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referendum

  • 16-02-2011 1:18pm
    #1
    busbrokers
    Registered Users, Registered Users 2 Posts: 36 ✭


    Would you consider running a vote as to whether we should "burn" the bondholders. The question is should the government ask the people in a referendum what their views are on this.......busbrokers!


Comments

  • #2
    ednwireland
    Registered Users, Registered Users 2 Posts: 14,573 ✭✭✭✭ednwireland


    i personally beleive its going to happen sooner or later, just the eu want to sure up the euro first.

    as to a referendum probably not, anyone going to say no ? i certainly wouldnt (if i had a vote in a referendum)

    My weather

    https://www.ecowitt.net/home/share?authorize=96CT1F



  • #3
    ixtlan
    Registered Users, Registered Users 2 Posts: 1,213 ✭✭✭ixtlan


    No.

    If we had voted directly on government policies during the boom we would have.... well arrived pretty much in the same place. Imagine...

    Lower or higher taxes ..... lower...
    Lower or higher public spending.... higher...
    Spend the surplus now or save... spend...
    Curb the property bubble, leading to job losses and lower revenue... what do you think?

    If you were to have such a vote, you would want to get some clarity on exactly what would happen if we voted to unilaterally burn the bondholders. Sinn Fein et al do not really go into this. Sometimes there is a choice between something really really bad and something catastrophic. The proponents of burning point to certain economists who say it's crazy what was done... and there is truth to that... but the craziness is connected to how the ECB and EU responded to the crisis. To say that we alone could decide how to proceed with no negative consequences, is nonsense.

    ix.


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