Recovery to take 12 years



Cato

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Hammer, I never had you down as an optimist!
 

harryshounds

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this is generational stuff,we'll never stop being crippled by this debt..........until we refuse to pay.
 

Spirit Of Newgrange

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the Japanese economy took 20 years to recover from its crash, and to be honest, it never really recovered at all :(
 

Berty

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this is generational stuff,we'll never stop being crippled by this debt..........until we refuse to pay.
Yes, this generation, and when you look at the interest rate payment figures it will be the next gen and might even the one after that. 12 yrs is optimistic:shock:
 
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MPB

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The ECB are determined to emulate Japan.

They reckon that by pretending they are not printing money to save delinquent Banks, nobody will notice.

As the Americans are finding out, if you want to save an economy, you print money and give it directly to the people/ the economy, rather than the Banks/ the vampires.
 

Albert O'Camus

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Well it certainly wont be three or four as the current government seems to think. If we look at the collapse in consumer demand that this budget might cause, the FDI that wont arrive beacuse of economic instability and the highly qualified people who will emigrate because the opportunites will be better abroad, even if they have a job here, than 12 years sounds optimisitc.
 

DownTheyGo

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Well it certainly wont be three or four as the current government seems to think. If we look at the collapse in consumer demand that this budget might cause, the FDI that wont arrive beacuse of economic instability and the highly qualified people who will emigrate because the opportunites will be better abroad, even if they have a job here, than 12 years sounds optimisitc.
Precisely, along with no FDI, how many Irish people are going to invest their own money in start-ups and expansion with the threat of default and lower incomes / consumer spending. Downward spiral... clearly, this was very well thought through. :roll:
 

sic transit

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Ah yet another piece of non-news from the Indo - a public poll. We've always had national debt and always will. It's a bit like those shampoo ads on TV; "67 out of 103 are convinced it makes their hair shinier". In theory as(IF) we get growth it will be less onerous in terms of % of GNP and easier to pay. Once the markets like us again, in theory we will be able to borrow cheaper money to pay off the more expensive money we owe at present. The 4/5 year target is for the deficit reduction to less than 3%.
 

Youngrebel

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paulp

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How will we know when we get there?

growth at 3%?
Unemployment below 8%?
National debt to GDP below 60%?
Deficit below 3%?
 


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