Ireland follows Greece

AVN_1

Today was the darkest day in the history of Irish democracy when majority of our population voluntarily surrendered our country to Germans. But, this is not the end of the story as shortly Ireland will follow Greece in its Euro quagmire. From now on thumbs down on Ireland.

Eggy Baby!

Actually only 47% turned out to vote so there's still hope for the Irish people yet!

i voted 'no' but i honestly don't think its going to change THAT much

BluntGuy

AVN_1 wrote: »

...this is not the end of the story as shortly Ireland will follow Greece in its Euro quagmire...

Curious to know how you think this will happen.

mike65

People who try to compare Ireland to Greece should at least understand how big the gap between the two is. Greece is being thrown back to a previous era of poverty, Ireland has turned the clock back about 8-10 years. Greece makes nothing the rest of the world wants (even feta can be made anywhere!) Ireland makes a lot of what the world wants. Yes or no we're on a crash diet, at least with a yes we have a better idea of the price of what food we eat will be (awkward analogy I know).

AVN_1

BluntGuy wrote: »

Curious to know how you think this will happen.

Soon we will need another bailout, which would require additional austerity. That austerity would prevent us from meeting the new targets and we would need the third bailout, and so on...vicious circle.

paul71

AVN_1 wrote: »

Soon we will need another bailout, which would require additional austerity. That austerity would prevent us from meeting the new targets and we would need the third bailout, and so on...vicious circle.

So you think that if we were to need another bailout, and we had denied ourselfs the source of cheap funds that we would not need even more sever austerity?

Blowfish

AVN_1 wrote: »

Soon we will need another bailout, which would require additional austerity.

How exactly did you work that one out? The additional bailout is because the bond yield is still too high to borrow on the markets, it has nothing to do with increasing our deficit.

BluntGuy

AVN_1 wrote: »

Soon we will need another bailout, which would require additional austerity. That austerity would prevent us from meeting the new targets and we would need the third bailout, and so on...vicious circle.

If we accept this would happen, how would voting "no" to the treaty have prevented it?

AVN_1

mike65 wrote: »

People who try to compare Ireland to Greece should at least understand how big the gap between the two is. Greece is being thrown back to a previous era of poverty, Ireland has turned the clock back about 8-10 years. Greece makes nothing the rest of the world wants (even feta can be made anywhere!) Ireland makes a lot of what the world wants. Yes or no we're on a crash diet, at least with a yes we have a better idea of the price of what food we eat will be (awkward analogy I know).

Nobody disputes our export capabilities yet, however it won’t be enough to revive the economy, balance our books, reduce unemployment, and significantly reduce our public debt (bank debt inclusive). Especially as long as we are in the Euro Zone. Eventually it would drag us into the same downward spiral as Greece.

AVN_1

BluntGuy wrote: »

If we accept this would happen, how would voting "no" to the treaty have prevented it?

Our "No" vote could be the first step in our exit from the Euro Zone. The exit our economy urgently needs.

Bullseye1

In case you haven't noticed it was our own previously elected (3 times too) government that surrendered our sovereignty to the IMF/EU/ECB. Instead of getting drunk everytime we have a few bob in our pockets how about being alittle more prudent. I'm all for not spending more than we bring in.

VinLieger

AVN_1 wrote: »

Our "No" vote could be the first step in our exit from the Euro Zone. The exit our economy urgently needs.

Still havent answered the question to how voting no and in your opinion ultimately exiting the euro would magically mean less austerity?

BluntGuy

AVN_1 wrote: »

Our "No" vote could be the first step in our exit from the Euro Zone. The exit our economy urgently needs.

How would exiting to the euro zone prevent...

...another bailout, which would require additional austerity. That austerity would prevent us from meeting the new targets and we would need the third bailout, and so on...vicious circle.

PopeBuckfastXVI

BluntGuy wrote: »

How would exiting to the euro zone prevent...

That's the thing about magic bullets, they don't require explaining, they just work.

Oh, and the other thing, which is that they don't exist...

The Corinthian

VinLieger wrote: »

Still havent answered the question to how voting no and in your opinion ultimately exiting the euro would magically mean less austerity?

He is not going to.

Unless you hadn't noticed, AVN_1's account began posting a few days ago solely on the topic of the Euro and the Fiscal treaty referendum. His modus operandi has been to start threads or simply post making various claims, in simple emotive language or via an article that he wishes to highlight.

When challenged on the veracity of anything he says, the question will go ignored or deflected (e.g. directing posters to read his/her previous posts, even though they have just as little substance).

It's a classic example of soapboxing that relies on FUD (Fear-Uncertainty-Doubt) tactics to scare the reader into accepting something without any real reason, let alone evidence.

As such, AVN_1 will not answer or otherwise back up his claims because he cannot. Either he has no actual knowledge of economics and thus is unable, or knows that the economic arguments are flawed, but are more likely to convince than those that represent his true motivation. Actually answering and defending what he's saying is not in his interests.

K-9

OP doesn't meet the required standards, plus the OP has other threads to stand on his soapbox.