MarcusR wrote:The first time I went to Rome was in 2000, 2 years before the introduction of the Euro currency.
From my subsequent 3 years of living in Italy I learned many things about the country and the people.
Interesting times ahead for the Euro.
Basically, business as usual, with more taxes.
You don't actually think the politicians are going to suffer?
As many as 100,000 people will abandon Ireland by April 2012, according to the state-funded Economic and Social Research Institute (ESRI). The republic is set to witness emigration on a larger scale than in the 1980s, ESRI said, as people vote with their feet to escape high unemployment, rising taxes and growing unrest over Dublin's austerity cuts.
Young graduates in particular are leaving Ireland in search of better opportunities in Australia, New Zealand and Canada.
The rate of departure is set to be the highest in recent memory and overshadows the net outward migration peak of 44,000 in 1989.
http://www.newsrt.co.uk/news/a-thousand ... 22661.html
http://www.telegraph.co.uk/finance/fina ... eland.html
Ireland is likely to need a second bailout when its current aid program ends, rating agency Moody’s warned today.
In its weekly credit outlook report, Moody’s also warned a No vote in the upcoming fiscal treaty referendum would bar Ireland from receiving further funds under the European Stability Mechanism (ESM).
http://www.irishtimes.com/newspaper/bre ... ing27.html
MarcusR wrote:Here is a very telling interactive diagram about the Eurozone debt and who owes what to whom.
Check the members of the group of PIIGS (Portugal, Italy, Ireland, Greece, Spain) and click Ireland last, to get some perspective.
Notice Ireland's Foreign debt per person.
Another Joe wrote:Yumm.... I like milk and beef. But they're still no out of the woods yet.... People don't leave and have fire sales because everything is looking up and rosy. Sure, Ireland was no Greece, but there's still a lot of work to do... like leaving the EU?
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