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Ireland: new round of cuts & tax hikes, even taxing water

Discussions about the economic and financial ramifications of PEAK OIL

Re: Majority of Irish want default, Europeans "went mad" at

Unread postby dissident » Sun 28 Nov 2010, 19:46:10

The financial crisis has a silver lining: the EUSSR project may unravel. How did it go from EC to EU spontaneously? Getting rid of trade barriers is not logically equivalent to setting up another level of government.
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby Sixstrings » Sun 28 Nov 2010, 19:47:46

$this->bbcode_second_pass_quote('Madpaddy', 'F')rom government website. "To the end of 2008 Ireland has received approximately €17 billion in Structural & Cohesion Funds support since joining the E.U. in 1973." Thats about what we are giving to the bailout from the Pension Reserve Fund and is only 3 years interest payments on the bailout.


So Ireland has to use pension funds just to cover the next 3 years worth of interest? That sounds like a hopeless situation.

$this->bbcode_second_pass_quote('', 'W')hy not give back the €17 billion, tell EU to Fxxk off, reduce corporation tax to 2% and get all the multinationals not already headquartered here to do so.


Isn't it too much grand global thinking that's gotten Ireland in this mess? An ultra low corporate tax rate can only benefit you for however long the international community allows it to -- so there's a catch 22 there, you can't tell the world to screw off and then expect that they'll let Ireland keep its global tax haven status.

Just my humble opinion, but I think basing an economy on attracting global corp HQ's is a house of cards.
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby Sixstrings » Sun 28 Nov 2010, 19:55:28

$this->bbcode_second_pass_quote('dissident', 'H')ow did it go from EC to EU spontaneously? Getting rid of trade barriers is not logically equivalent to setting up another level of government.


Geopolitically, it makes sense -- a strong EU state could stand toe to toe with the US, Russia, or China. The problem has been that the member nations have been screwing each other over (France, Germany and the north vs. the south).

It's also a very weak government.. sounds like our first national government, the Articles of Confederation. Luckily our founders figured out that wasn't going to work and they redesigned the government before it all fell apart. If Europe really wants to be a continental nation state, then you can't do it halfway -- you need direct elections at all levels, not rule by a politburo of unelected bureaucrats, and you also can't have two big states screwing over the small ones.
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby Madpaddy » Sun 28 Nov 2010, 20:04:08

Sixstrings,

Point taken about the unsustainability of basing our economy on multinationals. I think Ireland should get back to the basic things we really have going for us i.e. quality food production in an unpolluted environment, eco-tourism and green energy production and export (wind and tidal).
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby americandream » Sun 28 Nov 2010, 20:16:51

At least the Supreme Soviets represented workers. This lot are so deep in the pockets of capitalists, they've lost all notion of what daylight looks like. There is nothing more foul than a dictatorship dedicated to lining the pockets of a fat and obese nobility and bourgeoisie class.
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby americandream » Sun 28 Nov 2010, 20:19:14

$this->bbcode_second_pass_quote('Madpaddy', 'S')ixstrings,

Point taken about the unsustainability of basing our economy on multinationals. I think Ireland should get back to the basic things we really have going for us i.e. quality food production in an unpolluted environment, eco-tourism and green energy production and export (wind and tidal).


Lets not forget, most multinationals started off on a local street corner or in someone's garage or basement
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby Plantagenet » Sun 28 Nov 2010, 20:47:54

I don't see how the enormous real estate bubble in Ireland, and the unsustainable government deficits in Greece, Portugal, and Italy are the fault of the EU. Greece lied to the EU for years about the size of its deficit, Spain lied about employment and deficit spending, and while the Irish didn't run a deficit, the Irish did nothing themselves to deflate the huge real estate bubble that occurred in their country.

I find it curious that the Irish (and the Greeks, Spanish, Portuguese, etc.) are so angry at the EU and Germany for bailing them out.

If the Irish don't want the bailout, then they should tell their government not to sign the agreement and not to take the bailout money from the EU. If the Irish want to deal with the problems themselves then they should elect a new government that will withdraw from the EU and reissue their own currency and deal with their financial issues internally.

If the Irish aren't willing to withdraw from the EU, then they are stuck with the EU and its rules.
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby Pretorian » Sun 28 Nov 2010, 22:02:33

$this->bbcode_second_pass_quote('Madpaddy', 'S')ixstrings,

Point taken about the unsustainability of basing our economy on multinationals. I think Ireland should get back to the basic things we really have going for us i.e. quality food production in an unpolluted environment, eco-tourism and green energy production and export (wind and tidal).


