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Tiger hibernating in Ireland ready to wake up ?


jo9jo

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Joined
Mar 25, 2011
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4,895
The German news magazing 'Der Spiegel' have an interesting article concerning Ireland's recovery from the debt crisis and how the austerity measures have been sucessful in getting us on the road to recovery.

Google Translate

Spiegel asks the question if Ireland has done everything correctly in dealing with the crisis and answers the question in the article.

What do you think ?

Do you agree with the article that we have indeed turned the corner ?

Will the recession be over in 2013 ?

The article examine the Irish peoples willingness to accept the decisions of the current government as the crisis was not brought upon by the current government.

Is this the reason we are so placid ?

Are we eternal optimists ?

Why are we so different to the Greeks, Portuguese, et al in dealing with the crisis ?
 


YouKnowWhatIMeanLike

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Joined
Apr 13, 2011
Messages
7,225
The German news magazing 'Der Spiegel' have an interesting article concerning Ireland's recovery from the debt crisis and how the austerity measures have been sucessful in getting us on the road to recovery.

Google Translate

Spiegel asks the question if Ireland has done everything correctly in dealing with the crisis and answers the question in the article.

What do you think ?

Do you agree with the article that we have indeed turned the corner ?

Will the recession be over in 2013 ?

The article examine the Irish peoples willingness to accept the decisions of the current government as the crisis was not brought upon by the current government.

Is this the reason we are so placid ?

Are we eternal optimists ?

Why are we so different to the Greeks, Portuguese, et al in dealing with the crisis ?

Brian O'Donnell concludes that the Irish economy is in some ways worse than in Greece. He should know since he helped most sterlingly to wreck the place.
 

Partizan

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Jan 5, 2005
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7,830
the german news magazing 'der spiegel' have an interesting article concerning ireland's recovery from the debt crisis and how the austerity measures have been sucessful in getting us on the road to recovery.

google translate

spiegel asks the question if ireland has done everything correctly in dealing with the crisis and answers the question in the article.

What do you think ?

Do you agree with the article that we have indeed turned the corner ?

Will the recession be over in 2013 ?

The article examine the irish peoples willingness to accept the decisions of the current government as the crisis was not brought upon by the current government.

Is this the reason we are so placid ?

Are we eternal optimists ?

Why are we so different to the greeks, portuguese, et al in dealing with the crisis ?
s-p-i-n.
 

Ribeye

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Jul 12, 2011
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26,304
Ireland has turned the corner???

Yeah, sure it has:)

Meanwhile, in Munich, they've had to resort to stacking unwanted Beemer's on top of each other,

Look closer to home boyos,

Newspapers are funny:)
 

bob3367

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Jan 11, 2007
Messages
8,083
I had a chat with a few business people recently, all walks, and everyone of them held the same view.

One lad, in contruction, has work up to Oct 2013, from doing absolutely nothing this time last year.

Dunno if its the end of the recession, but there is optimism for some reason.
 

cimon9999

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Jun 27, 2009
Messages
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Americans are returning to helocs and junk debt issuance is back to 2007 levels. Be grand. Next time round the Bernank will be firing blanks.
 
Last edited:

Cabbage/Turnip

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1,413
Still don't see it i am still worried bout my job as are many others job security still does not exist until it does people won't spend.
 

onlyasking

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Dec 19, 2008
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5,735
Could you please elaborate ?
I think Partizan is suggesting that there's an element of wishful thinking combined with a self-serving need.

Germany needs to persuade those here and elsewhere, who have been busy protecting German financial institutions, that they are doing a great job.

Here's the spin: it'll all turn out fine quite soon, so long as we keep enduring the pain caused by having protected Germany's financial institutions in the first instance. The message from Germany is: keep up the good work lads and lassies.

That the article represents mere spin seems a little more plausible than does a return to the wonderful Celtic Tiger.

Doesn't it?
 

