Dispatch: The Irish Bailout and Germany's Opportunity

Analyst Marko Papic examines the EU-IMF bailout of Ireland and the opportunities it may present for Germany.

Category:

News & Politics

Tags:

• ireland
• germany
• spain
• portugal
• eurozone
• imf
• bailout
• stratfor

[SuperGroundControl]

Exactly how do Germany and France expect the Irish to pay for their bailout (loan) without the businesses that come to the country to benefit from the 12.5% corporation tax? We have so little indigenous industry.Perhaps France should give back the Irish fishing rights WE have GIVEN to them. Its embarrassing how the behavior of private companies (the banks) is now linked with our Nation both economically and how Europe sees our country. Yes our wages are higher but is SO expensive to live here.

[ibinixer]

@thfall

Yes, the Swiss did exactly he right thing by investing their Nazi gold into arms manufacture. Scum of the earth.

[gary1632]

richiesking

1 it was 6 billion

and no i didnt forget it i didnt mention it because when your 110 billion in debt and growing 6 is a drop in the bucket and mate try not to use bad word on you tube

[richiesking]

@Plexpara the uk is not a member of the euro

[EamonnKee]

@gary1632 The low interest rates at the root of the prob were designed to stimulate Germany after unification. We were brought into the monetary union because it was as much in German interest as anything else. If the DM was too high they would become uncompetitive. Low Punt would assist our exports.The EU/IMF loan is at a very high rate. Shame Germany won't sort out low rates now as they did when it suited themselves. Shame the EU central bank approved all our govt. & regulators did.

[Berelore]

the EU was a bad idea that is starting to rot

[gary1632]

im irish and i hate the way the germans are seen as villians that only really have there eyes on controling the whole eu in ireland we had idiots bankers stupid regulators and an incompident goverment and now where paying the price and our grand kids will pay it as well

i thank germany for giving us the loan without it hospitals close teachers walk out police stop enforceing the law ireland would become like a 3ed world

[patsybob]

@Plexpara Stay? Europe is not family,if Irish people want independence from Europe then they will fight like they have done for centuries. For all my cares, I say Europe can piss off, its economically enslaved my country to debts that the Irish people do not owe but are expected to pay. Why should millions suffer for the corruption of the banks? Its taking away our hospitals,schools,jobs,creatin­g poverty and causing emigration..."Oh just the Irish famine, the joy of being European!"

[patsybob]

The Irish property market was ridiculous, a bunch of badly often quite small and densely packed designed houses built in the middle of no where, with little demand and they expected them to sell...Yeah sounds like a property bubble to me! But then I'm no expert I have common sense!

[SuperGroundControl]

@mazze00 Do you think the German public realize that we are loaning money from Germany to pay back German banks that invested badly in the Irish property market? Money that should never be paid back, in the small print "investments may fall as well as rise" seems to have been ignored on this occasion. Without these billions to pay back to foreign banks we would have had an old fashioned balance sheet recession - something the Irish economy would have been able to handle.

[mazze00]

@SuperGroundControl i am german and i can tell you we do not feel good about the position we are in right now pushing everyone so much to reduce deficits. not only that everybody hates us, but also it doesn't look like as if it will be enough. on the contrary. these countries shrink to death and we have to pump in even more money. it is crazy. everybody is trapped in a situation where he has to keep on doing what he desperatly would like to not do...