How much cash does it bring now? Probably a negative amount, considering subsidies.
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby americandream » Sun 28 Nov 2010, 23:59:49

$this->bbcode_second_pass_quote('Plantagenet', 'I') don't see how the enormous real estate bubble in Ireland, and the unsustainable government deficits in Greece, Portugal, and Italy are the fault of the EU. Greece lied to the EU for years about the size of its deficit, Spain lied about employment and deficit spending, and while the Irish didn't run a deficit, the Irish did nothing themselves to deflate the huge real estate bubble that occurred in their country.

I find it curious that the Irish (and the Greeks, Spanish, Portuguese, etc.) are so angry at the EU and Germany for bailing them out.

If the Irish don't want the bailout, then they should tell their government not to sign the agreement and not to take the bailout money from the EU. If the Irish want to deal with the problems themselves then they should elect a new government that will withdraw from the EU and reissue their own currency and deal with their financial issues internally.

If the Irish aren't willing to withdraw from the EU, then they are stuck with the EU and its rules.


Actually, the Irish have consistently expressed negative sentiments at deepening accession into the EU. It has been the Germans and French who have been pushing the project...ultimately with a view to creating a US style capitalist superhaven on the continent. Britain is essential for the project as it's English common law and financial institutions are essential for recreating the sort of legal dynamism we find in the US, the same dynamism that saw American law firms inventing increasingly more exotic securitisation vehicles.

So to the extent that the average Irishman is pissed off at the machinations of Berlin and Paris, they have good reason to. Of course, you being a corporatist flunkie, nothing less than the theft of your dentures will suffice to turn you round. :lol:
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby Plantagenet » Mon 29 Nov 2010, 00:11:11

$this->bbcode_second_pass_quote('americandream', ' ')theft of ... dentures ...


If someone has stolen your dentures, try carving some new ones out of wood. It will give your little mind something to do.

Cheers! :-D
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby americandream » Mon 29 Nov 2010, 00:48:02

$this->bbcode_second_pass_quote('Plantagenet', '')$this->bbcode_second_pass_quote('americandream', ' ')theft of ... dentures ...


If someone has stolen your dentures, try carving some new ones out of wood. It will give your little mind something to do.

Cheers! :-D


No doubt I'ld find a way to get round the loss of my choppers were it to come to that.

However, thats beside the point. A corner store man like yourself should realise by now that deregulating the economy does not simply mean freeing you up to sell ice lollies at all hours, a free market also includes the freedom to invent algorithms that enable speculators to fleece entire countries at cyber speed, including cyber speed bailouts. :lol:
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby Sixstrings » Mon 29 Nov 2010, 00:53:27

$this->bbcode_second_pass_quote('americandream', 'S')o to the extent that the average Irishman is pissed off at the machinations of Berlin and Paris, they have good reason to. Of course, you being a corporatist flunkie, nothing less than the theft of your dentures will suffice to turn you round. :lol:


Sounds like Franko-German tyranny, who would want to join up with that? 8O

The whole EU mess is a lesson that the American founders got things right.. equal power for small states, so that the biggest states don't get to run everything.
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby Cid_Yama » Mon 29 Nov 2010, 02:35:04

The last thing they want is for nations to default. Since the money was created out of thin air, they'ld rather just give you more. It's the power over you that your debt gives them that they want.

What's necessary is to call the game. Since the money is fictitious, the debt is too.

Time for a clean slate and tell these people to bugger off.
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The level of injustice and wrong you endure is directly determined by how much you quietly submit to. Even to the point of extinction.
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby Plantagenet » Mon 29 Nov 2010, 02:58:09

The Irish Government just accepted the 113 BILLION DOLLAR bailout from the EU

EU bails out Ireland

Not only that....the agreement stipulates that the Irish people will pay back the money, and the EU banks and the private bondholders of the banks won't lose a penny.

This sure doesn't seem like a very fair deal for the Irish people, since it isn't actually their debt. WHy should the Irish people get stuck paying for the folly of the banks? :roll:
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby EnergyUnlimited » Mon 29 Nov 2010, 04:12:13

$this->bbcode_second_pass_quote('Sixstrings', '')$this->bbcode_second_pass_quote('americandream', 'S')o to the extent that the average Irishman is pissed off at the machinations of Berlin and Paris, they have good reason to. Of course, you being a corporatist flunkie, nothing less than the theft of your dentures will suffice to turn you round. :lol:


Sounds like Franko-German tyranny, who would want to join up with that? 8O

The whole EU mess is a lesson that the American founders got things right.. equal power for small states, so that the biggest states don't get to run everything.

Sorry to say it in such form, but cultural and ethnic background of Europe is such that attempting American style federal governing is a plainly nonsensical, Utopian idea.
You must understand that Europe is battlefield of German, French, British, Spanish, Polish, Swedish and of course Russian interests.
Other nations are mere pawns in that game but some, notably Switzerland are wise enough and secluded enough to keep themselves out of this shit.

EU was an attempt to unite Europe under Franco-German leadership.

United Europe can only be run as an Empire and never as federation.
Hence by necessity European Commission must be a non-democratic body.

So yes, EU is a Soviet Union of Europe, but as history teaches us, such animals have a short lifespan.
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby EnergyUnlimited » Mon 29 Nov 2010, 04:20:17

$this->bbcode_second_pass_quote('Plantagenet', '
')This sure doesn't seem like a very fair deal for the Irish people, since it isn't actually their debt. WHy should the Irish people get stuck paying for the folly of the banks? :roll:

Because they are stupid.
They had an unique opportunity to reject Lisbon treaty second time and perhaps help to sink EU by doing that, but they got manipulated by government of traitors.
Now they got what they deserve.
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby americandream » Mon 29 Nov 2010, 04:32:38

$this->bbcode_second_pass_quote('EnergyUnlimited', '')$this->bbcode_second_pass_quote('Sixstrings', '')$this->bbcode_second_pass_quote('americandream', 'S')o to the extent that the average Irishman is pissed off at the machinations of Berlin and Paris, they have good reason to. Of course, you being a corporatist flunkie, nothing less than the theft of your dentures will suffice to turn you round. :lol:


Sounds like Franko-German tyranny, who would want to join up with that? 8O

The whole EU mess is a lesson that the American founders got things right.. equal power for small states, so that the biggest states don't get to run everything.

Sorry to say it in such form, but cultural and ethnic background of Europe is such that attempting American style federal governing is a plainly nonsensical, Utopian idea.
You must understand that Europe is battlefield of German, French, British, Spanish, Polish, Swedish and of course Russian interests.
Other nations are mere pawns in that game but some, notably Switzerland are wise enough and secluded enough to keep themselves out of this shit.

EU was an attempt to unite Europe under Franco-German leadership.

United Europe can only be run as an Empire and never as federation.
Hence by necessity European Commission must be a non-democratic body.

So yes, EU is a Soviet Union of Europe, but as history teaches us, such animals have a short lifespan.


Soviet Union of Europe poppycock. The EU is a dumbed down market for investors to cream. I know you have a gripe with the Soviets as their cement was not up to scratch, but to draw a comparison with the antithesis of the European top heavy consumer factory is an example of why you people don't listen and never learn.
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby Sixstrings » Mon 29 Nov 2010, 09:37:43

$this->bbcode_second_pass_quote('EnergyUnlimited', 'S')orry to say it in such form, but cultural and ethnic background of Europe is such that attempting American style federal governing is a plainly nonsensical, Utopian idea.


Nonsensical? Utopia? Our constitution, the oldest federal constitution in the world, proves it can be done. I think what it comes down to is that when the EU was formed, for whatever reason the weaker nations didn't negotiate very well. That could have happened in America too, but the small states forced compromises to prevent larger states from dominating the new union.

Anyhow I'm not European so it doesn't matter to me one way or another. In a broad sense, it's in America's interests for Europe to be a weak and divided confederation.

$this->bbcode_second_pass_quote('', 'Y')ou must understand that Europe is battlefield of German, French, British, Spanish, Polish, Swedish and of course Russian interests.
Other nations are mere pawns in that game but some, notably Switzerland are wise enough and secluded enough to keep themselves out of this shit.


Point taken.. maybe the problem is that the union wasn't formed under the pressure of a common threat. There's just nothing there to unite Europeans other than financial motives, which is a shaky foundation when TSHTF.

$this->bbcode_second_pass_quote('', 'E')U was an attempt to unite Europe under Franco-German leadership.


If that's the case then I can see why average Brits want no part of it.

$this->bbcode_second_pass_quote('', 'U')nited Europe can only be run as an Empire and never as federation.
Hence by necessity European Commission must be a non-democratic body.


Taxation without representation will be its downfall. But yeah I think I'm understanding this a bit better, that the EU is not a union of "the people" in the first place.
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby Madpaddy » Mon 29 Nov 2010, 14:30:20

Don't worry folks. We will not be paying back all that money - believe me. New government to be elected in early 2011 and they will default within 18 months.
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Re: Majority of Irish want default, Europeans "went mad" at

Unread postby Cabrone » Mon 29 Nov 2010, 15:05:44

$this->bbcode_second_pass_quote('Madpaddy', 'D')on't worry folks. We will not be paying back all that money - believe me. New government to be elected in early 2011 and they will default within 18 months.


Absolutely, cannot see Ireland ever paying that debt off.

The UK has just handed them $7bln apparently, trouble is no-one bloody asked me.

So much for 'democracy'.

The only way I can see the Irish getting out of this is to get out of the EU, re-instate the punt and then watch as it sinks out of sight.

Yet again the people have been left unconsulted as the 'elites' royally screw them.
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