There is no shortage of people crying about the economic problems nowadays but there are few willing or able to offer any solutions.
As I have said all along, to some ridicule let me add by some nasty party hacks here who will remain nameless, that the euro is toast.
Ye can take that to the bank, the euro is finished.
When a currency is in decline the normal trajectory is for it to lose value. The rate at which it loses value increases exponentialy. On a graph it is described as going parabolic. This phase because of mathematics has a very short timespan and it is all over. This market action can be seen in even stocks and commodities.
However the euro is not like other currencies. It does not, as of yet have a tax base on which to feed and to give it credibility. For this reason it may not even have a parabolic stage. It may just go POOF overnight.
Then we would have a real mad max situation in Ireland (and elsewhere)
Who knows how many would die.
The government needs to prepare for this.
They need to set up a currency board. This entails taking a billion euro, lets say, and holding it in a vault. They need to print 1 billion punts in it's place. Each punt would be equal to the euro which it replaced on a one for one basis.
The 2 notes would circulate and the people would get used to giving the punt value and would trust it.
Secretly the government would print a greater quantity of punts and hold them securely.
When the euro POOFs these could be rushed to the banks within hours.
The finance minister could order prices to be fixed at the punt rate of the day before.
After the immediate crisis has passed then the punt can be released to find it's own price range.
The government would decide this final price as they would be the sole decider on the supply of the punt.
It is only a matter of time before the currency crisis hits.
If Ireland had an opposition party it would have some hope but as everyone agrees, Enda is as useless as tits on a turtle