ok I didnt see the full programme but goin on this snippet, i think Vincent Browne is equally at fault here...he kept interupting her and talking over her,, as she was trying to make her point! She didnt get to comlete one sentence....whats the point in bringing people on the programme..if hes only goin to sit there like a grumpy old man and get kudos from the viewers, for giving the odd slap to our bold politicians?! Bit Jerry Springerish? Joan has an annoying voice..but she knows her stuff.. oh I miss John Bowman!
ok point taken....theres nuthin more annoying than a spokesperson who hasnt prepared.....
on the corrib line....there are few facets... 1the environmental impact on the surrounding countryside and the people living there; the fatc that our usleless gov handed over this resource for a song; this resource would come in mighty handy for shoring up the diff on the nations books
A vast majority of the traders to whom I spoke were in shock. They wanted to know why we had not defaulted. They understood the law of the jungle: if bankers lend to a high-risk client -- like Ireland -- they expect to pay the price; Ireland's Government have behaved like mugs. In short, they should have burned the bondholders. Instead, they capitulated to the demands of the big guns in Europe and threw the citizens to the wolves.
Joe Higgins, the principled socialist, is in agreement with the free marketeers.
Default was an option, but we bottled it.
The traders were adamant: default would have been far better for the credit rating of the nation than the current endless doubts about the prospects for our solvency.
Our failure to default means that, instead, we are constantly being downgraded, ensuring that we cannot borrow in the global markets.
We are bankrupt. Let us default. Once we have settled with our creditors, we will rapidly rebuild confidence. Our credit rating will recover.
Foreign investors are already circling the bombed-out investments of Ireland, bottom-fishing for bargains. Some are even wondering whether to buy Irish debt. If we default, there is only one way for confidence -- up.
sharmini Forum Posts (2,918)
Ears resurrected!
closer...neyo
this song always puts me in good mood!