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    Posted 18th September 2013 04:30 PM
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    Stefan Kawalec and Ernest Pytlarczyk have written an interesting paper proposing the "Controlled dismantlement of the Eurozone".

    It's interesting stuff. The novel points that jump out at me are:

    * The crisis nations (us, Spain, Greece etc) don't leave the Euro at first, Germany does.

    * Once the process begins, only residents of Germany can have bank accounts in the new German currency.
    by
    Posted 10th September 2013 05:13 PM
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    2. Breaking News,
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    news/attachments/s6njow.jpg-390.html

    Unbelievable stuff from a guy Jim Stafford earlier on RTE drivetime

    *** Listen Here ***

    At about 1.16 the most unbelievable conversation unfolds..
    According to this 'personal solvency practitioner' insolvent solicitors, accountants and hospital consultants in the PIP process should be allowed to stay in their trophy homes unlike PAYE sector people so that their status with their neighbours will not suffer...
    ''A solicitor should have a bigger house so that his neighbours and clients that can see that he is a good person''
    by
    Posted 13th March 2013 10:56 PM     Number of Views: 3446 
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    2. Business & Economy
    news/attachments/arrears.jpg-374.html

    Well, folks, today might be a bit of a mixed bag for lots of posters here.

    We might finally be getting to the end of all the mortgage related threads on P.ie . And as one of the biggest culprits on the 'mortgage moan' front, I've decided to set up one last, hopefully consolidated, thread.

    The price of an end to all these threads and moaning, might be an increase in your feelings of disgust, anger or frustration at what you might consider an over-reaction by the government, or the creation of a massive moral hazard.
    by
    Posted 8th March 2013 07:07 PM
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    2. Business & Economy
    news/attachments/john-moran-595x250.jpg-369.html

    Eye opening stuff from John Moran yesterday, none of the couching that politicians engage, just hard reality.

    1. Legislation is going to be passed to get around the Dunne judgement. Banks are going to be able to repossess houses as a last resort where there is no realistic possibility of repayment of the principle.

    2. Large subsidising of mortgages seems to be ruled out: "It is not necessarily appropriate that banks should be using taxpayers' money to subsidise people living in accommodation, even if it is a family home, that is beyond their means."

    3. On repossession rates in other countries: "Maybe we will move to those levels. We have had as serious a crisis as everybody else."
    by
    Posted 6th March 2013 04:05 AM     Number of Views: 3894 
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    2. Breaking News,
    3. Business & Economy
    news/attachments/potd2.jpg-367.html

    Big progress for the Irish govt is expected today in their efforts to postpone debt repayments as finance ministers meet today to discuss approving it, with little opposition expected. The Indo are hopeful of a "deal" being announced
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    SPN

    Posted 23rd December 2012 10:50 PM
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    As someone who is totally opposed to the property tax on the principal private residence, I do think that Noonan is making a very valid point.

    Maybe if they converted it into a stupidity tax, and levied it on people who were stupid enough to a) support Fianna Fail, b) support Amateur-Fianna Fail, c) give their hard earned to Rupert Murdoch, then I might just change my opinion of it.

    But for now it remains an unfair tax, based on what someone else is able to borrow to buy a neighboring property, and should be scrapped.
    by
    Posted 11th September 2012 06:09 PM
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    2. Breaking News,
    3. Business & Economy

    Just announced by the NTMA. Release.

    Auction of Irish Treasury Bills

    Tuesday 11th September 2012 - The National Treasury Management Agency (NTMA) announces an auction of Treasury Bills (‘Bills’)