Originally Posted by Twin Towers

I asked for some and some is more than one. OK its late, just one substantial one. A biggie?

Originally Posted by marmurr1916

You've already given it yourself: Tesco Ireland, an EU-owned multi-national.

Originally Posted by eurosceptic

Prof. David McWilliams writes an excellent piece arguing for the relaunch of the punt. He amkes a number of superb points.
1- The "need" to stay in the euro is similar other failed totem poles like "property only goes up", "soft-landing" and "banks well capitalised".
2- We cannot deflate our way out of this mess.
3- Anyone who questions a totem pole is first ridiculed and then viciously attacked before it accepted they were right all along.
4- It would require brave decisions like reneging on the state gaurentee of interbank lending and big investors would get an almighty kick in the cojones.
5- There would be a rapid devaluation of the new punt but that would immediatly make us competitive again.
6- We could use quantitative easing to lift the liquidity trap. Inflation would have to be carefully managed.
7- Many countries have used devaluations successfully before.
8- Even Iceland has now restabilised.
9- The banks would fold, but why not let them and gaurentee personal deposits up to a certain level and start new banks.
10- The price of land would collapse but it would find its level again before too long.
11- Unemployment would fall dramatically as it did in scandanavia and asia.
12- Ther would be a flight of capital but it would return once the economy settled.
13- Middle aged savers would be hit very hard but young people with debts would win bigtime.
14- Before the 1993 devaluation there was all sorts of threats of economic disaster which never materialised.
15- On our current trajectory we are facing slow strangulation.

Well he is a professor of economics so knows what he is talking about. Point 15 is the most telling. By staying in the euro we have a large degree of certainty and stability but that just means a slower death. Its time for some radical solutions.

Ditching the euro could boost our failing economy - Analysis, Opinion - Independent.ie

Originally Posted by Seos

Since you don't mind increasing our national debt and certainly leading to default, which is what devaluing our currency would mean,

Originally Posted by Twin Towers

Thought you'd weasel out with Tesco who incidentally employ 250,000 in Britain if this dodgy looking link is to be believed
WikiAnswers - How many employees do tesco uk got

Originally Posted by marmurr1916

You did ask for the names of European companies with large numbers employed in Ireland: "How many European companies have substantial operations or are substantial employers in Ireland?"

Anyway, the 235 German firms employing 15,000 people aren't exactly unimportant.

Most of them might not be household names. So what?

Originally Posted by Twin Towers

I asked for some and some is more than one. OK its late, just one substantial one. A biggie?