China to help Portugal through economic crisis

Future

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Link to RTE story below:

China to help Portugal through economic crisis - RT News

Would people be in favour of such an announcement by China regarding investment in Ireland?

It could help create jobs which are badly needed. The danger would be becoming overly dependent on China.
 


PrinceMax

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'Chinese President Hu Jintao has said his country will back Portugal's efforts to confront the financial crisis, but stopped short of vowing to buy Portuguese debt as it Portugal hoped.'

So no help at all then? Sure what good is that to Portugal? I'm sure most leaders would back Ireland to confront the financial crisis also. As for encouraging Chinese companies to invest in Portugal.....I bet he says that to every country..
 

Scipio

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The Chinese have been buying up Greek ports recently too. Chances are they'll wait until the remaining PIIGS have gone bust then move in for the kill.
 

eoghanacht

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China prepares to take advantage of international financial crisis.

Not really a shocker is it?

Now where's my English/Mandarin Dictionary
 

Future

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If a country has something that China requires then they are very willing to invest look at all the investment that they have pumped into Africa and to a lesser extent South America.

We already have a lot of students from China studying in our universities so there is a starting point for greater co-operation.
 

Squire Allworthy

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For some time China has been investing to secure access to commodities. As its economic power increases so will its investments.

They'll stay for a few years, then the sh!t weather will drive them mad.
They probably have a genetically modified variety of rice that would grow well here. Ireland the rice bowl of Europe with lots of Chinese experts buying up the west.
 
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GDPR

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I wouldn't scoff too much at the prospects, Ladies & gentlemen, stranger things have happened.
 

BlackLion

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I would for one would like to welcome our chinesse Overlords.:)
 

MPB

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The World at War.

China and America fighting a currency War. China holds trillions of U.S dollars. The U.S uses the dollar value to devalue the Chinese holding. The Chinese use their dollars to buy up parts of the vulnerable sections of the EU economy on the cheap.

What does Europe do? Considering it does not have a single Govt, can it do anything or is it just a pawn in the War between the real economic powers of the World?

Of course the real decision and responsibility lies with Ireland... the Heart of Europe.
 

Warren Poynt

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Let's look for a saviour nearer home.

In Europe, in fact.

Norway is rich in natural resourcs, has plenty of surplus revenue, and are the experts in finding under-sea gas and oil.

Shouldn't our new Govt be approaching its countepart in Oslo to see if a deal could be done whereby they explore, drill (min two wells a year), are given 50 per cent ownership of all reserves found and allowed offset its entire drilling programe in Irish waters against profits from any find(s), of which it would have a free gift of 50%, with the other 50% being owned by the Irish State.

The deal could be mutually reviewed after 5 years or any major finding in the inteim.

It would be a win/win deal for us and our Viking cousins. They are used to drilling wells offshore and if anyody in Europe can find undersea reserves, they (the Norwegians) can.

They have the skills, expertise, build the oil rigs and are flush with cash for further exploration. Some of their finds are coming to the end of their productive lives - it would make sense for them to do a deal with a friendly neighbour to explore and exploit new Euro acreage......and, boy, do we have alot of it !

Statoil is no stranger here. They already have 36% of the Corrib gas field profits where Shell is the main partner.

So, how about it ?

An Irl-Nor business deal that could save this country, ensure our children and our gandchildren will not have to emigrate to the four corners of the Earth in search of a job and a reasonable income.

The solution could be under our noses !

Best to invite the Norwegians in than export generations of Irish children in search of a livlihood.

Thank you FF for 'another fine mess you've got us into'.
 
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Squire Allworthy

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Let's look for a saviour nearer home.

In Europe, in fact.
Why not. You could even try to make Ireland a place where people want to invest or create the right environment for local enterprise. But I think you will be seeing a lot more of China in the next few years. They are a lot more prevalent in Latin America, right there in Uncle Sam's back yard.


I would for one would like to welcome our chinesse Overlords.:)
Better start practising the formal bow. Hands on thigh, or at side depending on gender, and you don't shake hands at the same time unlike some Americans.
 

EUrJokingMeRight

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Let's look for a saviour nearer home.

In Europe, in fact.

