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Would this work

  • 02-12-2010 5:53pm
    #1
    ilovesleep
    Closed Accounts Posts: 3,619 ✭✭✭


    Im on boards mobile so cant provide a link. was reading the local paper and in it there was a letter with a suggestion. dont know how true this is but apparently there is 98million in savings in ireland. can the country borrow from the people instead of taking the eu/imf bailout. its what michael collins did in 1922 - he borrowed from the people.


Comments

  • #2
    later12
    Closed Accounts Posts: 11,299 ✭✭✭✭later12


    We spend about 55 million euro a day on social welfare.
    Does that answer your question?

    Anyway, I presume you mean billion. Or at least I hope so. In which case you have to take account of the loss of funds from these savers and the impact of that in itself on the banks and consumer behaviour.


  • #3
    ilovesleep
    Closed Accounts Posts: 3,619 ✭✭✭ilovesleep


    Yes meant billion.


  • #4
    Pete_Cavan
    Registered Users, Registered Users 2 Posts: 7,226 ✭✭✭Pete_Cavan


    ilovesleep wrote: »
    Im on boards mobile so cant provide a link. was reading the local paper and in it there was a letter with a suggestion. dont know how true this is but apparently there is 98million in savings in ireland. can the country borrow from the people instead of taking the eu/imf bailout. its what michael collins did in 1922 - he borrowed from the people.

    Our problem is that the government decided that the taxpayer should carry the cost of recapitalising the bank. Basically your plan is to take the money from the banks and then give it back to the banks.


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