Austerity Killing Greece And Wrecking The IMFs Own Solution

[an innocent abroad]

Most of the money we are looking to borrow is to continue financing our public sector including healthcare and social welfare, and likewise with Greece. And we all know thats a black hole.
If we can cut our spending on this then we can invest in job stimulation.

I get such a pain in my ass listening to this crap! Seperate the banking debt from the public debt first and then let's see which one should be parked or those responsible start being held accountable. Reckless bankers. Bertie, Cowen McCreevy can be held accountable for buying elections, Lenehan and et al for the bank guarantees ( Against advice costing us millions which he then ignored) So far these are the two instutions were the blame lies. Yet not one of them are suffering AUSTERITY! WE ARE!

So stick to the facts. I refuse to accept collective responsiblity for the criminal financial behaviour of these two instutions. "Shooting everybody in the village" for the madness of others is really pissing me off. Not only that, these Bxxxxxxs are now living off pensions that would cost anybody in the private sector millions to fund. Reward for failure is the privilge of the few.

[an innocent abroad]

Most of the money we are looking to borrow is to continue financing our public sector including healthcare and social welfare, and likewise with Greece. And we all know thats a black hole.
If we can cut our spending on this then we can invest in job stimulation.

I have such a pain in my ass listening to this crap! Let's seperate the banking debt from the domestic debt and start by holding those responsible. The bankers..... Bertie, Cowen, and McCreevey for buying elections. Lenehan for the bank guarantees ( even though he spent millions on advice and then went against it) I refuse to accept collective responsibility for the financial criminal behaviour of these instutions. The " shoot everybody in the village" is killing this country and these Bxxxxxxs are now living on pensions that would cost millions to fund in the private sector. THEY ARE NOT SUFFERING AUSTERITY. WE ARE!

[moralhazard77]

I get such a pain in my ass listening to this crap! Seperate the banking debt from the public debt first and then let's see which one should be parked or those responsible start being held accountable. Reckless bankers. Bertie, Cowen McCreevy can be held accountable for buying elections, Lenehan and et al for the bank guarantees ( Against advice costing us millions which he then ignored) So far these are the two instutions were the blame lies. Yet not one of them are suffering AUSTERITY! WE ARE!

So stick to the facts. I refuse to accept collective responsiblity for the criminal financial behaviour of these two instutions. "Shooting everybody in the village" for the madness of others is really pissing me off. Not only that, these Bxxxxxxs are now living off pensions that would cost anybody in the private sector millions to fund. Reward for failure is the privilge of the few.

I feel exactly the same.

We are being raped financially and the day is coming very soon where people will rise up and put a stop to this.

They can take all the fiat money they like but they will never take our state assets.

Expect blood on the streets if they even try.

If they even sell the lotto I hope all Irish people never do it again.

Why would it be in our interests to sell a license to print money into private hands?

Selling state assets is where I draw the line at socialising bank debts.

[darkhorse]

Thats funny, since in just one of the many bailouts they took 6 billion just from the Pension Reserve Fund alone and we have no way of knowing what their final debt is.

The central bank stress tests found:

• AIB will ''require'' an additional €13.3bn.
• Bank of Ireland will ''require'' €5.2bn.
• ESB will ''require'' €1.5bn.
• Irish Life & Permanent (IL&P) will ''require'' €4bn.

40 billion + has already been given to them we could not have done that without the Troika, not to mention we would not be in this mess at all without the actions of said banks.






LOANS are required to finance our public services, theres no logical reason to attach absurd things like a household charge or privatization of state assets to that (which is austerity, loans are not austerity) as conditions, theres no logic to it, other than to strip our state and sell it for parts to international investers.



We can't invest in jobs if we are sucking money ouf ot the economy and killing any chance of growth. Espechally when all the while we sit idly by without regulating the kind of practices that got us into this mess and are likley to cause a second crash within 5 years.

€40bn can be financed for around €2.4bn annually at 6%
And who do you think is financing the annual Government overspend of €22bn on public services?
Does it grow on trees?

[TropicalCandy]

€40bn can be financed for around €2.4bn annually at 6%
And who do you think is financing the annual Government overspend of €22bn on public services?
Does it grow on trees?

Its not an overspend, the quality of those services is pathetic compared to our european neighbours. The problem is revenue has collapsed because of the recession, not that we overspent.
...and again, we would not be in this mess without AIB, BOI and their American and British cousins making a balls of things.