www.independent.ie/business/irish/stateb...deposit-3125182.html

Remember this well, we'll be coming back to this in a few months to see the difference

andy theres that one irish area who simply went ahead and uses the old irish currency localy.

seems to work out well for them.


maybe europe will sooner then people think use local currencies, who knows.

greece is practicaly out of the euro, however i think they will still use it regardless, just like montenegro always did.

the euro isnt doing very well, the spanish now asking for bailouts.
the esm wont work, nothing will.

the governments should simply use inflation to get rid of the debt, thats bit magic tricks

but thats not in the interest of the few .

the common people, who dont have anything anyway wouldnt care one bit about say 5% inflation per year, and at that rate, the debt would be erasing itself within couple decades.

the usa is doing this since ever and they always get away with it.

I think you're confusing inflation rate with central bank rates?

Can't really have inflation when there is no growth because money is just making a circle between central banks-govt-highst banks-central banks.

Its not entering the general wealth pool and govt is not spending on expansion.

Traditionally inflation would be controlled by the central bank rate, however thats assuming that the money gets spent into the general economy....right now its not, its making that circle I mentioned above, hence why little has changed.

nono, i mean inflation by de valueing currency.

and yes the bailout money should go to the people, not to banks.

or if it goes to the banks, make it available for the people by loans.

Well they could devalue it for 1 hour far enough to totally pay off the debt then revalue it back again