OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» 'Space hurricane' observed over the North Pole
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 4:30 pm by PurpleSkyz

» 'Extinct' bird rediscovered after 170 years
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 4:25 pm by PurpleSkyz

» Mystery object filmed in the skies over Wichita
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 4:22 pm by PurpleSkyz

» Cannabis Poutine Fries
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 2:33 pm by PurpleSkyz

» Highest frequencies of Rh negatives:
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 2:32 pm by PurpleSkyz

» Judge Orders Election Do-Over as Voter Fraud Proved for 78% of Mail-In Ballots
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 2:30 pm by PurpleSkyz

» Sean Stone Goes Full Woo with John Lamb Lash on the Archon Empire
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 2:29 pm by PurpleSkyz

» Sacha Stone - The Cult of Lucifer
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 2:28 pm by PurpleSkyz

» Family Fined, Kicked Off Their Own Land For Living In RV
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 2:18 pm by PurpleSkyz

» What We Know And Don’t Know About The Events Of January 6th
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 2:15 pm by PurpleSkyz

» The Case for Closing Public Schools… Indefinitely
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 2:14 pm by PurpleSkyz

» Are The Recent UFO Disclosures Setting Us Up for A Mass Deception of Epic Proportions?
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 2:12 pm by PurpleSkyz

» North and South Dakota State Legislatures Pass Bills to Invalidate All Unconstitutional Biden Orders
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 2:11 pm by PurpleSkyz

» FULL (of it) Benjamin bla bla blah Fulford - 3-1-21… “Middle East Power Struggle Tip of the Iceberg”
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 2:10 pm by PurpleSkyz

» Carrying Stones & Digging Holes to Cultivate Consciousness February 27, 2021
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 1:43 pm by Consciousness Of Economic

» Sense of Balance
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 1:42 pm by Consciousness Of Economic

» Chant these Ganesh Mantras on Tuesdays to remove hurdles from your path
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 1:41 pm by Consciousness Of Economic

» Sense of Movement
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 1:39 pm by Consciousness Of Economic

» Nothing more absurd than this can be believed
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 1:38 pm by Consciousness Of Economic

» Carl Jung: How The Media // Internet Reinforces Shadow Projection | Psychology & Philosophy
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 1:35 pm by Consciousness Of Economic

» Spiritual individuality / Physical heredity
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 1:34 pm by Consciousness Of Economic

» Exploring Ghost Mines of Utah in 1869 (Silver City)
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 1:31 pm by Consciousness Of Economic

» Experts Call For Immediate Ban Of Entire Class Of Chemicals Damaging Babies’ Brains
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 1:29 pm by Consciousness Of Economic

» 12 Residents Die After First COVID Vaccine in Wales Nursing and Dementia Care Centre
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 1:28 pm by Consciousness Of Economic

» New mammogram guidelines for women recently vaccinated for COVID-19
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 1:25 pm by Consciousness Of Economic

» Bridgette & Jannie have a discussion with Bryan Hummel in regards to restoration of land
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 1:22 pm by Consciousness Of Economic

» TARTAR PHONIC TECH
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 1:20 pm by Consciousness Of Economic

» EXPOSED: World Bank Coronavirus Aid Comes With Conditions For Imposing Extreme Lockdown, Reveals Belarus President
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 1:19 pm by Consciousness Of Economic

» Developers of Oxford-AstraZeneca Vaccine Tied to UK Eugenics Movement
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyToday at 1:16 pm by Consciousness Of Economic

» Biden blocks $1,400 stimulus checks for 16M Americans after tightening income eligibility
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyYesterday at 12:09 pm by PurpleSkyz

» UFO News ~ Strange UFO over Ludhiana, Panjab, India plus MORE
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyYesterday at 10:51 am by PurpleSkyz

» Biden’s Syria Attack: An Actual Impeachable Offense
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyYesterday at 10:38 am by PurpleSkyz

» Biden STILL Won’t Publish Schedule, Visitor Logs, nor Hold a Presser
Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  EmptyYesterday at 10:35 am by PurpleSkyz




You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft

Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin
Ireland Has Been Declared A ‘Special Case’ By
Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft –
14 February 2013





Posted on February 14, 2013 by lucas2012infos | Leave a comment



Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  Ireland WITH
CONSIDERABLE speculation about an impending deal on bank debt, with the
Taoiseach and the German Chancellor jointly stating that Ireland is
a ‘special case’, it is helpful to remind ourselves just how special a
case we are.

Eurostat, the EU Commission’s data agency, has calculated the cost of the banking crisis in
each EU country. The following focuses on the cost to general
government budgets. Ireland has really taken one for Team EU.

Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  6a00d8342f650553ef017c35cc702b970b

Yes, there’s wee Ireland up at the top, just edging out Germany for
the dubious title of spending the most on the banking crisis. €41
billion to date according to the Eurostat accounting data (this doesn’t
count the billions ploughed into the covered banks from our National
Pension Reserve Fund as this was not counted as a ‘cost’ to the General
Government budget).

Of course, this doesn’t give the best picture. What happens when we look at the cost as a percentage of GDP?

Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  6a00d8342f650553ef017ee76fccd2970d-500wi

Ireland may not win football’s European Championship but when it
comes to banking debt we are Barcelona, Bayern Munich and Manchester
United all rolled into one with Real Madrid for a bench. Germany may
have run Ireland close in the nominal amount of banking debt but when it
comes to a proportion of GDP, it is just pennies behind their sofa. For
Ireland, it’s the entire house.

Here’s another little stat to chew on. The European banking crisis
is just that – a European crisis. But as we know, this has not been
addressed at the European level. Rather, the cost has been delegated to
individual countries regardless of their size or ability to pay. For
instance:


  • Ireland makes up 0.9 percent of the EU population
  • The Irish economy makes up 1.2 percent of EU GDP

Ok, we’re small. So how much of the entire European banking debt have we paid?


  • The Irish people have paid 42 percent of the total cost of the European banking crisis

We may be minnows when it comes to population and economic size, but when it comes to banking debt we are the whale in the pond.

One more breakdown. How much have countries paid per capita?

Ireland Has Been Declared A ‘Special Case’ By Angela Merkel – And These Figures Show Exactly Why, Writes Michael Taft  6a00d8342f650553ef017c35cc7a11970b-500wi

The European banking crisis to date has cost every individual in
Ireland nearly €9,000 each. The average throughout the EU is €192 per
capita. I really don’t know what you can say after that.

So, Ireland is a really, really special case. We require a really,
really special solution. The Government (and we must always remember
that this mess wasn’t created on their watch) has a real challenge in
the negotiations over bank debt. But there is a bottom-line here.

If any deal does not qualitatively alter these dismal statistics,
then it won’t be a deal worth applauding. The Government may be tempted
to return to the Irish people waving a sheet of paper claiming ‘a bank debt deal for our time’.

But if are still paying nearly €9,000 each while the remainder of the
EU pays only a fraction of that, then it is no deal at all; just a
re-arranging of euro notes – a lot of euro notes – on the decks of a
sunken ship.

Michael Taft is Research Officer with UNITE the Union; author of the political economy blog Notes on the Front where this article originally appeared; and a member of the TASC Economists Network.

Read more articles by Michael Taft here>


http://www.jhaines6.wordpress.com / link to original article


Thanks to: http://lucas2012infos.wordpress.com



  

Herb Lady

Herb Lady
Thanks again!



Take care of the land and the animals and they will take care of you!

Come visit my site at:  https://onlynaturesmagic.com/

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum