Comments on: Growth through Austerity – An Irish update.

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By: KeepTalkingGreece

KeepTalkingGreece — Fri, 10 Feb 2012 21:12:03 +0000

In reply to richard in norway.

it is true for the public sector and state-run enterprises. Big pensions, retirement even with 25 years of work. I know people who retired even after 15 years. Early retirement20 years ago, they get now 400E and complain about their ‘small’ pension.

The private sector retires at 65 and thus since decades. Average pension of IKA biggest social security fund 600-800E per month.
In public sector full pension can be 3,000+E per month. How comes? Nobody understands it.

By: KeepTalkingGreece

KeepTalkingGreece — Fri, 10 Feb 2012 21:05:37 +0000

In reply to StevieFinn. lefty? no lefty?

By: StevieFinn

StevieFinn — Wed, 02 Nov 2011 18:48:57 +0000

A leaked document of bullshit from the Irish dept. of finance, justifying to politicians the payment of 700 million to unguarenteed Anglo-Irish bondholders.

http://trueeconomics.blogspot.com/

By: Hawkeye

Hawkeye — Wed, 02 Nov 2011 11:53:43 +0000

In reply to Hawkeye.

Oh dear.

France on receiving end of Voodoo market forces:

http://www.zerohedge.com/news/france-downgrade-rumor-france-bund-spread-explodes

By: Hawkeye

Hawkeye — Wed, 02 Nov 2011 10:31:37 +0000

In reply to Patrick Donnelly.

Patrick

There is certainly a sense of that. Generally speaking Germany retained the successful post-war de-centralised and community based banking model, whereas the Anglo-Saxons spent the last 30-40 years ripping it up and replacing with TBTF monstrosities.

Main problem for Germany is that France seems to have fallen under the Voodoo spell (i.e. SocGen, BNP etc.).

In fact you could say that Greece, Spain, Portugal, Italy and Ireland all fell under the Voodoo spell too.

The German economic might is being neutered by the folly of its neighbours & “allies”.

They would do well to leave the Euro, and perhaps align with a few Northern European countries too.

Then launch the “Neuro” currency!

By: Patrick Donnelly

Patrick Donnelly — Wed, 02 Nov 2011 10:17:25 +0000

In reply to Neil. I wonder how much he or his agents made on this play? Lots of money to be made from the taxpayer!!!! They pick up the tab in Greece or Germany!!!

By: Patrick Donnelly

Patrick Donnelly — Wed, 02 Nov 2011 10:14:07 +0000

In reply to Joe Rourke.

Politician lying ….. Shock!

So why is Dukes so keen to send real money to bond holders?

By: Patrick Donnelly

Patrick Donnelly — Wed, 02 Nov 2011 10:12:16 +0000

In reply to Zardoz3006. just one angle. VG! Others are also playing out! Germany against Anglo-Saxon voodoo finance?