my opinion.

But you cannot do good by everyone. At least Ireland has some respect again. Especially considering the squandering of international good will by government in recent years. Good Friday was in actuality a tasty inheritance for the previous administration, thank you Albert Reynolds for laying the base.

kevin65

Mint Aero wrote: »

God bless FG. Truly an amazing leader Mr. Enda Kenny The Great is. History will remember him as a leader of epic proportions.

Hahahahahahahahahahahahahaha....................uh, you are joking aren't you????

seamus

listermint wrote: »

I am unsure as to why you received so many thanks.

That is the nature of politics..

And as for the bolded part, people are no different than the politicians that represent them, one party bitches about the other party. Have you watched what goes on in the dail.

This is pretty much my point.

It's all party bull****, none of it is about what's best for the country. You can see the microcosm here: "This is good news", "Ah yeah, but shure there are lots of people still leaving the country".

We seem to have 3 camps in Ireland - The people who support the parties in power, the people who oppose the parties in power, and the vast majority who oppose whoever's in power.

It's the Ray D'arcy style of commentary, always looking for a way to say, "Ah god, sure isn't it terrible, the state of the country", instead of taking individual things on their merits.

A politician could come in tomorrow, click his fingers and give everyone a job, a gold yacht and an ivory backscratcher and you'll have people immediately complaining that he's given away too much too easily.

HerrScheisse

It is also pleasant to have a national leader that does not have the bearing of a grubby used car salesman.

He actually does not look out of place unlike some that turn up with a gurn and a grin in a canary yellow suit in the annual Euro photo.

Anyone

I suppose this goes, in some small way, towards the blueshirt's giving away the North in 1921.

Mint Aero

kevin65 wrote: »

Hahahahahahahahahahahahahaha....................uh, you are joking aren't you????

No.

Calibos

We should have always had property taxes and water charges etc. The only problem is that they were done away with over the years in Giveaway FF budgets and had to all be brought back in in the space of 3 years.

Heisenberg1

TheBoffin wrote: »

na na na na leader

TheBoffin

na na na na leader

I couldnt find a decent video of it

kevin65

Mint Aero wrote: »

No.

Oh sweet jesus! Get yourself over to your GP as soon as you can to find out what the matter is:eek:

jimgoose

HerrScheisse wrote: »

The financial mess could not have been fixed without hurting somebody...

Herr Professor-Doktor Günther Gruhn, I presume??

Dyr

it's the equivalent of a fella getting up after a three day bender, picking up his car keys and staggering out the door slurring "i'm perfectly okay"

HerrScheisse

jimgoose wrote: »

Herr Professor-Doktor Günther Gruhn, I presume??

Nein :pac:

TheBoffin

Herr Professor-Doktor Günther Gruhn, I presume??

Hello Pixie Heads!

jimgoose

TheBoffin wrote: »

Hello Pixie Heads!

Anyvun for ze few skoops, ja??

Mint Aero

kevin65 wrote: »

Oh sweet jesus! Get yourself over to your GP as soon as you can to find out what the matter is:eek:

I don't understand

We went from Babbling Bertie to Bumbling Biffo and now we have Epic Enda

TheBoffin

We went from Babbling Bertie to Bumbling Biffo and now we have Epic Enda

Magic Michael is on the way lol

keithclancy

chopper6 wrote: »

What has same sex marriage and legalised abortion got to do with an exit from a financial bailout??

Pulling out at the wrong time isn't an issue for same sex marriage anyway.

jank

Thrill wrote: »

http://www.irishexaminer.com/ireland/1000-irish-people-emigrate-a-week-241476.html

Those figures come from the CSO

Yet 1,000 people a week are either emigrating to Ireland or returning to Ireland.

However, the CSO figures show that immigration to Ireland is rising, with 55,900 coming to live here between Apr 2012 up to the same month this year. That represents a 6% increase on the number of immigrants who arrived during the same 12-month period to April 2012.

Of these new arrivals, some 15,700 were returning Irish, with a further 4,900 coming from Britain. Another 7,400 came from western Europe, with 10,900 coming from eastern Europe, Cyprus, and Malta. Just over 17,000 new immigrants came from the rest of the world.

Net emigration is less than half of the headline figure of 1000 people leaving each week. One wonders what all these migrants do when they arrive as they cannot claim the dole. There must be jobs out there somewhere. Maybe irish people think some jobs are beneath them.
Tiger cub mentality alive and well in some quarters maybe.

Seamus is right, people generally like to moan, Irish people make it an olympic event.

jimgoose

seamus wrote: »

...It's more like leaving a bankruptcy arrangement and converting your debts into a mortgage.

People have been whinging for so long about loss of sovereignty and being under the kosh of Frankfurt, and then when we talk about taking control back they whinge about what a bad idea it is.

