Foreign Correspondent tomorrow
Feb 20th 2011, 10:56 pm
#1
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Foreign Correspondent tomorrow
Just saw a trailer for tomorrow's FC on ABC1 at 8pm (aest). http://www.abc.net.au/foreign/
It's about Ireland and people moving overseas (Australia high on the list) because of the recession. Could be interesting if not cheery
Just thought I'd share the info
It's about Ireland and people moving overseas (Australia high on the list) because of the recession. Could be interesting if not cheery
Just thought I'd share the info
Feb 21st 2011, 10:52 am
#2
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Re: Foreign Correspondent tomorrow
Long live the EUSSR. It might work once it's been whittled down to Germany, Holland and one or two others. But I wouldn't bet on it 
Feb 21st 2011, 10:55 am
#3
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Re: Foreign Correspondent tomorrow
EMU has been a total clusterf**k for the poor European countries like Ireland, Portugal and Greece.
Feb 21st 2011, 11:03 am
#4
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Re: Foreign Correspondent tomorrow
>>EMU has been a total clusterf**k for the poor European countries like Ireland, Portugal and Greece.<<
It was sad seeing all the cr@p about the "Tiger" economies when countries like Ireland and Spain were booming with EU money - new roads, airports etc - and knowing it was going to blow up sooner or later.
Chickens always come home eventually. Gordon Brown's are pecking at the henhouse door.
It was sad seeing all the cr@p about the "Tiger" economies when countries like Ireland and Spain were booming with EU money - new roads, airports etc - and knowing it was going to blow up sooner or later.
Chickens always come home eventually. Gordon Brown's are pecking at the henhouse door.
Feb 21st 2011, 11:17 am
#5
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Re: Foreign Correspondent tomorrow
>>EMU has been a total clusterf**k for the poor European countries like Ireland, Portugal and Greece.<<
It was sad seeing all the cr@p about the "Tiger" economies when countries like Ireland and Spain were booming with EU money - new roads, airports etc - and knowing it was going to blow up sooner or later.
Chickens always come home eventually. Gordon Brown's are pecking at the henhouse door.
It was sad seeing all the cr@p about the "Tiger" economies when countries like Ireland and Spain were booming with EU money - new roads, airports etc - and knowing it was going to blow up sooner or later.
Chickens always come home eventually. Gordon Brown's are pecking at the henhouse door.
Things that Brown did are going to haunt the UK for years. Just as the UK is culling it's military because they can't afford it, the world has suddenly become a far less safe place. Madness.
Feb 21st 2011, 12:44 pm
#6
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Re: Foreign Correspondent tomorrow
At least you don't get as much corruption in the EU as you get in Aus. 
Feb 21st 2011, 12:49 pm
#7
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Re: Foreign Correspondent tomorrow
I don't know which is worse but corruption in the EU is pretty bad. There is plenty of info out there about this from people like the UKIP and other small players in the EU.
I'm not against the EU as such but I am against the Euro.
I'm not against the EU as such but I am against the Euro.
Feb 21st 2011, 1:12 pm
#8
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Re: Foreign Correspondent tomorrow
This is a cracking read on th Irish recession.
They have a general election this week, hope whoever gets in can stop the 'bailout'
They have a general election this week, hope whoever gets in can stop the 'bailout'
Last edited by freebo; Feb 21st 2011 at 1:16 pm.
Feb 21st 2011, 1:50 pm
#9
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Re: Foreign Correspondent tomorrow
This is a cracking read on th Irish recession.
They have a general election this week, hope whoever gets in can stop the 'bailout'
They have a general election this week, hope whoever gets in can stop the 'bailout'
I can't feel sorry, frankly, for people like that. If the party had gone on they would have been crowing how they had used borrowed money to make even bigger fortunes. The risk goes with the game: trouble is, we have a couple of generations who believe that risk is just a word and not a reality.
Feb 21st 2011, 2:06 pm
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Re: Foreign Correspondent tomorrow
>>........... I was told by an Irish property developer, who was finding it difficult to escape the hundreds of millions of euros in debt he owed.<<
I can't feel sorry, frankly, for people like that. If the party had gone on they would have been crowing how they had used borrowed money to make even bigger fortunes. The risk goes with the game: trouble is, we have a couple of generations who believe that risk is just a word and not a reality.
I can't feel sorry, frankly, for people like that. If the party had gone on they would have been crowing how they had used borrowed money to make even bigger fortunes. The risk goes with the game: trouble is, we have a couple of generations who believe that risk is just a word and not a reality.
Who benefits? The UK, German, French (etc) banks.
Who looses? The Irish people.
What should have happened? The Irish govt should have guaranteed the deposits and let the bond holders take a loss.
