EU agreement on Ireland bailout

Since the outset of the Irish financial crisis the international "gutter press" has been bombarding the public with headlines such as the "bailing out the Irish"but it's the banks,thebondholders and the politicians who are being bailed out.

I wish the Irish had resisted the arm-twisting from the EU and UK and just defaulted.Why should a penny more of this money end up in the hands of the immoral crooked political and banking classes ?

The fat bastards have suffered no deprivation nor made any sacrifices in the current financial crisis but it's not too late to rectify that.

The Irish can't pay,they won't pay.

Mircea you always give the impression that you see only the technicalities like a machine in a very mechanical way(see comments from many other people lately). You never seem to analyse things like who is paying for it in final resort like taxpayers and in what country or countries.
Maybe it is explicable by the fact that Romania your country is too poor to be asked to help bail out any country. You are only on the receiving end.
(Joe, 28 November 2010 16:53)

I agree with you.It's always been a pleasure to engage with other posters who i may disagree with and discuss various issues but iam afraid Mircea lives in his/her own planet.
This is probably due to the fact that he/she is not able to grasp the issues facing the eurozone and instead relies on eye
catching headlines which are monotonous and boring to the extreme.

I will repeat again Mircea the single currency is doomed.The purpose of the single currency was to serve the interests of the German economy in addition to paying the re-unification costs.The Germans were interested only in a stable currency and low interest rates to sell their products in a protected market of 400 million people.But a fixed value currency and low interest rates was detrimental to the interests of southern
european countries.

The biggest fallacy in EU was the idea that you could have a sort of US in Europe. The labour mobility in Europe is totally different than in US.In Europe if you move from Romania to Germany looking for a job you would still be a Romanian speaking Romanian.In US if you moved from one state to another you would still be an American speaking English.

The EU tries to exercise an economic policy which is based only on monetary policy that it controls through the ECB but the other bigger variable - fiscal policy-is under the domain of member states.In order to exercise an effective economic policy the EU requires a political union which is never going to happen because it lacks support within the population.

"The European Financial Stabilisation Mechanism is available to all 27 Member States of the EU. The European Financial Stability Fund is available only to members of the Eurozone.
Mircea EU citizen

Mircea you always give the impression that you see only the technicalities like a machine in a very mechanical way(see comments from many other people lately). You never seem to analyse things like who is paying for it in final resort like taxpayers and in what country or countries.
Maybe it is explicable by the fact that Romania your country is too poor to be asked to help bail out any country. You are only on the receiving end.

"bombarding the public with headlines such as the "bailing out the Irish"but it's the banks,thebondholders and the politicians who are being bailed out. "
Leonidas

Yes, even some French sites admit that this is the case.

Leonidas,

I think the EU has learned a lesson from the Greek crisis. The EU created two mechanisms to deal with a potential crisis, namely the European Financial Stabilisation Mechanism and the European Financial Stability Fund.

The European Financial Stabilisation Mechanism is available to all 27 Member States of the EU. The European Financial Stability Fund is available only to members of the Eurozone.

Joe,

If Romania would be in the Eurozone my country would also be required to contribute to the European Financial Stability Fund.

Leonidas,

The EU Member States are working together to better coordinate their fiscal policies. The „European semester” is a new initiative to boost coordination of the member states' economic policies.

The „European semester" will begin in March 2011.

The Euro is not doomed. On the contrary, many countries want to adopt the Euro.

Leonidas,

I think the EU has learned a lesson from the Greek crisis. The EU created two mechanisms to deal with a potential crisis, namely the European Financial Stabilisation Mechanism and the European Financial Stability Fund.

The European Financial Stabilisation Mechanism is available to all 27 Member States of the EU. The European Financial Stability Fund is available only to members of the Eurozone.

Joe,

If Romania would be in the Eurozone my country would also be required to contribute to the European Financial Stability Fund.

Leonidas,

The EU Member States are working together to better coordinate their fiscal policies. The „European semester” is a new initiative to boost coordination of the member states' economic policies.

The „European semester" will begin in March 2011.

The Euro is not doomed. On the contrary, many countries want to adopt the Euro.

Since the outset of the Irish financial crisis the international "gutter press" has been bombarding the public with headlines such as the "bailing out the Irish"but it's the banks,thebondholders and the politicians who are being bailed out.

I wish the Irish had resisted the arm-twisting from the EU and UK and just defaulted.Why should a penny more of this money end up in the hands of the immoral crooked political and banking classes ?

The fat bastards have suffered no deprivation nor made any sacrifices in the current financial crisis but it's not too late to rectify that.

The Irish can't pay,they won't pay.

"bombarding the public with headlines such as the "bailing out the Irish"but it's the banks,thebondholders and the politicians who are being bailed out. "
Leonidas

Yes, even some French sites admit that this is the case.

"The European Financial Stabilisation Mechanism is available to all 27 Member States of the EU. The European Financial Stability Fund is available only to members of the Eurozone.
Mircea EU citizen

Mircea you always give the impression that you see only the technicalities like a machine in a very mechanical way(see comments from many other people lately). You never seem to analyse things like who is paying for it in final resort like taxpayers and in what country or countries.
Maybe it is explicable by the fact that Romania your country is too poor to be asked to help bail out any country. You are only on the receiving end.

Mircea you always give the impression that you see only the technicalities like a machine in a very mechanical way(see comments from many other people lately). You never seem to analyse things like who is paying for it in final resort like taxpayers and in what country or countries.
Maybe it is explicable by the fact that Romania your country is too poor to be asked to help bail out any country. You are only on the receiving end.
(Joe, 28 November 2010 16:53)

I agree with you.It's always been a pleasure to engage with other posters who i may disagree with and discuss various issues but iam afraid Mircea lives in his/her own planet.
This is probably due to the fact that he/she is not able to grasp the issues facing the eurozone and instead relies on eye
catching headlines which are monotonous and boring to the extreme.

I will repeat again Mircea the single currency is doomed.The purpose of the single currency was to serve the interests of the German economy in addition to paying the re-unification costs.The Germans were interested only in a stable currency and low interest rates to sell their products in a protected market of 400 million people.But a fixed value currency and low interest rates was detrimental to the interests of southern
european countries.

The biggest fallacy in EU was the idea that you could have a sort of US in Europe. The labour mobility in Europe is totally different than in US.In Europe if you move from Romania to Germany looking for a job you would still be a Romanian speaking Romanian.In US if you moved from one state to another you would still be an American speaking English.

The EU tries to exercise an economic policy which is based only on monetary policy that it controls through the ECB but the other bigger variable - fiscal policy-is under the domain of member states.In order to exercise an effective economic policy the EU requires a political union which is never going to happen because it lacks support within the population.