Refuse to support any government which does not reject it, refuse to vote for any political party which does not reject it.I feel so sick I can hardly type
What mechanism is there for the people to reject it. Does this traitorous deal even have to be passed by the dail, or can Biffo just sign us into slavery?
We could reject it, but we would have to do a new budget with 20bn cuts instead of 6bn. And thats probably being optimistic. Do we really want to go there? Don't think so. we need to jettison the casino banks. wonders now long it'll take our bankers to burn through 35bn. anyone want to guess?
Now there's a shock - Burton says its a bad dealBurton and Noonan saying this is a bad deal.
On that basis, should their election to office carry a condition of renegotiation?
What evidence is that we traded derivatives? I can't claim to understand the markets but my understanding is that the Irish banks stayed well clear of this particular instrument during the boom years - is the allegation that the banks used them after the guarantee?Not a cent should be paid on any Derivative. The people who allowed Irish banks to trade derivatives, which are in the words of George Soros ''weapons of mass destruction'' should be tried.
Iceland defaulted on the derivative holdings of banks based in their currently and now they are in recovery. Iceland has also put on trial the regulators of their baking sector. Lessons for Ireland.
Now there's a shock - Burton says its a bad deal
When we default how do those who call on us to default propose to pay public sector wages, fund social welfare or health at even close to today's levels. We would take a cut in living standards that would make the four year plan seem mild by comparison.
We don't have a choice I am afraid - take the medicine with some hope of recovery or condemn us to economic disaster
I know these views wont go down well here on politics ie but ....
Where than are they getting the 100 billion Euro figure from? Property speculators? seriously you could add up all the property in Ireland and you still wouldn't come even close to a 100 billion.What evidence is that we traded derivatives?
we need also to reclaim our oil and gas fields which were "given away", i cannot put a number on how much money our politicians must have pocketed to give away our natural resource.. And it does say in our constitution that our natural resources are owned by the people... So on that basis, I cannot see a reason to prevent us taking them back, or atleast taking a huge stake in the fields.. upwards of 420bn worth are the estimates of their value.Rejecting this deal is Ireland's only hope for a viable economic future.
Right now, the country needs to get into survival mode and conserve their own resources and their own economy.
Yes, no more loans and funding from outside the country. Ireland will have to survive on its own economy and its own tax base.
Some stuff would have to get nationalized for the short term and price freezes would have to be done. The failed banks would have be jettisoned (something that should have happened long ago) and nationalized and/or new ones chartered.
Ireland would have to get off the euro and go back to its punt. Things would get back to normal fairly quickly once the new currency stabilized.
This is do-able and, no matter the temporary pain, a far, far better option than the deal being proposed.
This could all be over by this time next year with a default. More importantly, Ireland would have a future.
It has no future whatsoever with this deal.
we need also to reclaim our oil and gas fields which were "given away", i cannot put a number on how much money our politicians must have pocketed to give away our natural resource.. And it does say in our constitution that our natural resources are owned by the people... So on that basis, i cannot see a reason to prevent us taking them back, or atleast taking a huge stake in the fields.. Upwards of 420bn worth are the estimates of their value.