Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
low interest rates inevitabley leads to loose monetary policy , unfortunatley the ECB kept interest rates low in the early years in order to try and boost germanys struggling economy , the low interest rate enviroment suited the large german and french banks , they could lend money to small banks in the likes of ireland who themselves lent to irish people itching to get on the property ladder
isnt it amazing that here we are on a mere internet forum and the difference of opinion is entrenched , what can it be like between the descision makers at political level
btw , during the early years of the euro , germany and france both allowed their debt to GNP ratio to rise above 3% , thus breaking one of the rules , ireland never did this until the disastrous banking guarentee of 2008 , lets try and remember that germany has not always had an impecable record during the eurozone project and peripheral countries like ireland were at one time model citizens
Well Irelands fault. Should have joined the pound instead. They have no one to blame but themselves.
Stop blaming the Germans. Ireland enjoyed the boom up until 2008 which was never there before. Just be glad for the few good years you had, now things are back to normal.
No tax audits in election years doesn't mean those exact same year's tax returns can't be audited in the following year or the year after that.
No. However, that didn't happen either. Tax evasion - can you call it that, when the Gvt. doesn't even try? - was systemic.
The Greek Gvt. bought popularity among the rich by making them basically tax exempt, among the poor but promising them all sorts of great stuff and made up the difference by issuing IOUs to anyone naive enough to buy them.
A lot of German exports are industrial in nature. I'm not seeing them taking much of a hit on that list.
Their economy grew at .5% last quarter. If their trading partners are taking hits they are taking hits. I wouldn't be the least bit surprise if second quarter GDP is negative for Germany.
Well Irelands fault. Should have joined the pound instead. They have no one to blame but themselves.
Stop blaming the Germans. Ireland enjoyed the boom up until 2008 which was never there before. Just be glad for the few good years you had, now things are back to normal.
if i want information delivered in a crude high handed manner , il at least ask someone who is well informed on the issue , the issue is more nauanced than you realise
if i want information delivered in a crude high handed manner , il at least ask someone who is well informed on the issue , the issue is more nauanced than you realise
The truth is Ireland did live well then it fell apart.
if i want information delivered in a crude high handed manner , il at least ask someone who is well informed on the issue , the issue is more nauanced than you realise
I know it is very cruel. But the truth hurts , Baby.
But it seems like the Irish are good foot soldiers. Bowing down to their German Masters.
The truth is Ireland did live well then it fell apart.
another sophisticated subtle classic , ireland is actually doing reasonabley well right now , once we get our banking debt crisis dealt with , we should be ok , of course that will mean not showing so much respect to the germans , doing what the germans wanted ( guarenteeing all bank debt ) was what hobbled us
Apparently you will be very soon.
As far as this country is concerned I would love some austerity. We can learn a lot from the Germans, in terms of living within our means.
ireland is actually doing reasonabley well right now , once we get our banking debt crisis dealt with
Good for Ireland. I hope it has learned its lesson (Ireland has still over 14 % UE, though. Over twice that of Germany, and three times as much as Austria).
Merkel coming in and saving the day.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
