How Ireland Will Destroy the Euro

[myksav]

Oh, a hedge fund manager. Of course he has no interests.

[Jarl Van hoother]

Funnily enough, that's not the case. Our GDP breakdown by sector (2002) is:

Agriculture: 5%
Industry: 46%
Service: 49%

as opposed to, say, the US:

Agriculture: 0.9%
Industry: 24%
Service: 78.6%

Source

I appreciate that's 2002, and our service sector is probably slightly larger now, but we're actually a industrial/export economy, not a service one. Strange but true!

Who'd a thunk it

Interesting

[kerdasi amaq]

Maybe the government will have to default on the national debt; as they will reach a point where they will be unable to squeeze any more money out of the economy. Every time they put up a tax or introduce a new one, it will cause a reduction in revenue. It interest rates go up in the New Year expect the STHTF.

[toughbutfair]

The OP has proven to be false. The doomsday scenario of a 400bn failure didn't happen. The guarantee runs out in Sept 2010 and it won't have cost us a penny bar the higher interest on our borrowings but the levies the banks pay have offset this.

[jcdf]

The OP has proven to be false. The doomsday scenario of a 400bn failure didn't happen. The guarantee runs out in Sept 2010 and it won't have cost us a penny bar the higher interest on our borrowings but the levies the banks pay have offset this.

Does this make you happy toughbutfair? Do you feel smug?

By contrast McDonalds has not actually been doing that well. It has been closing it's branches in Iceland and further abroad.

[toughbutfair]

Does this make you happy toughbutfair? Do you feel smug?

By contrast McDonalds has not actually been doing that well. It has been closing it's branches in Iceland and further abroad.

Does it make me happy that the doomsday scenario the wet trousers brigade talked about never happened?

Yeah - duh