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Ireland on the Brink !

luvpump
luvpump Posts: 1,621 Forumite
Part of the Furniture Combo Breaker
in Debate House Prices & the Economy
http://www.telegraph.co.uk/finance/5117898/Irish-government-to-deliver-emergency-budget.html

“ A very grave national crisis” & that from Irish Finance Minister Brian Lenihan :eek: ..
«13

Comments

  • arcalis
    arcalis Posts: 34 Forumite
    Part of the Furniture Combo Breaker
    Real catastrophic news for the Irish. They are going to struggle for some time.

    That Gordon Brown has a lot to answer for!
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    arcalis wrote: »
    Real catastrophic news for the Irish. They are going to struggle for some time.

    That Gordon Brown has a lot to answer for!

    As much as I would like to it would be difficult to blame him for the republic of Ireland's problems:)
  • System
    System Posts: 178,376 Community Admin
    10,000 Posts Photogenic Name Dropper
    Really2 wrote: »
    As much as I would like to it would be difficult to blame him for the republic of Ireland's problems:)

    I don't think facts have any place when there's a misplaced rant at the PM on the cards. ;)
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • LisbonLaura
    LisbonLaura Posts: 1,121 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Really2 wrote: »
    As much as I would like to it would be difficult to blame him for the republic of Ireland's problems:)

    Why not? - The Brown person has played the 'global' card more than any other banker's puppet to cover his crimes, so he is fair game IMHO.

    Global is as Global does
    err, well something like that :)


    Though I guess I should remember that ROI house prices (& thus lending) even outdid the UK for lunacy
  • Jennifer_Jane
    Jennifer_Jane Posts: 3,237 Forumite
    1,000 Posts Combo Breaker
    I thought the Irish Premier had, actually, blamed Gordon Brown. If he can, we can!

    Jen
    x
  • arcalis
    arcalis Posts: 34 Forumite
    Part of the Furniture Combo Breaker
    arcalis wrote: »
    That Gordon Brown has a lot to answer for!


    Apologies, it seems my thinly veiled attempts at irony were better disguised than i realised! I promise i won't do it again.
  • LisbonLaura
    LisbonLaura Posts: 1,121 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 7 April 2009 at 2:28PM
    arcalis wrote: »
    I promise i won't do it again.

    I believe it is compulsory t do it at least once a year?.

    & I'm sure I remember you quoting yourself at the 1959 Labour conference in Brighton? ;)

    Ah, no, sorry that was a guy called Wilson
  • amcluesent
    amcluesent Posts: 9,425 Forumite
    edited 7 April 2009 at 7:00PM
    No-one seems to have a description for how a sovereign nation, but which is part of a single currency zone, can go pete tong by itself. After all, they can only manipulate tax but not interest rate - the contradiction is glaring.

    Other nations are in a race with competitive devaluations, but Ireland is unable to retain any manufacturing which is all going to Poland.

    There is no 'wealth' just a spiral of debt triggered by easy money of EU grants, many Irish peeps left in a bad position now! But there's always the potato, so there is.
  • beingjdc
    beingjdc Posts: 1,680 Forumite
    On the plus side among their tax rises they have reduced Buy to Letters' ability to offset interest against rent, now you can only count 75% of the interest. Good model for us to follow, maybe!
    Hurrah, now I have more thankings than postings, cheers everyone!
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    It'll never happen here.
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