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What's going on in Ireland? |
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#26 |
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Forum Member
Join Date: Nov 2012
Location: Cork, Ireland.
Posts: 9,250
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I am not sure why you're all wetting yourselves with excitement over this? You do know that since you gave your economic sovereignty to the EU there isn't a thing you can do to stop this boom? You're just repeating what went on before. And the same after effects that went on before will happen again.
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#27 |
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Inactive Member
Join Date: Mar 2003
Location: London, United Kingdom
Posts: 19,783
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And people just don't want to believe it will happen again
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#28 |
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Forum Member
Join Date: Feb 2013
Posts: 7,575
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Of course. Look at the zero responses to my post apart from yours. I am not saying we're a paragon of economic virtue, but at least we control our own economy. The Irish have to get their yearly budget signed off by Brussels before it's presented to the Irish government. Disgraceful.
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#29 |
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Inactive Member
Join Date: Mar 2003
Location: London, United Kingdom
Posts: 19,783
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All EZ countries view a draft of each other's budgets before the final version is sent to their own parliaments. That's just part of being in a currency union.
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#30 |
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Join Date: May 2010
Posts: 11,491
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Democracy at its finest. Not.
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#31 |
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Forum Member
Join Date: Jun 2014
Posts: 1,812
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Quote:
I am not sure why you're all wetting yourselves with excitement over this? You do know that since you gave your economic sovereignty to the EU there isn't a thing you can do to stop this boom? You're just repeating what went on before. And the same after effects that went on before will happen again.
Based on your logic, no sub-unit of an economy - be it a local authority, a regional government or a (US style) state one - would ever be able to avoid operating on a perennial "boom and bust" basis. That clearly isn't the case. |
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#32 |
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Forum Member
Join Date: Nov 2002
Location: Dublin
Posts: 51,610
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Quote:
I am not sure why you're all wetting yourselves with excitement over this? You do know that since you gave your economic sovereignty to the EU there isn't a thing you can do to stop this boom? You're just repeating what went on before. And the same after effects that went on before will happen again.
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#33 |
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Inactive Member
Join Date: Mar 2003
Location: London, United Kingdom
Posts: 19,783
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Quote:
This isn't correct. If the Irish government want to slow down their economy, they are free to: a) hike taxes, b) cut spending or c) use any additional tax revenue raised due to an expanding economy to pay down their national debt. Any of the three will reduce the amount of money in circulation in their domestic economy, thus slowing it down.
Based on your logic, no sub-unit of an economy - be it a local authority, a regional government or a (US style) state one - would ever be able to avoid operating on a perennial "boom and bust" basis. That clearly isn't the case. |
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#34 |
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Inactive Member
Join Date: Mar 2003
Location: London, United Kingdom
Posts: 19,783
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Isn't the whole point of an economic or monetary union that it has rules? You cannot have full sovereignty unless you sail off to a desert island on a raft and live there alone for the next 40 years. Anybody who is bound by rules of any description has seen some loss of sovereignty.
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#35 |
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Inactive Member
Join Date: May 2011
Posts: 18,881
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Quote:
Seeing as the Irish didn't participate in the referendum, they therefore don't have to "respect the will of the majority" (as they are part of neither the majority nor the minority). They are perfectly free to either praise or slate Brexit from the outside (just as UK based DS members can say whatever they like about the American election).
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#36 |
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Join Date: Feb 2013
Posts: 7,575
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No. They have no control over anything. It all has to be approved by their masters in Brussels.
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#37 |
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Inactive Member
Join Date: May 2011
Posts: 18,881
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Quote:
No it doesn't. You clearly don't understand how the EZ works.
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#38 |
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Join Date: Feb 2013
Posts: 7,575
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Quote:
I'll phone a friend of mine in Greece, she'll understand.
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#39 |
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Forum Member
Join Date: Nov 2002
Location: Dublin
Posts: 51,610
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Quote:
Except I doubt anyone on here is flashing around American discussion boards with mainly gloom and doom threads and posts about Brexit. See the difference?
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#40 |
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Inactive Member
Join Date: May 2011
Posts: 18,881
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Quote:
Greece is still in a bailout programme, Ireland isn't.
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#41 |
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Inactive Member
Join Date: May 2011
Posts: 18,881
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Quote:
It's no harm at all if non-UK people are posting here and giving their opinion on the British political scene IMO, Such people would be perfectly free to speak up in favour of Brexit if they so desired.
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#42 |
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Forum Member
Join Date: Feb 2013
Posts: 7,575
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Quote:
It went straight past you, didn't it. What you call the bail-out, most Greeks would probably call oppression, something an Irishman should recognise.
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#43 |
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Forum Member
Join Date: Nov 2002
Location: Dublin
Posts: 51,610
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No way. If you give away control of your economy to unelected bureaucrats overseas you are not a sovereign nation no matter how much you pretend you are.
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#44 |
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Inactive Member
Join Date: May 2011
Posts: 18,881
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Quote:
I have a lot of sympathy for the Greeks but I'm not blind to the fact that they're partly responsible for their own problems. And nobody forced them to join the euro and nobody is forcing them to stay in it either.
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#45 |
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Forum Member
Join Date: Feb 2013
Posts: 7,575
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Their politicians forced the people to join the euro the same as politicians force countries to join the EU and have multiple referenda on a single issue.
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#46 |
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Inactive Member
Join Date: May 2011
Posts: 18,881
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Quote:
Then they should blame their own politicians instead of blaming the EU for everything. Although as it happens I don't remember any protests in Greece against joining the euro at the time.
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#47 |
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Forum Member
Join Date: Feb 2013
Posts: 7,575
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Quote:
They did and they changed them for something they thought was better, once again to be shat upon.
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#48 |
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Forum Member
Join Date: Mar 2015
Posts: 6,835
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Quote:
No it doesn't. You clearly don't understand how the EZ works.
It sets out the country's expected fiscal development for the current and subsequent three years. Ireland has to adhere to medium-term budgetary objectives calculated under EU rules so Ireland adheres to the medium-term sustainable average-limit for the country's EU dictated structural deficit limit. Ireland also has to comply with a overall deficit limit and a total debt limit Failure to manage its economy with EU oversight and within EU dictated parameters will trigger the EU dictating what the Irish government must do and penalty actions if Ireland does not do as told. |
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#49 |
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Inactive Member
Join Date: Mar 2003
Location: London, United Kingdom
Posts: 19,783
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Quote:
No it doesn't. You clearly don't understand how the EZ works.
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#50 |
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Inactive Member
Join Date: Mar 2003
Location: London, United Kingdom
Posts: 19,783
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Quote:
If you're part of any economic union or trading bloc around the world and are abiding by the rules, then you have seen some loss of sovereignty.....it goes with the territory. The people of Yorkshire or Cornwall or Sussex don't have full sovereignty either in that they can't govern themselves and make up their own rules and must obey the national laws of the UK.
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