Author Topic: The Brexodus  (Read 353957 times)

john m

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Re: The Brexodus
« Reply #1290 on: September 24, 2019, 03:18:50 am »
Ireland has the highest national debt per head of population in Europe, making the country especially vulnerable to a Brexit shock or loss of volatile corporate tax income.

In a downturn, the national debt and budget deficit could soar to perilous levels following a crash-out Brexit or other external shock, a Central Bank report has warned.

"The 2008 crisis is a vivid reminder of how negative economic shocks can trigger potentially unsustainable increases in government debt," said the report by Central Bank economists Thomas Conefrey, Rónán Hickey and Graeme Walsh.

The Government should take stronger measures to reduce the debt to mitigate what the authors called "an environment of elevated risks". Ireland's strong growth since exiting the Troika bailout in 2014 has pushed down the debt-to-gross domestic product (GDP) ratio, a standard measure for comparing countries' finances. But GDP is regarded as an unreliable measure for the Irish economy because of distortions linked to multinationals operating here.

The national debt remains above 100pc of gross national income (GNI), an alternative measure which tries to better measure economic output.

In real terms, the national debt has more than doubled over the past decade to €44,000 per man, woman and child in the State. It leaves us the most indebted even among Europe's other deeply indebted nations.

The Central Bank's economists forecast that, if the UK leaves the EU without agreement, Ireland would be forced back into deficit spending and its debt ratio would remain stubbornly high through to 2025. Higher spending on unemployment benefits and debt financing combined with lower tax takes would add €22bn to the national debt by then and keep Ireland's debt-to-GNI ratio above 90pc, some 17 percentage points higher than in a benign environment, they calculated.

The report offered another external shock scenario: the sudden loss of €3bn in corporation tax, considered a possibility in several recent forecasts from the IMF, Irish Fiscal Advisory Council IRISH TAXI DRIVER and others that have highlighted the State's unprecedented reliance on tax collections from a handful of tech giants.

This shock, on its own, might drive up Ireland's debt ratio by around ((((((10 percentage points - )))))))but much more if accompanied by Brexit and a global economic slowdown.

"In reality, economic shocks can sometimes occur simultaneously," they wrote.

dalymount

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Re: The Brexodus
« Reply #1291 on: September 24, 2019, 07:00:46 am »
Pensioners should not look forward to the proposed fiver a week increase then ?

The Liffey Lip

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Re: The Brexodus
« Reply #1292 on: September 24, 2019, 07:26:48 am »
Did any of yis see that young wan on the news giving out about climate change. Jeez she left them in no doubt what she thought of them. She eat the shite out of them. Saying they took her dreams. She is an awful looking boot though

You think she writes her own speeches?....she's a pawn being used by big money-men like Gates and co with no shame..

john m

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Re: The Brexodus
« Reply #1293 on: September 24, 2019, 09:31:06 am »
Pensioners should not look forward to the proposed fiver a week increase then ?

Pensioners Vote so they will be looked after  The Government have been warned the economy is rocky so they vote to reduce LPT anybody think there is an election on the way .

dalymount

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Re: The Brexodus
« Reply #1294 on: September 24, 2019, 09:56:09 am »
But lippy regardless of whether or not money men are using her as a pawn, surely you agree the objective of what she is trying to achieve is extremely important, and very urgent ?

The Liffey Lip

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Re: The Brexodus
« Reply #1295 on: September 24, 2019, 10:00:46 am »
I think people of her age-group could do so much more to care for the environment by going to school/college and studying climate physics. Perhaps there, they could learn about Grand Solar Minimum Cycles and the Milankovitch Cycles etc...and of course, her parents could lead more productive lives other than protesting about "right-wingers" in Sweden....thought you might like that in particular, Dalyer...

dalymount

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Re: The Brexodus
« Reply #1296 on: September 24, 2019, 10:09:17 am »
I didn't know her perants were involved in such protest, so fukk em.on another note, a kick in the bollox for the remainer scum this morning. The court found no evidence of corruption in the Arron Green leave case

The Liffey Lip

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Re: The Brexodus
« Reply #1297 on: September 24, 2019, 10:14:03 am »
I didn't know her perants were involved in such protest, so fukk em.on another note, a kick in the bollox for the remainer scum this morning. The court found no evidence of corruption in the Arron Green leave case

All connected, Dalyer...those paying taxes have most to fear from all these joined-up groups...Antifa activists are behind Extinction Rebellion and related Eco-Nazis groups. She won't have to worry about it as she'll be sitting like your wan that was shot in the face in the U.N. getting fat on Foie Gras and Chateau La Fite whilst your kids eat out of a Happy Pear disposable egg-cup.

john m

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Re: The Brexodus
« Reply #1298 on: September 24, 2019, 10:17:16 am »
But lippy regardless of whether or not money men are using her as a pawn, surely you agree the objective of what she is trying to achieve is extremely important, and very urgent ?

Its bolloxology .It would make more sence and give greater guidance if the Young people lobbied the government to increase the driving age from 17 to 25 like they did with paying dole and if Students refused the SUSI grant and asked for it to be diverted into free transport to get tax paying workers to work .That would be leadership but crying out for somebody else to pick up the tab is all we are seeing .

Offline mercenary for hire

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Re: The Brexodus
« Reply #1299 on: September 24, 2019, 10:26:32 am »
Bet the kid kills herself in ten years when she realises nobody actually gives a fuk about climate change.

dalymount

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Re: The Brexodus
« Reply #1300 on: September 24, 2019, 10:40:20 am »
Boris has lost and the cunt Miller won

The Liffey Lip

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Re: The Brexodus
« Reply #1301 on: September 24, 2019, 10:41:07 am »
Big trouble ahead...........where's that Yacht that youngwan was on moored?......

john m

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Re: The Brexodus
« Reply #1302 on: September 24, 2019, 10:44:16 am »
Bercow given the whip hand

john m

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Re: The Brexodus
« Reply #1303 on: September 24, 2019, 10:47:57 am »
UDA will be fucking annoyed big time .When Parliament was Porogued the bill to bring Gay Rights and Abortion to Ulster died now its back on the menue .UDA wont like that .Is Boris still viable as PM or will he just say fuck them all and Crash out as he has nothing left to lose ?

The Liffey Lip

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Re: The Brexodus
« Reply #1304 on: September 24, 2019, 10:53:20 am »
Prof David Starkey, the eminent historian, and honorary chair of many universities, nailed it when he said not one significant piece if legislation has been passed in Britain since the Brexit fall-out started...3 yrs of nothingness....and they're worried about a prorogued parliament?

 


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