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(Telegraph)   The EU and the ECB to take Old Yeller out behind the shed, have plans to tell kids it's in a better place now   (telegraph.co.uk) divider line 11
    More: Obvious, European Central Bank, Karel De Gucht, European Commission, emergency plan, Greek, overwing exit, Commission  
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1074 clicks; posted to Business » on 18 May 2012 at 8:54 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-18 08:59:52 AM
The bastards' exit from the Euro is going to mean we (Ireland) won't be able to return to the markets as planned, and will probably need a second bailout.
 
2012-05-18 09:10:33 AM

Cormee: The bastards' exit from the Euro is going to mean we (Ireland) won't be able to return to the markets as planned, and will probably need a second bailout.


I'm just waiting on the EU/US conservative brain trust to start attacking Ireland as fiscally irresponsible, overspending and not austerity bound enough. After years of holding you all up as an example of conservative economic ideals in full bloom.

As much as being right is awesome, the huge and real human suffering being felt because of bad policy more than dulls the thrill. One of those times I'd rather have been wrong.
 
2012-05-18 09:10:49 AM
So, the euro will be dead in how long?
 
2012-05-18 09:19:22 AM
Monetary union without fiscal union: what could possibly go wrong?
 
2012-05-18 10:09:08 AM

Cormee: The bastards' exit from the Euro is going to mean we (Ireland) won't be able to return to the markets as planned, and will probably need a second bailout.


Exactly. You guys are doing the right things, but this whole euro was a bad idea to begin with (in hindsight)
 
2012-05-18 10:50:03 AM
As an outsider/non-expert, I think Greece needs to be cut loose. We've got to start having consequences for poor financial decisons and governing.
 
2012-05-18 11:09:47 AM

Tannhauser: As an outsider/non-expert, I think Greece needs to be cut loose. We've got to start having consequences for poor financial decisons and governing.


What about consequences for for a monetary system based on debt?
 
2012-05-18 01:29:41 PM

Brontes: Tannhauser: As an outsider/non-expert, I think Greece needs to be cut loose. We've got to start having consequences for poor financial decisons and governing.

What about consequences for for a monetary system based on debt?


RON PAUL
 
2012-05-18 01:59:49 PM

Lunchlady: Brontes: Tannhauser: As an outsider/non-expert, I think Greece needs to be cut loose. We've got to start having consequences for poor financial decisons and governing.

What about consequences for for a monetary system based on debt?

RON PAUL


That's right, it is a binary option: either gold standard or debt based. There is no middle ground or other options. Very astute.
 
2012-05-19 10:51:44 AM
If Greece is allowed to exit because it's ultimately too expensive to save then the Euro is over. It simply loses it's credibility because then people will go down the list of country's to see which one get's knocked off next due to poor budgets/economics. Every country becomes judged on their faith of the banking system instead of their political institutions which is infinitely more scary as Greece has shown us today. For the first time since the 1940's, you have NAZI's in political office in Europe and you know who else had Nazi's.

Greece lied to get into the Euro and everybody knew it, they knew it then. Europe has to to fix this and they have to pay for it, preferably by growing their way out of it. Austerity as the only solution no longer has the faith of the marketplace.
 
2012-05-19 09:12:24 PM
I think they should just go balls out and merge as a multiple states under a single central government.
 
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