Originally Posted by goosebump

Of maybe we could finally come to the conclusion that currencies have no intrinsic value and that for as long as we spend more than we earn we're fukked regardless of what colour paper we have in out pockets?

Agreed, but I would add to that that as long as we agree to pay the debts of private gamblers who only lent for profit we will never have the money we need to pay our way.

Originally Posted by seabhcan

How, practically, would this be done? A press release?

Personnally, I don't mind if everyone else changes to punt or sterling. I'd like to keep my euros. Will they come and take them off me?

Depends on what Ireland would make the banks do.

Originally Posted by Toman13

So you think we'd be better to stay in a currency that would result in us losing the power to set our own corporation tax rate than using either of the currencies of our biggest single trading partners?

You know that setting our own corporation tax is not an end in itself?

Wonder how much McWilliams has made like other economists by talking shyte over the past four years? Where were these frauds when the real damage was being done?

Originally Posted by Keane

Wonder how much McWilliams has made like other economists by talking shyte over the past four years? Where were these frauds when the real damage was being done?

i think mcwilliams forecast the property crash in 2002 , but then so did auld joe the farmer n the pub

Macker is going to be on Pat Kenny (from 10am). Doing his best rendition of 'God Save the Queen' no doubt.....

I would peg An Punt Nua to Sterling.

Given the question must logically focus on our immediate needs, I voted yes. BUT adopting Stirling is not a option we should ever consider. With the likes of UKIP fulfilling a role it defines for itself amongst Irish political opposition, and the fact our highstreets are effectively British shopping centres, having stirling would invite even more political and economic adventurers to our shores from the UK. Bad idea.

The Ginger Whinger is on PK Today in a few minutes, as far as I know.

Originally Posted by paulp

You know that setting our own corporation tax is not an end in itself?

Really? So you think that Multinationals would set up in a peripheral country like this if they had to pay the same corporation tax as in a Core country like Germany? And you do realise that most of our exports are from multinationals?

Losing the power to set our own corporation tac would destroy our economy and set us back nearly two decades.