"The ESM can take direct responsibility of problems that occur under the new supervision, but legacy assets should be under the responsibility of national authorities."

Euro zone split over how to interpret bank debt deal | Reuters

Originally Posted by storybud1

We have been through this Keynesian type scenario so many times it is ridiculous, kicking the can down the road is pointless unless we can cut our cloth immediately. I would edge a little towards Hayek but not completely.

1) Slash the social welfare spend in one week with biometric ID cards for every person over 16 on the Island.
2) Draw up plans to leave the Euro and show the Troika the plans (it is a bluff of course, tell the Multinationals discreetly it is a bluff also, but it works for Greece)
3) Whip the backside off the banks for all the lies they are still telling us,start firing some of these criminals, for a start
4) Begin teaching Science/IT from age 7 in every school
5) Get a real business man to attack the HSE / Civil Service / Justice department, the mission is simple, make Ireland the least corrupt, crime free, low cost Country in the Euro Zone with low corporate tax and highly educated English speaking young workforce.

Implement these basic tactics immediately and the investment will come in. Expand or Die!

That's my rant over.

If the Euro does not fall tomorrow, i will eat my dog!

Big dog or small?

Huge riots in Greece with police beating up Greek citizens for opposing the elite. Only makes 20 seconds of coverage on RTE.

And the sliver about Madrid shown at Six One was cut by Nine.

Originally Posted by Cynicist

If the Euro does not fall tomorrow, i will eat my dog!

Please don't choke on the poor animal.

We need your future insightful analysis.

Originally Posted by Cynicist

If the Euro does not fall tomorrow, i will eat my dog!

Please do something positive if you wish to protest, find a Government TD (either Party will do) cook him / her and feed the dog, at least one person will be able to say they received some value from our elected Government.

Rte or any country state controlled tv , will avoid showing any of the Greece ,Spain protests , they don't want the people getting ideas

Originally Posted by Crazy horse 6

Huge riots in Greece with police beating up Greek citizens for opposing the elite. Only makes 20 seconds of coverage on RTE.

The people of Spain and Greece are shedding their blood so the the Europhiles can continue with their wet European Empire dream.