How many cannibals can you feed?

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7 Total Votes
re. ireland and engineers by Merekat (4.00 / 1) #1 Mon Mar 24, 2008 at 06:26:59 AM EST
I'm not a big fan of Ireland getting out of the euro and consider the idea a rather weak cop-out. I rather like the fact that the shower of corrupt, opportunist fuckwits that run the country are accountable to at least one higher power, even if it isn't the one it should be (stupid electorate). They fuelled the boom recklessly and everything they have tried to do to correct wrt. the property market has been crowd pleasing election fodder and ultimately made things worse.

Currently reading the engineers trilogy. While I'm reading it, it is gripping, intriguing, well told and generally absolutely fantastic stuff. As soon as I put it down though, I am curiously reluctant to pick it back up again.



Engineer trilogy by TheophileEscargot (2.00 / 0) #2 Mon Mar 24, 2008 at 07:19:36 AM EST
I lent volume 1 to someone who beforehand has read books overnight and given them back to me, but this time she's kept it for months.

Some people seem to love it, but maybe it's not for everyone.
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"Everything is vague to a degree you do not realize till you have tried to make it precise." -- Bertrand Russell
[ Parent ]

Hasn't the Irish currency by jump the ladder (4.00 / 1) #4 Mon Mar 24, 2008 at 04:24:10 PM EST
Always been tied to either the British pound, the Deutsche Mark or the Euro? So the Irish politicians have never had full reign over economic policy.

Glad that the UK has stayed out of the Euro as I definitely think we could do with a bit of a devaluation.

[ Parent ]

not exactly by Merekat (4.00 / 1) #5 Mon Mar 24, 2008 at 04:31:51 PM EST
Before the preparation for the euro, it followed the British pound generally but in no way that was contractually binding.

[ Parent ]

13 is the new black by Rogerborg (4.00 / 1) #3 Mon Mar 24, 2008 at 08:23:42 AM EST
Hey, did you hear that Jockland is seeking to emulate the Celtic Tiger, just as it's being skinned.  I guess the secret is to realise that regardless of being proud, noble blah blah, you're just cheap Native labour as far as your paymasters are concerned, so it's best not to get ideas above your station.

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Metus amatores matrum compescit, non clementia.


youtube videos by hulver (4.00 / 1) #6 Mon Mar 24, 2008 at 07:04:49 PM EST
They need the full www.youtube.com, not just the youtube.com bit.

I might change that, but I'm a bit paranoid about allowing them in the first place so my code is a bit restrictive what it will allow.

And, yeah I finally fixed the everything link.
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smart, pretty, sane. pick two - georgeha


Ireland by nebbish (4.00 / 1) #7 Tue Mar 25, 2008 at 06:14:07 AM EST
Even if things get worse, they won't be as bad as before it joined the EU. It was a complete basket case.

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It's political correctness gone mad!


hear hear! by Merekat (4.00 / 2) #8 Tue Mar 25, 2008 at 06:39:55 AM EST
When I was in primary school, our family was notable because my dad had a job. Mortgage interest rates were double-figures, and people were pouring out of the country.

The EU helped Ireland come from a place somewhere near current living standards in Lithuania and rural Poland to where it is now. That pace of development has a cost you don't evade by simply dropping out when the going is tougher again.

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I don't understand the get out of EU logic. by Tonatiuh (4.00 / 1) #9 Tue Mar 25, 2008 at 10:04:06 AM EST
States in the US ( or in any other Federal Republic ) don't have control over interest rates neither.

This is not a unique problem, but you don't see Texas trying to leave the US (yet) or Lower Saxony seceding from Germany ...




Well by R Mutt (2.00 / 0) #10 Tue Mar 25, 2008 at 10:20:56 AM EST
Texas is economically tied very closely to the US, and Lower Saxony is tied very closely to Germany. There's high labour mobility in each case, since language barriers are less of a problem.

But from the article, Ireland is experiencing a house price collapse that's not happening across most of Euroland, and a higher rate of inflation than it. But it cannot adjust its interest rates to fit its own circumstances.

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