Default without defaulting..

Here is just a probably wacky idea, but I’d like to throw it up in the air, just to see how it falls back to the earth, for the sole benefit of my own wisdom. How to default “in style”, in an employment-friendly way: In short: Apply a haircut on bank...

Mortgage Crisis My Mad solution

Hi All, I have a very ‘out there’ idea that will be welcomed by a lot of people and not by others but something has to be done for people and also to increase peoples spending power. The situtation we find ourselves in requires urgent creative solutions...

How to reduce bailout interrest rates allowing everyone to save face

According to the EU/IMF directives, Irish deficit GDP has to be reduced by 9% of GDP (down from 12% to 3% GDP) within 3 or 4 years. The EFSF cost of funding is currently 2.8%, and the premium Ireland pays over that is 3%. Total: currently 5.8% Whenever Ireland will...

Rethoric to use in front of France & Germany

1. A point of history: Over the past 15 years, Ireland often has had a budget surplus, while France and Germany often were in breach of the Maastricht criteria, for both Debt and deficit levels (2003 and after). Were France and Germany sanctioned for cheating their...

Government

As Fianna Fail wll not be returning to power for the forseeable future, they should impement futher reductions in goverment pay and pensions starting after 1 march2011.This would ensure genuine candidates , not the usual in for perks and great pay. Fianna Fail might...

Exceptional Property Gains Tax

Exceptional Property Gains Tax (EPGT), a step towards a solution for our problems? In the weeks ahead we will hear the details when the budget will be presented by the government. Everyone knows: it will be ugly. More people (the lower paid!) will have to pay income...