1. What is the economic fall out of the current currency crisis for Ireland?
2. Should the EU be devaluing the euro to soften the pain for countries like Ireland?
3. Is the euro and our lack of monetary controls costing Ireland dear in this situation?
4. Should the south of Ireland be pushing for consistent tax rates and a common currency across the island of Ireland?
no,no,no and no.
gotta love the value of the euro.
well atleast they love it over here.
Still, even as the investor consensus ravages the euro, it's worth remembering that the same herd instinct not long ago was pronouncing last rites for the dollar. Last year, as China's central bank chief called for a new global currency and Russian central bankers dumped greenbacks to buy euros, many saw the dollar's decline as inevitable. Now, the dollar is riding high, and the euro looks bedraggled.
"Views might change very quickly"
1. We can't manage our own economy as much as we would like. Given the limitations, FF should not be allowed to be in power when the recovery happens as they will F888 it up.Originally Posted by bradán feasa
2. Strong argument to say yes, but Germany isn't doing too badly out of this. Rest of Europe could do with a break.
3. It's swings and roundabouts.
4. In the US each state gets to set their own taxes on certain items. Forces competition. Competition is a good thing. Even if you lose in the short term it makes you leaner.
4. Sinn Fein trying to shoe-horn thier single issue into everything.
On the environment, I had a leaflet from P MacLochlainn calling for all-island recycling schemes.
If there is a future, it will be Green.
A large part of the export sector is uneconomical and there will be a large number of business closures and job losses.
Won't happen. We're too small.
The euro hepled us withstand a collapse like Iceland when the credit cunch happened. However, a collapse of sterling against the euro was always our nightmare scenario. It was an inherent risk of entering the euro without sterling.
No benefit to us. Northern Ireland is not a big market for our goods as it is an even smaller market. There is a stronger argument for "consistent tax rates and a common currency" with the whole of the UK.
Well one could say that 'single issue' whether it be Sinn Fein's or not is involved in everything anyway.
It seems support for joining the euro is growing fast in the uk.
But don't know if we want them.
why should we accept a country who only wanna join the euro if they are in trouble.
need to think hard about this
Still, even as the investor consensus ravages the euro, it's worth remembering that the same herd instinct not long ago was pronouncing last rites for the dollar. Last year, as China's central bank chief called for a new global currency and Russian central bankers dumped greenbacks to buy euros, many saw the dollar's decline as inevitable. Now, the dollar is riding high, and the euro looks bedraggled.
"Views might change very quickly"
If the euro continues to increase in value its going to put major pressure on our export business, especially small indigenous business who depend more on Britain than LMEs.
The effect will be simply the closing of the British and to a lesser extent the US market to Irish goods and services.
Is it not extremely dangerous for Ireland to be a member of the euro considering the EU central bank don’t give a flying football what happens to us. Is it not an example of Large countries good Small countries what ever.
The currency crisis is particularly acute in the area north of the Galway to Dublin line as retail is taking a unfair competitive hammering. Swings and roundabouts are not a good platform for long term economic development on either sides of the border.
Lean is fine in a level playing field but a 30% currency fluctuation in 6 months is going to kill a business no matter how lean they are.
The Iceland example is over played at this stage. 320,000 people live there. Norway, Sweeden and Denmark have similar populations and their own currencies.
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