We are "rich" - "Ireland will come out of this very well off" - Respected economist

[odlum]

He does make some very valid points. He claims we can bailout all our banks and we will still have lower national debt then most countries. Indeed the latest IMF report shows that while Ireland will spend alot that the country will maintain it's posistion as 5th richest in the world per capita beyond 2010 - things are not as bad as the hysteria from some foreign outlets (not looking at the British) would have us believe.


lol here he is again

[ame="http://www.youtube.com/watch?v=ow69QK2uv2E"]YouTube - Recession & Rescues; Ireland's Debt Riskiest In The Euro Region - Bloomberg[/ame]

[joel]

Heh .... that English guy says towards the end of the clip words to the effect that some of the immigrants from places like Poland will have to get sent home

I mean ... hellooo ... Poland is an EU Country dude .... freedom of travel etc etc

In other words, there has to be a limit on social.

[Ah Well]

He does make some very valid points. He claims we can bailout all our banks and we will still have lower national debt then most countries. Indeed the latest IMF report shows that while Ireland will spend alot that the country will maintain it's posistion as 5th richest in the world per capita beyond 2010 - things are not as bad as the hysteria from some foreign outlets (not looking at the British) would have us believe.


lol here he is again

YouTube - Recession & Rescues; Ireland's Debt Riskiest In The Euro Region - Bloomberg

Well what significance does this have then? The World's Biggest Debtor Nations - Slideshows - CNBC.com ... there was a Thread on this the other day (ie the link I just posted not re the subject matter of this Thread here)

[Cael]

Also comparing the 26 counties to Germany, Britain and the US is ridiculous. The exposure in those countries is nothing compared to here. Over 95% of our exports are coming from multi-nationals, who have no real reason to be here any more.

[Cato]

Charles is now my new totem of hope. This guy should be replayed over and over again on RTE.

Regardless of all that though we do have a few tough years ahead, but we will come through it.

[joel]

Also comparing the 26 counties to Germany, Britain and the US is ridiculous. The exposure in those countries is nothing compared to here. Over 95% of our exports are coming from multi-nationals, who have no real reason to be here any more.

Why not? You're talking up a problem.

[odlum]

Also comparing the 26 counties to Germany, Britain and the US is ridiculous. The exposure in those countries is nothing compared to here. Over 95% of our exports are coming from multi-nationals, who have no real reason to be here any more.

The bond markets don't seem to be having a problem buying our debt right now. Remember the UK had a failed auction just a month ago so, I mean, the markets seem content for now with what they see. That is all we can go on.

And tbh I would take his advice over most.

[Cael]

Why not? You're talking up a problem.

Talking up a problem? I'm afraid this is a problem that has no need of talking up. No matter what we say, its likely to be an understatement.

[Ah Well]

Also comparing the 26 counties to Germany, Britain and the US is ridiculous. The exposure in those countries is nothing compared to here. Over 95% of our exports are coming from multi-nationals, who have no real reason to be here any more.

Yep ... obviously one can't exactly break out the Champagne and go mad based on the news from this guy on the Vid in the opening post.

Another thing ... even if there are signs of a recovery/they become apparent elsewhere, there's no guarantee that we'll get a happy bounce just cos others experience it .... some in this country rode the pig's back well for the last decade or so ... no entitlement nor can we expect to come up smiling automatically if things turn around for others internationally

[Cael]

The bond markets don't seem to be having a problem buying our debt right now. Remember the UK had a failed auction just a month ago so, I mean, the markets seem content for now with what they see. That is all we can go on.

After everything thats happened, you still go on "the market?" And dosnt it seem like a serious problem to you that a country that has little or no industrial development, except for a few multi-nationals, is now living the life of a weathy country, with agricultural land prices ten times that of France, and paying for all of this out of premium rate borrowings?