Tag Archives: leave the euro

What would happen if Ireland left the Euro?


Emmett O’Connell – The Consequences of Monetary Union (1972); The Economist – Coming In From The Cold, Lessons from Iceland: … the extra cost to a country of not standing by its banks can be surprisingly small… the benefits to … Continue reading

Posted in ECB/IMF, Economy, EU, Euro / Sovereign Money, iceland, Independence/Nationalism, ireland, Solutions | Tagged , , , , , , , | Leave a comment

All I know is that there were rumours… Irish / German central bank printing backup punts / deutschemarks?


The Guardian / Alan McQuaid, chief economist at Bloxham stockbrokers in Dublin – What if Ireland pulls out of the euro and prints punts? Rumours abound in Dublin that the Irish central bank is back printing punts just in case … Continue reading

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Auf Wiedersehen… Yet? Is Germany Preparing to Exit the Euro?


New Economic Perspectives / Marshall Auerback – A Tale of Three Germanys: Is Germany Preparing to Exit the Euro?: The Germans were willing to go into a currency union because by construction that agreement removed the weapon exchange rate depreciation … Continue reading

Posted in Austerity / Cutbacks, Bankers' Bailout, Budget, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, France, Geopolitics, Germany, Greece, Independence/Nationalism, ireland, Solutions | Tagged , , , | Leave a comment

Impossible short-term choices illustrate flaw built into eurozone from beginning (People’s Movement)


The markets want the European Central Banks to start buying Spanish and Italian bonds, but for the buying to be effective the ECB would have to buy bonds on a massive scale. Given that the ECB already has an exposure … Continue reading

Posted in Austerity / Cutbacks, Bankers' Bailout, ECB/IMF, Economy, EFSF / European Financial Stability Fund, EU, Italy, Spain, Superstate | Tagged , , , , , , | Leave a comment

“Ireland needs to leave” Eurozone – Prof. Kinsella, Smurfit Graduate School of Business


From Irish Central – Leading economist urges Ireland to quit the Eurozone ASAP; Kinsella claims lack of leadership will bankrupt Europe: “The economic forecasts on which Ireland’s budgetary policies – and the bailout – have been constructed have now been … Continue reading

Posted in Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, EFSF / European Financial Stability Fund, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, eurozone, Geopolitics, Independence/Nationalism, ireland, Solutions | Tagged , , , , , | Leave a comment

3 years into crisis still trying to “save the euro” – when we should have decided to leave (People’s Movement)


Three years into the crisis and we are still trying to “save the euro,” when we should have decided to leave, set our own interest rate, scorched the bondholders, and allowed the new Irish pound to find its own value. … Continue reading

Posted in Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Independence/Nationalism, ireland, Solutions | Tagged , , , | Leave a comment

“Europe is already divided by the eurozone and we are on the wrong side of that divide” (Bruce Arnold / Irish Independent)


From Bruce Arnold at the Irish Independent – We must reject calls to accept more EU control of our budgets: …closer ties with Europe… paved the way for the euro and Ireland’s entry into the mechanism, the worst mistake in … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, Civil Rights & Liberties, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, History, Ideology, Independence/Nationalism, ireland, Solutions, Superstate | Tagged , , , , , , , , , | Leave a comment

“Euro Exit Strategy Crucial for Greece: new bailout about protecting banks, not people. Early default will change that” (Costas Lapavitsas/Guardian)


Costas Lapavitsas writes in The Guardian – Euro exit strategy crucial for Greeks: Greek default and exit has always been the most likely outcome of the eurozone crisis. The truth is that economic and monetary union has failed, not least … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, Elections, EU, Euro / Sovereign Money, Geopolitics, Greece, Independence/Nationalism, ireland, Solutions | Tagged , , , | Leave a comment

Greek Coup to force exit from Euro? (John Mauldin); “The euro will not exist in a year” (Charles Gave)


Via Business Insider (Economist Charles Gave: The Euro Will Not Exist In One Year! and MAULDIN: A Greek Coup May Be What Causes Greece To Leave The Euro); John Mauldin reports in his latest newsletter, Thoughts from the Frontline – … Continue reading

Posted in Bank Run, Bankers' Bailout, Budget, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Greece, Independence/Nationalism, ireland, Quotable Quotes, Solutions | Tagged , , , , | 1 Comment

Monetary union exit concerns already being priced into Euro currency market rates – Lex /Financial Times


From the Lex column at Financial Times – Euro: franc view of a troubled currency: For a truer picture of the euro, look at its relationship to the Swiss franc, the traditional “haven” currency. In recent weeks the euro has … Continue reading

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Dr. Thomais Kakouli-Duarte, Economist Constantin Gurdgiev, Marian Harkin MEP present analyses & solutions on NewsTalk


From Newstalk’s The Wide Angle with Karen Coleman: Dr. Thomais Kakouli-Duarte, President of the Hellenic (Greek) Community of Ireland 2006-2011, Secretary of the Greek Orthodox Community in Ireland 2006-present, Lecturer & investigator at Institute of Technology Carlow; Economist Constantin Gurdgiev; … Continue reading

Posted in Audio/Video, Auditing Committee, Budget, Debt Default/Restructuring, ECB/IMF, Economy, Euro / Sovereign Money, Geopolitics, Ideology, Independence/Nationalism, ireland | Tagged , , , , , , , , , , | 1 Comment

“… country leaving the euro… is probably inevitable… We are on edge of collapse… time to recognize need for change” (George Soros)


From Reuters – “Probably inevitable” a country will exit euro; Soros: “The euro had no provision for correction. There was no arrangement for any country leaving the euro, which in the current circumstances is probably inevitable”… “There is no plan … Continue reading

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“Greece’s euro exit can now only be a matter of time” (Samuel Brittan – Financial Times)


From the Financial Times, Samuel Brittan writes – Greece’s euro exit can now only be a matter of time: If something is unsustainable it will not be sustained. But it still might be kept going for quite a long time… … Continue reading

Posted in Debt Default/Restructuring, ECB/IMF, EU, Euro / Sovereign Money, Geopolitics, History, Independence/Nationalism, Solutions | Tagged , , , | Leave a comment

“A nation that gives up its sovereign currency by joining the euro gives up the three most effective means of responding to a recession.” – Bill Black


Via Politics.ie – Bill Black [Associate Professor of Economics and Law at the University of Missouri-Kansas City… white-collar criminologist… former senior financial regulator, and the author of The Best Way to Rob a Bank is to Own One] writes at … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, Debt Default/Restructuring, ECB/IMF, Economy, Elections, EU, Euro / Sovereign Money, Geopolitics, Housing Bubble, Solutions | Tagged , , , , , , , , , | Leave a comment

Bloomberg: “To save the EU, the euro needs to be dismantled”


From Matthew Lynn @ Bloomberg – Losing Euro in Defaults Brings No Threat to EU: The European Union and the euro are not the same thing. Three of the long-standing members of the EU — Britain, Denmark and Sweden — … Continue reading

Posted in Bankers' Bailout, ECB/IMF, Economy, EU, Euro / Sovereign Money, ireland | Tagged , | 2 Comments

ZeroHedge.com/AdamSmith.org: How Ireland Can Leave The Euro


The following memo, which has fallen into our hands [more precisely, we ripped it off from ZeroHedge], is a draft of advice to the new Irish Minister for Finance from a British colleague who has a wealth of expertise on … Continue reading

Posted in Bank Run, Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, Elections, EU, Euro / Sovereign Money, Ideology, Independence/Nationalism, ireland, Solutions | Tagged , , | Leave a comment

Richard Douthwaite: There is a Plan B


Via Newswhip.ie; economist Richard Douthwaite writes in ConstructIreland magazine – Bailout talks: four truths Ireland can’t ignore: Ireland’s negotiations with the ECB and the IMF are perhaps the most important talks that this country has engaged in since Michael Collins … Continue reading

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Financial Times: Ireland Should Leave The Euro


From Megan Greene (Ireland analyst at the Economist Intelligence Unit) in the Financial Times (Note – requires free registration for entire article, and only allows limited views per month; however you can also use a disposable proxy email to re-register … Continue reading

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B-DAY (Prenounced “Bidet”)- One Year Ago: Bloomberg – “Ireland, Greece May Leave Euro, Standard Bank Says”


Let’s do the Scooby Doo flashback: one year ago this week, scandalmongers on Bloomberg dared to suggest this sacrilege: Greece and Ireland are among countries in an “intolerable” economic situation, which may lead to bailouts or even an exit from … Continue reading

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Irish Central: Off With Their Heads


From Cahir O’Doherty, Irish Central – If Ireland Can’t Pay, Ireland Shouldn’t Pay: …in Ireland our homegrown golden circle, the men who walk between the raindrops no matter how bad the economic weather, can privatize their profits and socialize their … Continue reading

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