What if...??? The "International Financial Markets", don't like our government???

Darragh29

Here's one that's starting to get on my wick... Lately all the talk is about "international confidence", and "investor confidence", "ratings agencies", etc.

Now what if the people who we've elected to run the country are not acceptable to these mysterious groups that we are trying to placate lately???

How does that fare out for democracy???

Sand

It has no impact on democracy really. We can still vote in a shower of incompetent muppets. The international markets just wont give their money to said crowd of incompetent muppets. They have no particular obligation to bankroll incompetent muppetry for the good of democracy.

NewDubliner

I think that in big business, sentiments such as 'like' or 'dislike' are not the factors. Cold calculations are made.

Withe the loan sharks, the game is to make money. All countries from boring, safe-banks Canada to high-risk Somalia are investable. It's a question of risk managment & squeezing borrowers such as Ireland for the best rate they can get.

At the same time, the vultures will try to limit the availability of credit and investment in the hope of forcing fire-sales of public utilities. The game is to force the government into a corner and limit its options. IN&M are very much on the side of the vultures, remember Eircom?

Firetrap

No I don't think so. It'd be more likely to be a reflection on how the government's been handling the likes of the banks.

Mr.Micro

The same faces responsible for the bust of our economy are still there, so common sense dictates that there will be no confidence from the international onlookers in those faces getting it right.

nesf

Firetrap wrote: »

No I don't think so. It'd be more likely to be a reflection on how the government's been handling the likes of the banks.

Yes and no. The biggest problem is the size of our budget deficit in combination to worries about how much the banks are going to cost out Government.

Very realistic worries for anyone thinking about lending money to this country to be fair about it.

lostexpectation

there not acceptable to us either, nearly every party that was in power has been chucked out (cept .ie and .uk) and even those who weren't in power many of them have gone or are in trouble.

oscarBravo

Darragh29 wrote: »

Now what if the people who we've elected to run the country are not acceptable to these mysterious groups that we are trying to placate lately???

How does that fare out for democracy???

We have the option to take those factors into account when electing a new government. In other words, we can vote for a government that we feel will inspire international confidence and help to rebuild our tattered economy.

Or we can ignore them, vote for a shower of donkeys, and deal with the consequences. That's the beauty of democracy: we get the government we deserve.

El Stuntman

oscarBravo wrote: »

We have the option to take those factors into account when electing a new government. In other words, we can vote for a government that we feel will inspire international confidence and help to rebuild our tattered economy.

Or we can ignore them, vote for a shower of donkeys, and deal with the consequences. That's the beauty of democracy: we get the government we deserve.

a good post, we have the inalienable sovereign right to elect criminals and thieves to government (as we have done repeatedly) but when the big boys who bankroll our stupidity decide they have no faith in said criminals and thieves, that is very much our problem