rolling european politics thread 2011

is there a good outline of all the possible scenarios atp w/r/t greece staying/leaving in the eurozone?

scorchedearth.jpg

kinda want greece to peace out of the 'zone b/c fuck germany

otm

Kinda want ireland to have a referendum on the debt issue

we paid $1bn in matured unsecured bonds in a failed bank yesterday, for instance

Don't think i'd have voted for that

kinda want greece to peace out of the 'zone b/c fuck germany

― max, Thursday, 3 November 2011 15:11 (39 minutes ago) Bookmark

How so?

Ha ha, Frum thinks germany's the villain

my default poition is that anyone pushing for bank debt to be pushed into public balance sheets is the villain, tbh

www.economist.com/node/21533445

Brief article about what a good little country we are

*Tousles hair, hands over an apple*

yeah, something like that.

We're essentially trying to use deflation as a accelerant of growth. With exports at c.70% of gdp we'd better fuckin hope nobody else joins in.

Kinda want ireland to have a referendum on the debt issue

it is not really an issue readily reducible to a referendum question. Referendums by their nature tend to be fairly simple X or Y questions (more usually X or Not X, in Ireland's case), while running a country is a more complex business involving a large number of choices that cannot really be reduced to "pay the debt or not pay the debt".

Shit just real, etc.
Financial crisis forces Berlusconi to delay release of latest love song CD

xp depends on what you're labelling as 'debt' dv

bye bye berlusconi!

Could use a mod edit to include 2012...or a new thread, whatever.

bye bye Greece? junior partner in the coalition saying he can't vote for more pain, govt could fall this w/e?

At the moment the vote wouldn't collapse, but seeing a lot of postponed meetings etc. Main thing is the Greek coalition still needs to find ~ 300m Euros worth of savings meaning even deeper austerity.

Wdn't surprise if this flirtation with technocracy turned into autocracy quite quickly.

i think france is like, can we please do this after the election?

it's funny how the rhine has pretty much held onto its status as the fulcrum of european power

Hollande might have his work done for him by the election. Greece could leave next month, leading to contagion...

https://p.twimg.com/AleqT5RCEAETUDg.jpg

Athens is burning tonight, parliament is about to vote about the reform plans.

http://www.bbc.co.uk/news/world-europe-17081933

^report on Greek collapse

http://www.imf.org/external/np/adm/rec/policy/pension.htm#1

"Lifetime pensions are payable starting at age 50 with a minimum of three years of service."

So, Greece then. Can the left put together a government?

2.30pm: Here's a breakdown of Alexis Tsipras's conditions for forming a new government with either of the two 'mainstream' Greek parties (via Ekathimerini)

1) The immediate cancellation of all impending measures that will impoverish Greeks further, such as cuts to pensions and salaries.

2) The immediate cancellation of all impending measures that undermine fundamental workers' rights, such as the abolition of collective labor agreements.

3) The immediate abolition of a law granting MPs immunity from prosecution, reform of the electoral law and a general overhaul of the political system. According to Keep Talking Greece, that would include abolishing the 50-seat bonus for the party which wins the most seats.

4) An investigation into Greek banks, and the immediate publication of the audit performed on the Greek banking sector by BlackRock.

5) The setting up of an international auditing committee to investigate the causes of Greece's public deficit, with a moratorium on all debt servicing until the findings of the audit are published.

That adds up to a resounding rejection of Greece's current financial programme.

I can't see how they don't default and leave the Eurozone.

FTT introduced across 16 states. Landmark?

Wow!

osborne's always say the UK would do it "if everyone else would".... time to put your money where your mouth is george

Irony of ironies, ireland opt out ffs

I imagine our position as tax refuge of the eu had a bearing on that call, but i mean

http://www.washingtonpost.com/business/can-irelands-celtic-tiger-roar-again/2013/08/16/1462304c-0460-11e3-a07f-49ddc7417125_story_1.html

this is a fairly simplistic and boneheaded piece, typically broad in its strokes and (idk enough about the washington post but) typical enough in the international (read: US) outlook i've read on the irish crash/economy/recovery.

whitewashes bank bailout, or at least pooh-poohs the criticisms of it (tbf all coverage here does this also)

lionizes entrepreneurial activity/bemoans taxation on would-be millionaires while decrying public sectors and welfare/health spends

oversimplifies the boom/bust cycle and social trends such as educated youth/emigration vs mammy-reared irish simpleton forelock-tugging trad irish workers.

tbh, idk, i learned more about teh washington post than i did about the current position of the irish economy, the causes of the crash or the prospects for recovery

otm re: capital tied up in construction and bad debt tho- but i coulda told you that. if my dog could bark in english he'd a told you that (he's a gailgeoir, thanks for asking)

http://www.daft.ie/searchsale.daft?id=734568

is it time to start saving for a deposit yet? wanna get on the boom good and early this time ffs

idk

i know one of the people who runs those auctions

can

u

hook

me

up

srsly

you want to live in galway?

four bed detached in athenry is good time living imo

tell them preference is detached 3-4 bed near westport, but yeah galway (outside the city obv, along the M6 a bonus) or any of the leafier suburbs of dublin would all be acceptable

also you know auctions are for cash buyers?

showing up with mortgage approved docs is acceptable iirc?

yeah it says you have to complete within four weeks, i think a week or ten days is the standard practice here

this'd do too, with a bit of work http://www.allsopspace.ie/auction/lot/4777

assuming you could get a survey and approval (not the easiest with some decrepit if picturesque old house) then that's probably a couple grand at least before some spiv outbids you

unless things are radically different in ireland now, these things are mostly for developers and chancers, the proportion of homebuyers at auctions is small

ilx fundraising effort to cover purchase, refurbishment, guaranteed lodging for worldfap 2017 and two weeks a year for life to any poster contributing more than idk 5k

xp

idk

with the coming (expected) increase in repossessions after personal insolvency legislation changes, and given that these auctions enjoy a very high profile, idk

could become a thing for a few years amongst homebuyers, once-off investors, what-have-you. rent vs the type of mortgage outlay required for these makes in inevitable i think.

probably as straight a normalisation method as any maybe.

http://www.allsopspace.ie/auction/lot/4930

that rent would cover a good two bedroom flat in an inner london suburb, no wonder the rentiers are fleeing at those yields

straffan v much stockbroker belt equivalent tbf