So Catholisism was a sign of protest against occupation ?
Look around.... I dont see any occupation in the republic.
Hang on ? I though our religion was a sign of protest against British occupation ?
Now your just talking crap.
People are in negative equity because they bought very expencive houses at the peak of a propeerty bubble.
A bubble that was fueled by IRISH politicans and the IRISH public and the IRISH banks.
Get a grip. The catholic church (or any other church for that matter) has SFA to do with us beng in debt.
I thought it was all the fault of the British ??
Twat.
Every nation has been screwed by someone at some point in it's history. It is human nature to do these things unfortunately. We just seem to get off on it, we cannot let it go. Even when we have been screwed by our new landlords for 90 odd years, we are still whining about our old ones.
I think we should be worrying more about the amount of debt we ran up as a nation. Or will we just keep blaming Lehman Brothers for the next 100 years.
Ireland at No1 on this list:
News Headlines
We could have a new song "come out ye dirty bankers"
sorry for the stupid question but can someone explain to me how we have a goross External debt of 2.32 trillion what that much money we must be pay loans that date back to 1196
1. Ireland - 1,312%
External debt (as % of GDP): 1,312%
Gross external debt: $2.32 trillion
2009 GDP (est): $176.9 billion
When I see the thread title, I do not understand why such a jingoistic headline is tolerated by the so called moderators.
People get banned for far less.
Cowardice asks the question - is it safe? Expediency asks the question - is it politic?
Vanity asks the question - is it popular? But Conscience asks the question - is it right?
And there comes a time when one must take a position that is neither safe, nor politic, nor popular;but one must take it simply because it is right. -MLK
I wonder why Greece is in so much trouble inspite of having smallest debt. Is it a case of bigger the better ? Perhaps we can compare it with the fate of developers & common man in this country. Ones who borrow billions are off the hook easily by banks. A home owner with a mortgage is pursued to the end if he/she can't repay.
The home owner should be the first to be rescued. They owe c.€80bn more than they should. Their mortgages should be reduced by this amount. They would then spend the savings on other essentials i.e. having kids etc. VAT of 21% is collected each time they buy something. The State would get back over €1bn each year from VAT alone. The extra spending would be a great fillip to internal trade. There would be:
- Less businesses closing down
- The flow back for businesses and State Revenue extents for the next 25 to thirty years
- Less unemployment
- Property would begin to sell, thereby rescuing the billionaires
- More revenue for State from PAYE, PRSI, C/T etc
- Enable businesses and people pay down their Credit Card Debt etc
- Confidence that we would dig ourselves out of the financial hole would be much greater.
- The extra spending would provide the extra business working capital, which the banks won't lend
- Business activity would be increased; giving a much better chance that our International Lenders get their money back without subjecting the Irish people to unnecessary financial hardship.
- The people rescued from financial hardship would be much greater than the few billionaire borrowers, with overall positive effects on the economy.
However, all this calls for enlightened politicians with vision! Oh! Mother of God, I am watching this nightmare playing out for a full ten years.
Instead we throw public money straight into the International Banking Black Hole and wonder why the banks still have no money.
What's holding our politicians back? Is it the whispers they are hearing from behind closed doors from the likes of Goldman Sachs personnel; the guys that claim they are doing God's bidding on this earth?So, it’s business as usual, then, regardless of whether it makes most people howl at the moon with rage? Goldman Sachs, this pillar of the free market, breeder of super-citizens, object of envy and awe will go on raking it in, getting richer than God? An impish grin spreads across Blankfein’s face. Call him a fat cat who mocks the public. Call him wicked. Call him what you will. He is, he says, just a banker "doing God’s work http://www.timesonline.co.uk/tol/new...fset=36&page=4"
Last edited by WTTR; 26th May 2010 at 01:46 AM.