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13,881.16 euros.
Ok I did some maths and that's the approximately the average sum the irish get per person are getting from the 85 million euro bail out.
The population of Ireland on November 25th 2010 is approximately 6,213,404. (Extrapolated from a population of 6,150,000 in 2007 and a population of 6,197,100 on February 3rd 2010.)
@ Charlie my point is not every one in ireland will get to see that amount in benefits to them from the bail out. How many families could do with that money? Think about it the economy is driven by the population's efforts. But every single individuals will get penalised by the changes been made. But the the bail out will not filter down equally.
5 Answers
- 1 decade agoFavorite Answer
No, this is nothing.
It is so expensive over there.
This wouldn't be enough.
- 1 decade ago
Hi,
firstly you meant 85 billion, and not million?
secondly, it is the republic of Ireland that is receiving the bailout, population of about 4 million, the other figure you quote includes Northern Ireland
and thirdly, the bailout is a loan to the government, who will in turn give the money to the banks,
this is not being divided up equally amongst the general population,
it is a loan and it is expected that it will be paid back, with interest
So the banks will get the money, and then taxes will be increased on the population and services will be cut, so that it can be repaid
Hard working Irish citizen? that is rubbish, the reason we are broke is because as a people the Irish were greedy, builders, land owners, taxi drivers, estate agents, restaraunts, pubs, painters, decorators, plumbers, electricians, carpenters, the list is endless, everyone screwed everyone else, for everything they could get, and the people put up with it, now they want to boycott and protest?,
look, there's a swinging stable door, and the horse is down the road
there wouldn't be any issues if people had allowed more of the previous national debt to be paid off, instead of screaming for their penny off income tax, and electing a corrupt government in because they promised to put an extra fiver on the pension
Greed fuelled the party and the next generation is gonna have one hell of a hangover
Also going back to the punt is not an option, Ireland would have to convert all existing euro-denominated savings at a fixed rate on a given date. But savers and businesses would not wait passively for that date to arrive. The main reason for creating a new currency would be to increase the country's competitiveness by making its exports cheaper. So savers and investors would assume that the new currency would depreciate against the euro - probably very rapidly - and want to keep their savings in euros, or transfer them to another well-established currency such as the US dollar. So a prolonged, and serious debate, would cause money to leave the country,
or the could try and do it on the sly in a big bang way, tell no one and make the changes overnight, not really possible in a democracy
- Anonymous1 decade ago
isn't the point that's the debit the average joe in Ireland will be landed with to prop up the german banking system?
sod the euro and devalue with the punt and feck the bankers. it will all sort it's self out after a few Guinness (Guinness being the brand name of a traditional English beer called porter)
yes it is..
- Anonymous1 decade ago
Yes, its the hard working Irish citizen that will pay for the blunders and greed of bankers and politicians in Ireland and Europe
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