We are a family right?
That's why we are shouldering the burden of what is in part European debt equally.
The builders, the banks, the public service and the civil service all protected under the bailout - unprotected middle Ireland who had no real part in this mess are truely paying a terrible price.
We `are a family right?
equal voice - dont talk .................................... there is neither an equal voice in Europe nor Ireland.
Irish middle Ireland citizens dont even have a voice in Ireland and neither do those protected under the bailout careless - hear their silence................on how fair this is - but then they are protected.........
A leader who stands up for his country in Europe. An understandibly alien concept for our sellout merchants who refused even to request a revision of the terms of our bailout as a price for ratification of the Fiscal Compact.![]()
[QUOTE=Neutron;5870527]You do know Britain lent us €9 Billion of the total bailout money we got from Europe.
Lets look at that.
British companies for years have been on the international stage securing the right to provide product in both the Uk and Ireland. They are out-side the Euro. So they strike an UK sterling price list - and in the vast majority of cases they strike an Euro price list that is substantially higher than the central bank rate - ( remember the public out cry over the pricing difference between UK companies stores in NI, Republic and UK mainland.)
This action has serious ramifications on our exchequer - it is some of these Uk companies who have these rights over us that are determining what costs will be charged to our distributors, retailers and you the end user. Too high a price and we are uncompetitive( guess what we already are) this makes distance selling into us very attactive for many but particularly some UK based companies!!! surprise surprise.This is already happening. Let me see who does that hurt --- the Irish taxpayer.
what do we do - let me see - we agree to the Vat grouping directive - thats a multi location directive - that allows multi national businesses to invoice within their own jursidictions exempt of vat - in the case of the Uk who are out-side the Euro - you now have some Uk suppliers shipping into ireland exempt of vat and invoicing in sterling the UK HO of some of these multi nationals- then some of these mutli nationals re-issue to their Irish operations some at exchange rates in excess of the central bank rate - little wonder we do not get the same price as our "equal" UK EU citizen - how ever it is very nice profit if you are one of these UK companies trading in this manner in Ireland - you are securing substantial cash flow benifit and profit before profit , you are contributing to making UK supply companies alot more attractive for supply in Ireland than irish suppliers, etc, etc
This is just the beginning of what we "give"
Dont need a degree to work out how damaging this is to our supply chain, dont need a degree to work out how damaging this is to our independent trade- dont' need a degree to work out how this effects our exchequer returns.
All these procedures are legal - the loser is of course the irish taxpayer - we are allowing substantial resourses to leave this country,a substantial level of which fiscally goes to the Uk and then we borrow from them and have to repay that !!!!
The 9 billion is not quite in the light you suggest. Had Ireland gone under the ramifications on the uk exchequer from our "agreed" concessions and Europe "forced" directives would have been substantial.
It is very hard to see how the idiots that signed us up to these procedures are working for us - maybe if they go work for the British then we might actually benifit.
Last edited by The Old Woman; 8th October 2012 at 12:19 AM.
Doesn't Cameron do this annually? David Miliband labels David Cameron 'foolish' over Europe veto - Telegraph
And as for Britain's loan, they initially had a margin of over 2%, i.e. they borrowed the money from the markets (which lent to them but not us) and added 2.3% to the rate. This wasn't so much a favour as keeping a dangerous systemic risk afloat, while making a few sterling out of it. The fact they reduced the margin to almost zero so readily tells you a) how stupid our 2010 Irish bailout negotiators were and b) how dangerous an Irish default is to Britain.