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About LinkBacksI am going to edit your post with reality.
Leaving the euro is ridiculous, hence my response.Originally Posted by DaBrow
Yes
No
I am going to edit your post with reality.
Leaving the euro is ridiculous, hence my response.
That isn't reality.... That is merely a corrupted and highly edited post of yours that is attempting to pass off as mine.
Just Say Yes or No to the Poll on the OP....it is currently @ 18.12pm 15/12/2009
Yes, 46.2%
No, 53.8%
Its only a valid game of negrep tennis if you actually return the favour based on some rational point not your sense of irrational shock at being called on a subject that is almost "thread diaorrhea" at this stage. If you didn't get the meaning from my first post that I disagreed with the thread's existence or the premise that we should not leave the Euro that just serves to support my point about your irrational belief that we could survive, at this point, outside the Euro. Not joining in the first place would have been a possibility, leaving is not - an argument that has been made ad nauseum on the other 40 million threads that exist on the topic already.
We are "they"
No but EMU needs to be reformed. The Euro is hurting our exports outside of the Eurozone because of its strength. On the other hand, it secures our exports within the Eurozone - accounting for 40% of our exports. This percentage is likely to rise as the Eurozone expands. The longterm problem with the Euro is the single interest-rate. It played a huge role in the property-bubble which has devastated the economy. It was not the only factor - but it must be seen as the main one. In that context, I would propose a return to separate interest-rates. It was economic lunacy for this country to have been subject to Franco-German interest rates during the decade of 5-11% Irish economic growth - the last 7 of them spent with 4-7% inflation.
One advantage of the Euro is that it's strength reduces the cost of serving the national-debt. Unlike Iceland - which ironically now has lower unemployment than us - our banking system has recourse to the ECB for liquidity-loans - something crucial to the survival of the banking system.
So Far Oppenheimer... A sizeable minority are supporting the Idea of leaving the Euro.
The Rate is harming us and The ECB don't really appear to care about its crazy exchange rate against our biggest export markets: UK & US whose rates are incredibly weak and as consequence, they will not buy from our companies.
Leaving isn't impossible, but it will be tricky at the start although like Iceland... a weak currency will help us recover more quickly.
The people so far on this poll - 60% being No, Most of them are opposing withdrawal because they think the currency is stable despite the rate being way too strong.... A High Valued Currency is not going to get us out of debt.
Jaysus - do we know how much it cost Ireland to get into the Euro - just imagine how much (much needed elsewhere) money it would cost us if these stupid ba$stards in the Govt decided to go that way, what with consultants, hearings, referendums, Cabinet Meetings, TD's clinics, votes, and god knows what else. Cut down TD's, disband the Senate, Cut down the quangos, get real for once - and tough it out. The euro is real. And for the guy who is brave enough to suggest the £ - just read what the britbashers on here have to say about their army, let alone their currency, which ain't worth anything today anyway.
'THEY WENT BECAUSE THEIR OPEN EYES COULD SEE NO OTHER WAY' Cecil Day-Lewis' epitaph to the British & Irish men and women of the International Brigades, Spanish Civil War.
How do you know most of them think the currency is stable despite the rate being way to strong. I didn't see any option to give reason why other than pick the two pre-defined.
Crazy idea. No.
I am not convinced Iceland is doing so well. Prices for food & other imported goods must have rocketed there.
As already mentioned everything we import would suddenly rocket in price. The punt wiuld just mean devaluation every 5 years as we did in the past.
Leaving the euro would mean Ireland is less attractive to FDI due to fluctuating exchange rates.
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We need to relaunch the Punt or else join with her Majesties finest sterling, the Euro never benefited Ireland and drove up prices in a time of prosperity and the lemmings just accepted it. The Euro is by and a far just a renamed extended Deutsch Mark which suits the French and German economies, while the Celtic tiger roared driven by unsustainable record low interest rates the Germans and French were struggling to get above 1% growth, Ireland fell for the trap and the Euro has crippled Ireland, Greece and Spain.
So far we have been voting corruption into parliament - just because many vote the same, intelligence cannot be inferred.
Most of them have not qualified their opinion for which you can make any assertion on their behalf. Most may for instance, think we should not have gone there in the first place but now realise that pulling out is not the way forward.The people so far on this poll - 60% being No, Most of them are opposing withdrawal because they think the currency is stable despite the rate being way too strong.... A High Valued Currency is not going to get us out of debt.
We are "they"
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