Norway is rich in natural resourcs, has plenty of surplus revenue, and are the experts in finding under-sea gas and oil.

Shouldn't our new Govt be approaching its countepart in Oslo to see if a deal could be done whereby they explore, drill (min two wells a year), are given 50 per cent ownership of all reserves found and allowed offset its entire drilling programe in Irish waters against profits from any find(s), of which it would have a free gift of 50%, with the other 50% being owned by the Irish State.

The deal could be mutually reviewed after 5 years or any major finding in the inteim.

It would be a win/win deal for us and our Viking cousins. They are used to drilling wells offshore and if anyody in Europe can find undersea reserves, they (the Norwegians) can.

They have the skills, expertise, build the oil rigs and are flush with cash for further exploration. Some of their finds are coming to the end of their productive lives - it would make sense for them to do a deal with a friendly neighbour to explore and exploit new Euro acreage......and, boy, do we have alot of it !

Statoil is no stranger here. They already have 36% of the Corrib gas field profits where Shell is the main partner.

So, how about it ?

An Irl-Nor business deal that could save this country, ensure our children and our gandchildren will not have to emigrate to the four corners of the Earth in search of a job and a reasonable income.

The solution could be under our noses !

Best to invite the Norwegians in than export generations of Irish children in search of a livlihood.

Thank you FF for 'another fine mess you've got us into'.
We should renegotiate existing agreements, get more tax from them.
Hire them to do the drilling and keep the profits for Ireland.
Why are you suggesting giving more resources to these cowboys?
 

Warren Poynt

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E-J-M-R,

"Hire them to do the drilling," you suggest !

But we don't have a penny to our name. We are broke, bankrupt and 'bollixed'.

What I'm suggesting is that the Norwegians carry both the risks and all the costs involved in a major five year drilling and exploration programme. In return, there has to be some reward for such risk-taking and costly ventures.

I wouldn't describe the Norwegians in any new State-to-State deal as "cowboys". That is insulting to them and unbecoming of us. They would our partners in a major new but costly surge to first discover and then harvest any valuable offshore reserves. After a first 'strike' both Govts could review subsequent agreement terms.

We have no money, our economy is 'burst', and we have no way of meeting the massive costs of an intensive five year search.

I see very few others coming up with realistic plans that might turn the economy of this country around in a few short years........but I hear many predicting our collapse socially, politically and financially.

If I were in Government, or likely be in Govt in the next few months, I would be knocking at the door of the Norwegian Embassy to set up a Minister-to-Minister dialogue that could result in a deal to the mutual benefit of both Ireland and Norway.

How about it ?
 
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OilMan

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Jun 3, 2009
Messages
202
Let's look for a saviour nearer home.

In Europe, in fact.

Norway is rich in natural resourcs, has plenty of surplus revenue, and are the experts in finding under-sea gas and oil.

Shouldn't our new Govt be approaching its countepart in Oslo to see if a deal could be done whereby they explore, drill (min two wells a year), are given 50 per cent ownership of all reserves found and allowed offset its entire drilling programe in Irish waters against profits from any find(s), of which it would have a free gift of 50%, with the other 50% being owned by the Irish State.

The deal could be mutually reviewed after 5 years or any major finding in the inteim.

It would be a win/win deal for us and our Viking cousins. They are used to drilling wells offshore and if anyody in Europe can find undersea reserves, they (the Norwegians) can.

They have the skills, expertise, build the oil rigs and are flush with cash for further exploration. Some of their finds are coming to the end of their productive lives - it would make sense for them to do a deal with a friendly neighbour to explore and exploit new Euro acreage......and, boy, do we have alot of it !

Statoil is no stranger here. They already have 36% of the Corrib gas field profits where Shell is the main partner.

So, how about it ?

An Irl-Nor business deal that could save this country, ensure our children and our gandchildren will not have to emigrate to the four corners of the Earth in search of a job and a reasonable income.

The solution could be under our noses !

Best to invite the Norwegians in than export generations of Irish children in search of a livlihood.

Thank you FF for 'another fine mess you've got us into'.
Why would they be interested in a deal like that when they have not applied for any licenses (or, if they have, have not been awarded any) under the current terms which would give them 60-75% of the profit and no firm commitment to drill exploration wells?
 


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