How dare you to propose a long term plan instead of a short term "solution"?![]()
Now we come to the plague of economies - debt:
http://cdn.static-economist.com/sites/default/files/20160220_pdebt.png?1455809408
While the eastern countries don't have a high GDP, their debt is also -unsurprisingly- very low, so they are in a much much better position long-term than even Germany, who will have to lower it's debt and live a sustainable model.
The 2008 economic crisis - caused by the US and it's terrible form of capitalism - had a very negative impact on all of the EU. Question is not how large or small an economy is, but how willing it is to get it's act together and move forward.
At 76% we are currently in the same league as Germany and a lot less indebted than the rest despite the bank bailout, including the UK which is at ~90% of gdp with a forecast debt of 2 trillion pounds by the mid 2020`s.
Some of those number are due for revision. Ireland's debt to gdp ratio will be down to 76% by the end of 2017 from a high of ~120% in 2012, with plans for a target of 45% by the mid 2020`s. In 2007, previous to the 2008 banking crash and the socialising of private bank debt, Ireland`s debt to gdp ratio was one of the lowest in Europe at less than 25% of gdp. At 76% we are currently in the same league as Germany and a lot less indebted than the rest despite the bank bailout, including the UK which is at ~90% of gdp with a forecast debt of 2 trillion pounds by the mid 2020`s.
Ireland`s budget deficit by the end of 2017 is forecast to be 0.5%, from a high of 32.3% in 2010, due of course to the bank bailout. Consequently Ireland will be running a healthy budget surplus by 2018.Unemployment was 6.6% as of February 2017 and dropping.
http://www.tradingeconomics.com/ireland/government-budget
https://www.rte.ie/news/budget-2017/2016/1011/823185-debt-to-gdp-target/
http://www.economicshelp.org/blog/3118/economics/ireland-national-debt/
Irish Debt as % of GDP 81.62% - as of today.
He said "will be down", but yea - let's not read what people wrote.
GB has a trade surplus with Ireland. Germany (world export vice champion) would never ever ever consider taking those tasty deals and supply goods and services to a country that's actually trying to increase it's stability to make up for that tremendous loss. Never. Pinkyswear. [haha]
You did not read the Irish government source that showed the debt was NOT gowing down but going UP did you, you only have to click on the link to see it to prove i was correct to say his remarks were false.
You're not talking about the debt clock, are you?
No we are talking about Irish debt and where his figures were incorrect , keep up read what he says and the comments i replied with the links about Irsh debt. Forget about trade for the moment, he was not tlaking about that, only i was in relation to the EU. keep to the topic it helps.
Ireland is being bailed out by the UK constantly over the last decade and it does not look likely that will stop. The links i gave show you the facts.
The Irish government source also are saying this .
Ireland is being bailed out by the UK constantly over the last decade and it does not look likely that will stop. The links i gave show you the facts, after all it is simple logic that if we bail them out with billions (over 20 billion)their debt must grow.
No we are talking about Irish debt and where his figures were incorrect , keep up, read what he says and the comments i replied with and the links about the Irsh debt. Forget about trade for the moment, he was not talking about that, only i was in relation to the EU. and only imports not export
Ireland is being bailed out by the UK constantly over the last decade and it does not look likely that will stop. The links i gave show you the facts, after all it is simple logic that if we bail them out with billions (over 20 billion)their debt must grow.
The Irish government source i gave also are saying this .
"We"?
"Ireland's banks brought the country to its knees and forced the government into a €67.5bn (£56.5bn) international rescue, including £7bn from the UK Government."
So generous. D'awwww. You payed about 12% of the tap but saved ze day. Ze Empire Strikes back.![]()
More drivel, Ireland exports more to Belgium than the UK, and the bilateral loan (circa 3.2 billion I think) as I have posted here previously to yourself probably is being paid back with interest, due to mature in 2021.
http://atlas.media.mit.edu/en/profile/country/irl/
You can`t argue with the trends as I have previously posted 2012 debt to gdp 120% end of 2017 forecast 76%. Current budget deficit 0.5% down from ~30% in 2010.
