[williambanzai7 on zerohedge]The Irish and Greeks and Portuguese should be comparing notes
and supporting one another. Not the governments; the people.
Unfortunately, Facebook pages are pretty quiet these days.
The only noise is coming from the Irish gov. The snobbish Irish gov
have been insulting Greece by saying their case is different.
That's why those politicians are either drunk or stupid.
The end result for both countries is the same:
Oops, Troika, austerity, begger bowl, bankruptcy.
When's their second bailout coming?
They're stupider, because while Greece is broke due to the Greek gov being corrupt,
the Irish gave away their actual, hard-cash money to their banks. Pensions, even.
Now, who's stupid? Irish politicians
Irish folks, dump your stupid politicians and network with the Greek Resistance.
They speak English just as well as you folk.
Two other fine examples of how stupid the Irish politicians are, when they're not drunk.
(When they're drunk, all bets are off), but first
other responses:
http://www.showerofkunst.com/2010/02/this-is-greece-not-ireland_14.html
http://namawinelake.wordpress.com/2011/03/10/greece-is-not-ireland-but-that-doesn%E2%80%99t-mean-we-can%E2%80%99t-speak-together-with-a-united-voice/
http://theworldlovesitsown.blogspot.com/2011/07/greece-is-not-ireland-piggish.html
http://thestory.ie/2010/02/11/greece-and-ireland/
http://www.forexlive.com/blog/2010/11/08/update-greek-finmin-greece-not-ireland-banks-under-control/
checkitout:
1 some Brit paper in late June (heavy sarc warning)
A Greek gift for Ireland
While the Greek sovereign debt crisis might be expected to weigh on the other indebted eurozone countries, the enterprising folk of Irleand have come up with a way to capitalise on the affair. The Irish Finance minister, Michael Noonan, told journalists yesterday he was considering having a load of T-shirts printed with the simple slogan:
"Ireland is not Greece" [I know who's got the better beaches]
And there's some money to make too - "We won't give them away,, we'll sell them," Noonan added.
2
Squeezed Irish Begged to Buy Fridges as Economy Needs Lift
By Finbarr Flynn and Dara Doyle - Jul 7, 2011 1:18 PM GMT
Squeezed Irish Begged to Buy Fridges
A pedestrian passes an antique shop advertising a closing down sale in the centre of Dublin, Ireland. Irish retail sales are falling at more than twice the pace of the average in the euro region, after the government increased taxes and reduced salaries for state workers Photographer: Aidan Crawley/Bloomberg
Tara O’Neill stands empty-handed and defiant outside a Marks & Spencer store on Dublin’s busiest shopping street. She won’t be tempted to buy anything.
“I’ve gotten rid of my credit cards and paid down my overdraft,” said O’Neill, 36, whose construction worker husband is in London after Ireland’s real-estate bubble collapsed. “Now we’re in recession. I don’t buy what I don’t have to.”
Irish retail sales are falling at more than twice the pace of the average in the euro region, after the government increased taxes and reduced salaries for state workers by 14 percent to help cope with Europe’s worst banking crisis. Consumer spending plunged 1.9 percent in the first quarter from the fourth quarter, the steepest drop in two years, according to figures published last month by the statistics office.
With household expenditure accounting for 53 percent of the economy, Ireland’s ability to emerge from its deepest economic contraction in history may depend on persuading people like O’Neill to start spending the cash they have left. The yield on 10-year Irish bonds rose to a record today amid speculation that the nation’s credit rating may join Greece and Portugal in being downgraded to junk.
Finance Minister Michael Noonan lowered the sales tax on everything from haircuts to meals to 9 percent from 13.5 percent starting July 1 and also has pleaded with consumers to replace their “clapped out” refrigerators and tumble dryers.
‘Guerilla Raids’
“There’s a whole generation of Irish people who were born to shop and they’ve had to change their behavior entirely,” said Austin Hughes, chief economist at KBC Ireland in Dublin, which publishes a monthly index of consumer sentiment. “It’s like they are burrowing deeper into their foxholes, saving and paying off debt, and only coming out for guerilla raids when they see a big bargain.”
Ireland’s economy has shrunk about 15 percent since 2007 and the unemployment rate tripled to 14.2 percent as key exporters, including Dell Inc., the world’s second-largest maker of personal computers, and Dublin-based drinks company C&C Group Plc (GCC) fired workers.
Irish 10-year bond yields climbed 55 basis points, or 0.55 percentage point, to 12.98 percent, while the yield on two-year notes remained above 15 percent for a second day after Portugal lost its investment-grade rating at Moody’s Investors Service. Representatives from the European Central Bank, International Monetary Fund and European Commission are in Dublin for the quarterly review of Ireland’s 85 billion-euro ($122 billion) bailout agreement reached in November.
It will become almost impossible to keep up with lawbreaking by the poor, once we pass a particular
Reckless and feckless
