Duke of Marmalade
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So do you think the rumours that the central bank are printing Irish punts are just rumours? Or do you think they are preparing a Plan B?
So do you think the rumours that the central bank are printing Irish punts are just rumours? Or do you think they are preparing a Plan B?
Shane Ross irresponsibly aired this rumour in the Sindo. Is this the same rumour that says the Greeks are secretly printing Drachma, the Portuguese Escudos, the Spanish Pesetas, Francs, Lire, D-marks, F-marks etc. etc.?. Do you really think this printing of legacy currencies can be kept a secret across 17 countries until Hey Presto! (maybe this Thursday) we wake up to find all our ATMs from Helsinki to Palermo, from Tralee to Bratislava will be filled with new notes. Or is this just a secret solo run by Dame Street? Get RealSo do you think the rumours that the central bank are printing Irish punts are just rumours? Or do you think they are preparing a Plan B?
Did we not wake up one morning to find our ATM's filled with new notes not all that long ago? The Euro might go on, but the chances of it going on with us not in it, I believe, have moved beyond 50/50. But that is just my opinion.Do you really think this printing of legacy currencies can be kept a secret across 17 countries until Hey Presto! (maybe this Thursday) we wake up to find all our ATMs from Helsinki to Palermo, from Tralee to Bratislava will be filled with new notes.
No, it took three years, it didn't happen one morning. Really, the idea that such a grand scheme could be conducted in secret by a select elite is the depths of nonsensical conspiracy theory.Did we not wake up one morning to find our ATM's filled with new notes not all that long ago?
There have been currency conversions flagged well in advance before. For example, the change to new francs but most graphically the change for 11 countries to euro which was given a 3 year flag. The key feature was that no one feared for the future of the new currency and therefore there was no flight of capital. Even Germans, who might probably have preferred to keep their D-marks, had no alternative, they were not going to jump into dollars/sterling.Forget about the economic implications if we leave the euro. Is it in theory possible?
Can a government say for example, on 1st Jan 2012 we will be reverting back to our old currency at the rate of 1 euro = .79 punt?
I'd take anything said by a lot of British newspapers/magazines on the € with a huge grain of salt. Their "john Bull" anti anything to do with Europe bias is always there in the background. It also acts as a handy smoke screen for some of their own internal UK issues.
Ireland's problems are political. The apparent economic imbalances can be solved at a stroke by cutting PS pay and Social Welfare to the levels of our nearest neighbour. Politically, we simply can't put into play these very obvious economic steps that would put us back on track.
Fair points, but then again the UK is not a great benchmark, it is running its own massive deficits.You mean put they would put everyone except public servants or social welfare recipients 'on track'. It is meaningless to compare public sector pay and social welfare rates against the UK without looking at the big picture. Public servants and social welfare recipients in the UK have the NHS to suppoort them, with free primary health care, free prescriptions, no need to buy private health insurance unless you want a fancy room. Public servants and social welfare recipients in the UK don't buy school books, and in some areas still have free school meals. Public servants and social welfare recipients in the UK have lower car insurance and good public transport networks available.
If you're going to do a comparison, do a proper comparison, not a selective one.
It was your benchmark, not mineFair points, but then again the UK is not a great benchmark
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