Irish national debt per person highest in the eu

Protocol

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The ECB has done a fairly good job of anchoring inflation expectations at around 2%.

Actual inflation in Ireland has been below 2% for much of the last few years, as the weaker GBP has helped keep a lid on imported goods prices.

The price level in Ireland is already 125% of the EU average.

We do not need higher prices here, they are too high already.

Rents, legal fees, medical fees, insurance, energy prices, etc. are all too high already.

We need reforms like more competition, legal reforms, that will drive down these costs.

We need slow and steady rises in wages, based on productivity, combined with falls in the costs of overheads, like those listed above.

This of course means a fall in the excessive profits earned in these sectors.
 

Protocol

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Paying down the debt is futile. Bringing the debt to a point where it is manageable is the key.
Running a small budget surplus, not running a deficit, and not adding more debt, makes the debt more manageable.

Say 1% of GDP, approx 2-3bn.

It will also reduce our interest costs.
 

BilliamD75

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Hi protocol you might be talking about demand inflation which is very high in Ireland but so is asset inflation however the real issue in Ireland is currency deflation which is the real issue, people in the private sector have to work harder for less while assets like property are out of reach, inflation in these say asset, demand and currency should rise in tandom but we do not own the currency, for those of us that remember it used to be two deutsch marks for a punt now its equilibrium, who gains. I would be interested in knowing how the ecb anchors inflation
 

BilliamD75

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The ntma has come out today and stated that Irish debt will be more expensive in 2019 because of brexit (good one that) and the EU has rejected the Italian budget, bond yields are going to rise, slowly at first and excelerate, who is going to pay for this?
 

Purple

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The ntma has come out today and stated that Irish debt will be more expensive in 2019 because of brexit (good one that) and the EU has rejected the Italian budget, bond yields are going to rise, slowly at first and excelerate, who is going to pay for this?
The same small group that pays for everything else.
 
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