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Old 9th February 2009
bluefish bluefish is offline
Politics.ie Member
 
Join Date: Jan 2009
Location: Ireland
Posts: 812
Default Why not just print some cash?

Ok, I have an idea, dishonest, but who cares, we need the cash!

The Bank of Ireland as I understand it still prints Irish money in the form of Irish Euros.

So why dont we just keep the printers running day and night?

Flood the market with Millions/Billions of Euros, pay all our debts, look after the banks, and dont say a thing. Buy up foreign bonds for security.

Whats the worst that could happen? Our Euros would just dissapear into the European Euro market, nobody would be the wiser if a few extra billion Euros from Ireland were being flushed about?

And by the time Europe found if they ever did, providing we did it on the QT out we would be flush with money and the European Bank would have to sort the problem out!
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