We will have to bail out the Greeks according to reports. http://www.rte.ie/news/2010/0325/greece.html Now, I have no problem with helping other countries. Far from it, but Greece has been found to have lied to the Eurozone about it's fiscal deficit. It is as corrupt as fuck. It should never have been allowed into the Eurozone - and now we all have to bail it out. Crazy world.

Ireland is bailing Greece, while getting bailed by the big eu countries, who are in huge debt already

its a joke now

We are not exactly flushed with money atm, that is absolutely true. I do wonder if the shoe was on the other foot and we required a bail out like Greece - would the Greeks be coming to our aid? We are far to naieve in this country. The Germans want us all to chip in out of principle. It's very easy to understand their anger at the situation. If I was a German taxpayer id be angry aswell.

I'm afraid that's what happens when you're part of a single monetary union.

The consequences for NOT bailing out Greece would be far worse for Ireland and other EU nations than the prospect of handing over cash.


Ireland can hardly moan either, they have been a MASSIVE beneficiary of EU funds for decades, so bleeding heart stories aren't going to wash in Brussels I'm afraid.

Don't really get why people are so opposed to bailing out Greece; that's what comes with being part of a monetary union.
The lack of confidence and possible hysteria created by Greece defaulting, and the eurozone failing to bail it out, could have terrible repercussions for Ireland.
Besides, the media spin here that countries with poor budget deficits like Ireland and Spain will suffer the most isn't really giving the whole picture at all.
Greek sovereign debt is held mostly by German and French banks, if Greece defaults then the German and French banking sectors could be damaged beyond repair. France and Germany probably have more to lose from Greece defaulting than anyone else, so it's surprising to see Angela being so hesitant.
Basically, bailing out Greece is a necessity rather than an option, and one I'm more than happy to see Ireland helping out with!

Oh well, i don't mind, its what i expected i soon as the story unfolded.

We're still far better off in thr euro than out it.

We all know there'll be a global currency soon anyway :)

^^

Well technically that is the Dollar


Though a single global monetary union is far from being 'soon'

who's gonna be next? Spain? Italy? Portugal? Ireland?
We need to stay together!

Well at least this way we'll have paid (part of?) our 'dues' back..

Retarded ppl/forumers will hopefully stop throwing the EU-Aid (handout) in our face everytime we speak of any of Ireland's achievements and recent strides in infrastructural development, etc..!

Hardly retarded with it's a fact.....what a curious post.

The contribution from Ireland to this bailout will be no where near the level of aid they got from the EU.

Do you actually know how much Ireland got in EU Funding? Whether you or anyone else think it was justified or not is beside the point, I'm asking do you know the level of aid they received.

This of course won't account for the 'possible' situation of the Eurozone having to assist Ireland as well. I know some uber-nationalists and the deluded won't like that suggestion, but economic reality has a way of being somewhat unpredictable.

We all know its a fact.. And its fine when its just that.. But when its presented muddled with and shrouded in condescension.. From people with a chip on their shoulder, trying to undermine irish economic progress or recent accomplishments.. Then it ceases to be fine..

We all know its a fact.. And its fine when its just that.. But when its presented muddled with and shrouded in condescension.. From people with a chip on their shoulder, trying to undermine irish economic progress or recent accomplishments.. Then it ceases to be fine..

+1 on your two comments B-Patriot. Indeed, it is very annoying when it's used in a condescending tone, and to undermine the economic progress of the late 90's and early 00's.
Especially, considering structural funds don't seem to have provided an economic miracle in other parts of Europe that received funds, thus leaving the argument completely obsolete.
It's also rather ironic that individuals who bitterly put forward the point are, for the most part, from countries that received the equivalent of trillions of Euros from the U.S in a post WWII recovery package 1945-1948, and Trillions more again in the Marshall Plan 1948-1951, yet don't seem to think any economic success their country had is completely beholden to American taxpayers.

Also, "IF" structural funds were of such vital importance in assisting Irish economic progress shouldn't Germans be happy that a prosperous Ireland with an extra 1.5million people became the most car dependent country in Europe and bought its expensive cars by the bucket load???
Shouldn't the Dutch be pleased that an economically prosperous Ireland with an extra with 1.5million people started buying their electronic products in vast quantities.
Shouldn't our nearest neighbour and largest trading partner be happy that an economically prosperous Ireland with an extra 1.5million people was holidaying there far more frequently and that one of its largest trading partners was buying its products in vastly larger quantities than in the past, thus adding greatly to its exchequer.
(Structual funds would've proven to be VERY worthwhile after all the whimpering)

Also, 50-60 billion euros worth of structural funds in exchange for giving over fishing rights estimated to be worth around 450-500 billion euros seems to have been a pretty good deal.

If, by helping other euro members out we can assist in securing a more prosperous future for them, thus securing a more econmoically stable future for us I think most Irish people would be more than happy to see our government dole out a few euro!

If, by helping other euro members out we can assist in securing a more prosperous future for them, thus securing a more econmoically stable future for us I think most Irish people would be more than happy to see our government dole out a few euro!

+1 to everything you just said.

I don't mind at all, it shows solidarity with a fellow European country. As you said, it will mutually benefit us all in the long-run.

Hopefully everything turns out ok.