The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
If the ECB and IMF were not demanding Austerity Now!, then we wouldn't be having this discussion, because Ireland would be perfectly able to repay the debt in due time. But Austerity Now! is what is being demanded, and what will cause Ireland to default. Well, better to default now, and let the people who are demanding Austerity Now! eat the losses, than first crash the Irish economy and then default, leaving the Irish public in a smoking crater and the people who are demanding Austerity Now! still eating very nearly the same losses.
Defaulting is a zero-sum game. Not defaulting is a negative-sum game.
- Jake Friends come and go. Enemies accumulate.
by Oui - Dec 5 7 comments
by gmoke - Nov 28
by Oui - Dec 8
by Oui - Dec 617 comments
by Oui - Dec 612 comments
by Oui - Dec 57 comments
by Oui - Dec 41 comment
by Oui - Dec 21 comment
by Oui - Dec 154 comments
by Oui - Dec 16 comments
by gmoke - Nov 303 comments
by Oui - Nov 3012 comments
by Oui - Nov 2838 comments
by Oui - Nov 2713 comments
by Oui - Nov 2511 comments
by Oui - Nov 24
by Oui - Nov 221 comment
by Oui - Nov 22
by Oui - Nov 2119 comments
by Oui - Nov 1615 comments
by Oui - Nov 154 comments