Did we not bring in a government with a mandate to do the heavy lifting that the previous administration wasn't capable of? If so, then why isn't this getting sorted? Have senior civil servants taken the trimming that's necessary? If not, why not?WizzardDr said:If we havent BORROWED all the money YET - where is this 'inevitable' default coming from? 2/3 of this mess is current budget defecit as in we spend more than we get in.
....I blame all those forriners for all our troubles...they crashed the banks and made people lend and borrow wrecklessly, and then they hightailed it to forrin parts with bag-loads of cash and without easy extradition back to the auld sod.
People, like the previous posters, who are getting AAM -All Money Abroad - are presently causing the economy a lot of harm . Whilst we all hate the banks we must acknowledge if there is no money in the banks they can't possibly lend to house hunters and small businesses.
By ,basically, causing a run on the banks they are making a fulfilling prophecy.
Of course there'll be a crash if everyone in Ireland takes their money abroad.
And thus the other posters can tell me "-told you so"
p.s. For the record I have two UK accounts with a few hundred quid, am an immigrant to ireland, and am keeping what I have here. Stupid foreigner?
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Really? The CEO of Anglo was a foreigner? All that lending from irish banks without any deposit in place was decided by foreigners? All the govt's push into the fake bubble of ghost estates with tax-concessions came from foreigners?
also agree with oldnick. Although I don't blame people for worrying about their savings - I sometimes worry about mine and get ideas about opening an offshore account, stuffing the mattress or splurging my savings on hookers and coke (the idea being that if I'm going to lose it anyway I might as well enjoy it)
I am being sarcastic Godfather. But foreigners do deserve part of the blame.
Godfather it takes two to tango, reckless lenders and reckless borrowers.Foreign banks that lent recklessly share the blame. And bear in mind that private debt was heaped onto taxpayers with total disregard for capitalism. It's fairly black and white in this respect.
Godfather it takes two to tango, reckless lenders and reckless borrowers.Foreign banks that lent recklessly share the blame. And bear in mind that private debt was heaped onto taxpayers with total disregard for capitalism. It's fairly black and white in this respect.
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