It just confirms for that most of the Irish electorate don't want anything more than to be able to bitch about the government.

Except the Germans will be "checking our homework" for evermore. Sovereignty my arse. We'll see what the bond yields are like after Christmas, when we're finished congratulating ourselves and having ze few skoops!

kevin65

Mint Aero wrote: »

I don't understand

We went from Babbling Bertie to Bumbling Biffo and now we have Epic Enda

I like the bit of alliteration as much as the next man, but 'Epic Enda'? Should it not be 'Effin Eejit Enda' or something similar?:D

HerrScheisse

jank wrote: »

Yet 1,000 people a week are either emigrating to Ireland or returning to Ireland.



Net emigration is less than half of the headline figure of 1000 people leaving each week. One wonders what all these migrants do when they arrive as they cannot claim the dole. There must be jobs out there somewhere. Maybe irish people think some jobs are beneath them.
Tiger cub mentality alive and well in some quarters maybe.

Seamus is right, people generally like to moan, Irish people make it an olympic event.

People leaving is a problem. The reverse is a positively good sign.
Tiger cub mentality should no longer be a consideration after what has occurred. I foolishly thought that Ireland would be above such baseless class differences.

theblaqueguy

Off life support but the injuries will take decades to heal.

Ireland have got the fiscal requirements in line with perceived norms but their debt is so large, taxpayers having underwritten all the bank bondholders that they can only afford to pay the €7 Billion pa interest. It follows they are hoping growth and inflation will come to their aid. However when EU year on yera inflation is only 0.8% and growth in Ireland only 0.2% it will take decades. The mighty EU and ECB hung Ireland out to dry...the bondholders could not believe it nor could the taxpayers. !5 developers and 5 main banks brought the whole innocent population to their knees and there they will stay for the foreseeable future.

keithclancy

HerrScheisse wrote: »

People leaving is a problem. The reverse is a positively good sign.
Tiger cub mentality should no longer be a consideration after what has occurred. I foolishly thought that Ireland would be above such baseless class differences.

Its Irish people wanting it to a bad thing.

People ask me if I left because of the recession, when I tell them I didn't they are visibly upset.

RobbingBandit

TheBoffin wrote: »

Magic Michael is on the way lol

Eejit Enda and Muppet Michael more likely.

General General

& with our triple A rating intact!!!!!!!!!!!!!!!

\0/

Winners.

Jester252

beakerjoe wrote: »

If they manned up, they would of hit higher earners harder.

Do you not know how the Irish tax system works?
More the you make the more you pay.

OldNotWIse wrote: »

Whinging about what the party before you did every time you're called over something is not manning up.

Yeah they got us where we are by raping our salaries and cutting home help and resources for sick children and.....yeah, thats all real manly.

They didn't whinge about FF all the time and when they do is because people blame them for the economic mess. Your not going to admit to a murder you didn't do.
If they didn't make cuts we would still be at the bottom of the economic barrel. Looking to reduce the deficit without cutting expenses or raising taxes is a sinner mentality.

HerrScheisse

theblaqueguy wrote: »

Off life support but the injuries will take decades to heal.

Ireland have got the fiscal requirements in line with perceived norms but their debt is so large, taxpayers having underwritten all the bank bondholders that they can only afford to pay the €7 Billion pa interest. It follows they are hoping growth and inflation will come to their aid. However when EU year on yera inflation is only 0.8% and growth in Ireland only 0.2% it will take decades. The mighty EU and ECB hung Ireland out to dry...the bondholders could not believe it nor could the taxpayers. !5 developers and 5 main banks brought the whole innocent population to their knees and there they will stay for the foreseeable future.

I agree with you broadsidely, but suggest me an alternative course of action. And Iceland (not the frozen goods store), being outside the EU, and unrestricted (largely) by its laws, does not count. Accountability for previous actions is also good governance.

bear1

I don't think we have done too badly compared to a few other EU countries.
It could have been a hell of a lot worse, look at Greece - 2 bailouts (240 billion in the red and probably still rising), nearly thrown out of the Eurozone, near 30% unemployment and the end doesn't seem to be arriving.
Spain, is practically desolate. Again record unemployment and a shattered banking and housing market.
Italy is looking the same and France is getting closer and closer and now the EU is probing Germany.
As a whole, yes we did have to endure some very difficult choices but we have come out of it.
Our property market is getting healthier, construction is picking up nicely, economic growth isnt fantastic but growth is growth.
Our yields have fallen dramatically and markets have shown that.
I'm not a huge fan of the government, but I have to give it to them. They did what they said they would and got us back on our feet.

Mr.David

beakerjoe wrote: »

If they manned up, they would of hit higher earners harder.

....said the person with no understanding of the irish tax system