How is the UK performance in relation to that, have a listen to US investor Jim Rodgers on Bloomberg in relation the the UK future and sterling minus Scotland, pretty grim, with it huge debt and horrendous balance of payments. Take heed form the guy that is investing his money. He even slips up and calls the rUk little England.
https://www.bloomberg.com/news/vide...s-asks-if-scotland-pushes-pound-to-0-80-video
You spite and self denial is blinding strong.
Edit re the UK loan for 3.2 billion,
http://www.thejournal.ie/ireland-interest-repayment-to-britain-1120288-Oct2013/
update the Irish Times 19/4/2017, the UK has received 428 million euro interest, a good investment I`d say and no charity.
http://www.irishtimes.com/business/...400m-in-interest-on-uk-bailout-loan-1.3053791
Keeping to the thread topic and steering away from the Anti British Racists comments coming from within the EU, more news, Some of the Labour quitting MPs today, Andy Burnham, Tom Blenkinsop, Gisela Stuart, Alan Johnson.
It is like watching rats leaving the sinking ship. NINE in total are now leaving Labour because of Corbyn. At the same time Tories are growing to be more powerful than under Thatchers Government. This is of course what occurs when you have Welsh and Scottish MPs and English ones, who have been constantly abusing the English for over a decade, now they are awkening and bitting back. The beginning was Brexit, which i proudly voted for and which i still hope is the catalyst for the EU destruction.
Come on Patrick you know that's nonsense. Ireland before the Norman invasion was the land of Saint's and Scholars. It kept the light of western civilisation burning on Europe's fringe's during the early middle ages when Europe went dark. It preserved and transcribed the great works of western civilisation in monasteries throughout Ireland and became a centre of learning receiving the sons of many of Europe's great houses for the purpose of education. Irish monks such as Colum Cille and Columbanus took their Celtic christianity and learning to Britain via Scotland and also brought civilisation, learning and christianity back into large parts of Europe, building new monasteries and centres of learning. They had no armies, no weapons, just their knowledge, their faith and their determination to improve the lives of others. They changed the course of western civilisation without bringing the sword or having an army at their back. That was an achievement to surpass any conquering army, to better the lot of and improve the life of your fellow man.
https://en.m.wikipedia.org/wiki/Columbanus
https://en.m.wikipedia.org/wiki/Columba
https://youtu.be/kfWiigAoDfs
To be honest I thought the figure was in the region of 7 billion as well but it looks like 3.2 billion was the number in the end. regardless ~430 million interest to date is a nice return. If only the UK`s other business investments were as successful as those with Ireland, pity.
The Republic of Ireland's current official national debt, you say one thing your own country says another.
http://www.financedublin.com/debtclock.php
Because our people unlike the irish were screwed in paying the biggest payments into the EU. That all ends
Mickey Mouse Economics.
GDP Per capita:
https://i.imgur.com/e1Rk2gI.jpg
Looks good for the larger countries .. except:
https://gefira.org/wp-content/uploads/2016/05/Europe-NUTS.png
Parts of the UK are on Romanian level of GDP. France is largely underdeveloped apart from a few centres at the usual suspect regions.
Well, that's the status quo - development wise:
http://cdn.static-economist.com/sites/default/files/20160220_gdp16.png?1455809579
New EU Members actually outperform the old ones in growth. Quite simple actually - how do you grow a saturated market? You don't. Unless you force consumers to buy,buy,buy by giving goods artificial lifespan and you replace your car every 2 years and your furnace every 5 years, because it just breaks down.
Now we come to the plague of economies - debt:
http://cdn.static-economist.com/sites/default/files/20160220_pdebt.png?1455809408
While the eastern countries don't have a high GDP, their debt is also -unsurprisingly- very low, so they are in a much much better position long-term than even Germany, who will have to lower it's debt and live a sustainable model.
The 2008 economic crisis - caused by the US and it's terrible form of capitalism - had a very negative impact on all of the EU. Question is not how large or small an economy is, but how willing it is to get it's act together and move forward.