Archive for May, 2012
All the more reason for we the Irish to vote no in this treaty change as we will become libel for the gambling German finance Minister
Schäuble’s outline plan for FU is a totalitarian accident waiting to happen
One man’s poison….
There was more Domesday scariness from the National Bank of Greece on Tuesday. If Greece exits the euro, its latest report suggested, the events would lead to a devaluation of the new currency by 65%, a GDP nosediving by 22%, 34% unemployment, and income per capita nearly halving to 55%.
But you ain’t heard the half of it: Sovereign finance will be impossible to find, initial inflation will therefore (?) be at 30% – and keep rising until any and all advantages of the drachma’s reinstatement have been wiped out.
But on the other hand, here’s some news about what’s likely to happen while there is even a risk of Greece leaving the eurozone: this morning, two of the world’s biggest trade credit insurers stopped providing cover for exporters to Greece “on concern that the…
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The 61-year-old electrician and father of two, identified only by the name Alexandros, had owed money to banks and the tax office that he was unable to repay, according to police.
Greece, which used to have one of the lowest suicide rates in the world, has seen a surge of people taking their own lives since it was plunged into the euro zone’s worst economic crisis. Experts say the suicide rate probably doubled last year.
In his anguished suicide…..
By Thomas O Cleirigh
Well I have just come back from Voting and I have done my small part in trying to keep Ireland an independent sovereign nation. The Governments attempt to coheres the Irish people by bullying, scaremongering and downright lying to them in trying to get us to seed our independence to unelected faceless gangsters in Berlin and in the ECB is a all time low .These collaborators will face the people soon enough and they will get their just rewards with a firm booth up the backside and hopefully their perks and pensions will be forfeited because of their treachery. It’s time to get tough with this con artist in the Dail!
God Save our Independent republic of Ireland!
- We should default on this odious debt now ! (thepressnet.com)
- we the people are not sheep! (thepressnet.com)
- Wake up Ireland and get up off your knees! (thepressnet.com)
- if you want to continue to be slaves of the bankers and pay the cost of your own slavery vote yes (thepressnet.com)
- Irish Government lies have been exposed (thepressnet.com)
- Anonymous,important message to the people of ireland.(Fiscal compact treaty referendum) (thepressnet.com)
- Lying Politicians And Words they use to get away with it (thepressnet.com)
By David Mc Williams
In early 1931, the German government under the stewardship of its finance minister, Bruhning, was facing an enormous economic challenge. The economy was contracting rapidly but Germany was dependent on loans from the US to maintain the Gold Standard’s exchange rate. In order to qualify for these loans, the Germans followed orthodox policies, the sort that peripheral Europe is following now, to stay in the monetary union.
But qualifying for loans is very different from being able to pay them back. If you doubt this, ask the thousands of Irish people who “qualified” for loans in the credit splurge and now find themselves in an impossible position.
But as long as Germany followed austerity policies in the face of the recession, which soon became a depression, it secured the financing of its government deficit. So although the deficit was still in place (like Ireland now), the government’s commitment to austerity was enough to allow it to qualify for the loans from the US.
But the economy kept contracting
- Government needs to give treaty a harder look (thepressnet.com)
- Eurozone crisis live: Ireland votes on EU fiscal treaty – The Guardian (guardian.co.uk)