Feb 21st 2011, 2:38 pm
#11
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Re: Foreign Correspondent tomorrow
That's part of it. But the influx of EUSSR "free" money (actually, paid for by the other members' taxes) fuelled a false boom and a euphoric feeling that all was well with the world and that it would continue indefinitely.
Feb 21st 2011, 3:34 pm
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Re: Foreign Correspondent tomorrow
This is a cracking read on th Irish recession.
They have a general election this week, hope whoever gets in can stop the 'bailout'
They have a general election this week, hope whoever gets in can stop the 'bailout'
Never have the Micks running your bank!
Feb 21st 2011, 5:23 pm
#13
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Re: Foreign Correspondent tomorrow
Its the Irish people I feel sorry for, at a stroke their govt bankrupted them for years to come, by the single act of guaranteeing the reckless loans made by the Irish banks to international institutions.
Who benefits? The UK, German, French (etc) banks.
Who looses? The Irish people.
What should have happened? The Irish govt should have guaranteed the deposits and let the bond holders take a loss.
Who benefits? The UK, German, French (etc) banks.
Who looses? The Irish people.
What should have happened? The Irish govt should have guaranteed the deposits and let the bond holders take a loss.
The article contained an interview with someone who had mortgages on properties of approaching 600k euros but they were worth 300k if he was lucky. This guy only earned about 30k a year. The bank might have been stupid enough to lend him the money but he was also stupid enough to think the sun will always shine and I can leverage myself almost to infinity.
There was a lot of people in Ireland who got sucked in to making easy money in the property market - the 2000+ ghost housing estates in Ireland are testament to that - EVERYONE had their face in the trough not just the banks.
I've taken that section out as I'm not 100% certain that it is a valid point anymore after reading the article someone posted.
It sucks for the people who have been royally shafted by their government though.
Last edited by hoofie2002; Feb 21st 2011 at 5:45 pm.
Feb 21st 2011, 5:37 pm
#14
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Re: Foreign Correspondent tomorrow
Lets be fair about this - I read an article yesterday about Irish Citizens planning to go bankrupt in the UK since they will be discharged in 1 year whereas in Ireland it is 10 years.
The article contained an interview with someone who had mortgages on properties of approaching 600k euros but they were worth 300k if he was lucky. This guy only earned about 30k a year. The bank might have been stupid enough to lend him the money but he was also stupid enough to think the sun will always shine and I can leverage myself almost to infinity.
There was a lot of people in Ireland who got sucked in to making easy money in the property market - the 2000+ ghost housing estates in Ireland are testament to that - EVERYONE had their face in the trough not just the banks.
If you say to the bondholders "go forth and multiply" the Irish Government suddenly finds it cannot borrow a single euro anywhere anymore ever again and the whole house of cards collapses which is not a nice scenario. It sucks for the people who have been royally shafted by their government though.
The article contained an interview with someone who had mortgages on properties of approaching 600k euros but they were worth 300k if he was lucky. This guy only earned about 30k a year. The bank might have been stupid enough to lend him the money but he was also stupid enough to think the sun will always shine and I can leverage myself almost to infinity.
There was a lot of people in Ireland who got sucked in to making easy money in the property market - the 2000+ ghost housing estates in Ireland are testament to that - EVERYONE had their face in the trough not just the banks.
If you say to the bondholders "go forth and multiply" the Irish Government suddenly finds it cannot borrow a single euro anywhere anymore ever again and the whole house of cards collapses which is not a nice scenario. It sucks for the people who have been royally shafted by their government though.
Feb 21st 2011, 6:21 pm
#15
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Re: Foreign Correspondent tomorrow
This annoys me so much
I lived in Dublin for 6 years and everywhere I went there were signs saying 'Payed for by the EU'. Motorways, railways, everything, paid for by the EU.
Now the EU is stuffed, Ireland is whinging it's not getting it pocket money and is going bankrupt. Ahh diddums, we paid for you for 30 years, now its time to stand on your own 2 feet.
JTL
What has occurred in Ireland since then is without precedent in economic history. By the start of the new millennium, the Irish poverty rate was under 6 percent and by 2006 Ireland was one of the richest countries in the world. How did that happen? A bright young Irishman who got himself hired by Bear Stearns in the late 1990s and went off to New York or London for five years returned feeling poor. For the better part of a decade there has been quicker money to be made in Irish real estate than in investment banking. How did that happen?
I lived in Dublin for 6 years and everywhere I went there were signs saying 'Payed for by the EU'. Motorways, railways, everything, paid for by the EU.
Now the EU is stuffed, Ireland is whinging it's not getting it pocket money and is going bankrupt. Ahh diddums, we paid for you for 30 years, now its time to stand on your own 2 feet.
JTL
