spreadsheet
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I had a strange dream about devaluation last night! Obviously the financial problems of the economy have now seeped under the covers.
I dreamt that during the night, the government pulled on of those 'first in the word' strokes (like the bank guarantee) with no warning, and sent out a press release for us all to read in the papers in the morning.
The release was something like this:
"To deal with the worsening situation with the credit markets and Ireland's subsequent loss of competitiveness in international trade, the government have decided to devalue the currency. However, as this was not possible within the Euro, we have taken the unprecedented step of leaving the Euro at 2am, carrying out the devaluation on the Punt at 2:05 and joining the Euro again at 2:10"
...blah blah thats all I remember.
Quite strange isn't it?
I dreamt that during the night, the government pulled on of those 'first in the word' strokes (like the bank guarantee) with no warning, and sent out a press release for us all to read in the papers in the morning.
The release was something like this:
"To deal with the worsening situation with the credit markets and Ireland's subsequent loss of competitiveness in international trade, the government have decided to devalue the currency. However, as this was not possible within the Euro, we have taken the unprecedented step of leaving the Euro at 2am, carrying out the devaluation on the Punt at 2:05 and joining the Euro again at 2:10"
...blah blah thats all I remember.
Quite strange isn't it?