What do they expect??? Mass Austerity & Mass Hyperinflation on the people, and yet this is news!!! This what happens to a country when dictated from outside, cuts, taxes, more cuts, more taxes etc. This beggers belief!!

Everything goes down In economy but the government still protect greedy landlords rights to demand Celtic tiger rents.
When will the gombeen politicians learn how to protect home grown jobs?

@ciaran . “print more”, with an economic master plan like that may I suggest you seek employment with the treasury of Zimbabwe. That’s exactly what Mugabe did to solve economic and social discourse. When the people want a pay rise he just printed bucket loads and gave it to them to keep them happy. The guy proclaimed himself a genius ……. That’s until the same people went to buy a loaf of bread and were shocked to find out a watch was cheaper. Old gold reserves and bonds are a measure of actual wealth. If the case were different every country would just print loads of cash and hand it out willy nilly. Oh if it was only that simple !

Its the age of austerity. Get used 2 it cause they ain’t changin their plan.

Even new liberal economist saying that you can tax your way out of a recession . For this famine that comes “galloping” there will be no “Brits” to point the finger!

I always remember there was an episode of Duck Tales that explained why printing money does not work.

Yeah I know it’s over simplifying and I knew I’d get a lot of people with a brainer than thou attitude however the world economy needs a stimulus to kickstart . I’m not saying to hand it out like confetti and if the world banks were to agree to it how can It drive up inflation as it would Be worldwide therefore no currency could be devalued more than any other .it’s all about confidence at present everyone has a what we have we hold attitude .

I would like to clearly point out what is obvious to anyone who does not have their head completely buried in the sand. Let me say this quite clearly, we are at War. Our Sovereignty is being challenged by a conglomerate of international bankers who are intent on taking over the governance and assets of our country. We are not going to be able to repay our crippling debts. Default is inevitable. I consider our governments current stance as tantamount to treason and that they are further attempting to subvert democracy by implementing treaty changes without a referendum is nothing short of scandalous. We are in a State of Emergency yet as far as I am aware, the Government has done nothing to guarantee our self-sufficiency in the event of further crisis. Our dependence on international imports of food and cash have led to the loss of our sovereign independence. When we live in such a rich and fertile country, this seems to me both irresponsible, sad and a really wasted opportunity to create a better future for Ireland. I would encourage everyone to support local producers, both this Christmas when buying gifts, and in an everyday way when it comes to buying vegetables and food.

We need to ensure that local producers survive as our future may yet depend on them.

Firstly the gold standard is gone so there is nothing to back your currency other than sentiment and confidence.
Secondly the printing of money simply creates inflation. In other words the austerity measures become worse because your income is devalued. Does anyone believe that Employers or Social Welfare will increase wages or benefits in the face of worsening inflation.
Let’s get real please.

Amazing scenes.

Slashing for growth is like fucking for virginity.

One quarters figures is a not a trend.

Fantastic!another reason to get up in the morning!

Ok so let’s face it the problem is a shortage of money in the eurozone and indeed worldwide . We talk about a shortage of money the same way as if it were rainfall or oil or something . The thing that strikes me is that MONEY IS MAN MADE and if we have a world shortage we should print more . Forget about these laws that were set in the stone age about each country must have reserves in gold to represent each unit of currency. Times have changed money changes hands from country to country so much quicker now we need to shift some laws to the history books . I say get those minting machines operating again and let’s all get back to normal prosperity.

Very sensationalist photo. Sad to see this sort of journalism.

And what is the impact on government’s budgetary projections which have been relying on growth which somehow always undershoots the government’s assumptions? It’s more tax and cuts down the road.