Partizan

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Could you please elaborate ?
Piling more unsustainable debt onto already existing unsustainable debt works, doesn't it?

Have people learned anything. Looking back at the pre-crash threads and those from 2009 and there is a recurring theme, i.e. the refusal or inability to face reality and facts straight them in the face.

We have turned the corner but hit a thick abuttment.
 

Dame_Enda

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Dec 14, 2011
Messages
52,262
The Tiger is suffering from obesity and cannot stand up until the public-sector fat is sucked out.

The economy is being hammered by rising taxes and charges to pay for boomtime public-sector/semi-state salaries.
 

Furze

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Joined
Jun 14, 2007
Messages
781
What do you think ?

Do you agree with the article that we have indeed turned the corner ?

Will the recession be over in 2013 ?

Is this the reason we are so placid ?

Are we eternal optimists ?

Why are we so different to the Greeks, Portuguese, et al in dealing with the crisis ?
The German readership is in need of some justification for the policies insisted on by the EU.
We will hit the height of spending cuts and increased taxation next year adding to the downward spiral for the majority.
Ireland - per history - tends not to do mini riots. We are in the process of identifying the cause of our angst. Who is it?
 

Fractional Reserve

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Apr 30, 2011
Messages
8,279
Ireland will be in a hell hole for along time as will most of Europe .Europe, Uk ,USA are top heavy on government , regulation , taxation , welfare, Debt +++ etc etc .The governments will bury the economies through witchhunts on the rich , SME , property or anything that can be taxed . .
The Governments have no money and they will squeeze the ecomonies dry to pay government and bank debt holders . people are now going to suffer serious hardships and economic tyranny from the PTB .
 

Ribeye

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Jul 12, 2011
Messages
26,304
Ireland will be in a hell hole for along time as will most of Europe .Europe, Uk ,USA are top heavy on government , regulation , taxation , welfare, Debt +++ etc etc .The governments will bury the economies through witchhunts on the rich , SME , property or anything that can be taxed . .
The Governments have no money and they will squeeze the ecomonies dry to pay government and bank debt holders . people are now going to suffer serious hardships and economic tyranny from the PTB .
We can survive by eating BMW's,

Yummy:)
 

florin

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May 17, 2008
Messages
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Tigers don't hibernate. If a tiger lies down for months without moving, it's dead. The bones picked clean by vermin are also a clue.
 

kerdasi amaq

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Aug 24, 2009
Messages
4,684
Yesterday's Mail says on its frontpage:

"Politicians who will be asked to pass the harshest Budget in living memory..."
If the economy were recovering, then this budget isn't necessary.

I can see the economy entering a deathspiral, instead.
 

hiding behind a poster

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Joined
Mar 8, 2005
Messages
48,396
If the world economy ever picks up, we'll be back. But we would have been anyway even if we hadn't done anything.
No we wouldn't. Our competitiveness declined drastically in the final years of the property bubble, by which stage the only supposed economic growth we had was from borrowing money from abroad and using it to build and sell overpriced property to ourselves. In all other sectors we were falling behind our competitors. Much of that competitiveness deficit has been addressed, so we're well placed to benefit from any worldwide upturn.
 

hiding behind a poster

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Mar 8, 2005
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I had a chat with a few business people recently, all walks, and everyone of them held the same view.

One lad, in contruction, has work up to Oct 2013, from doing absolutely nothing this time last year.

Dunno if its the end of the recession, but there is optimism for some reason.
Likewise, with people I know in various parts of the services sector.
 

hiding behind a poster

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Joined
Mar 8, 2005
Messages
48,396
Yesterday's Mail says on its frontpage:

"Politicians who will be asked to pass the harshest Budget in living memory..."

If the economy were recovering, then this budget isn't necessary.

I can see the economy entering a deathspiral, instead.
Well their memory mustn't be that good, over in the Mail. Because they said that last year, and the year before.
 

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