If it does I hope u don’t own a house :(

@ Time to print punts? Then it time to to stockpile another currency. Any other currency. Of all the many pro-new currency commenters I asked time and time agin, none have been able to give a straight answer to my question; what would the initial value of the punt nua be based on. I presume that they haven’t answered because the answer is clear; the idea if a punt nua is ridiculous because it’s value would be too low to be of any practical use. We have a sizable public spending deceit and we re massively in debt. If we default on that debt than no-one will touch our bonds unless we offer a yield so high that we couldn’t honored them. The is possibly the worst time to conceive of creating a new currency, and yet it’s the time when the hoopleheads are shouting most loudly for it.

@Nikolas, Punt Nua is already available and you can exchange €5 for PN£186 on puntnua.bigcartel.com

You can also like Punt Nua on Facebook www,Facebook.com/PuntNUa

Nice gimmick, and I sincerely hope you do well out of it ( if it is your baby ), but it’s not a legitimate currency. The exchange rate sounds about right though. :-)

Not even close to the end! I think Europe has woken up at last! Germany has at long last realised that the Euro has to be saved! Greece should come out of all this with a much greater chance of survival, and Ireland will have its bank debts completely restructured! Hopefully now, we can all look ahead with real optimism!

Yes you are correct but this is just all out panic. Finlands government have said that they are getting ready to depart & would advise strongly that everyone else prepare to do the same. Its not looking good for the euro.

Will you give over, you sound like a boiler room trader trying to whip up needless hysteria over something that is highly unlikely to happen!!

Im not saying its going to happen but the finnish government & opposition have said they are ready & strongly advises everone else does. Ecb says it will do anything to save the euro. Looks like panic to me.

Did you read the same article I did? More importantly, do you know how to punctuate?

No Conor can I look to you.

The idea of unlimited bondbuying has spooked Soros, Rothchilds, Paulson and the Finnish government. Unlimited bondbuying basically means unlimited issuance of Euros- Mugabe economics.
Whatever way the ECB intervenes in the sovereign bond markets the result will be the same. Spain and Italy will become increasingly more dependent on the ECB for funding.

” Printing money to try and stimulate your economy or excessive credit growth is what leads to inflation. Printing money because you are broke and can’t service your debts is what leads to hyperinflation.”
Jordan Roy-Byrne

This is the way all finish politicians speak always prepared for the worst this is either new or out of character.
As for printing euros to buy our way out, The Americans have been printing by the boatload with their QE program for the last few years. the fact that there is/are no strong currencies /economies left the compare one blocs fall too, their all going together ..

It is their money, after all. You cam’t blame them for wanting to increase the odds of ever seeing it again.

Blame the Germans if we had followed the German model we would not be in this mess.We don’t have the economic discipline or work ethic to match the Germans and to blame the German banks for our problems beggars belief,they did not twist our arm to take the money no we greedily grabbed and blew it.A great Irishism it’s always someone else’s fault.

Yes, it’s always a horrific situation when evil foreigners come in and force you to take their money. I’d feel violated if it ever happened to me. I’m off to join Sinn Fein, they know the truth right enough, and they swear that they can remove unemployment p, increase social welfare and lower taxes in one fell swoop by forcing the 1,000,000 people in Ireland who earn more than €500,000 a month to pay their fair share of taxes. There’s a free T-Shirt for every new member as well!

Martin, I admire your starting a new party, but instead of just complaining, you really need to offer some valid alternatives to be seen as credible. I’m not saying you don’t have any, but if you do, you need to make them public, or people are just going to pass you over.

A real investigation would be a wonderful thing. I’d have my own pet theories about why the bank debt was taken on, and I’d love to see how off the mark I was with that. The main problem I see with an investigation is who could be trusted to run it. Much as I hate to say it, it couldn’t be run by an Irish investigator or even anyone linked into the EU. I’d say get the Americans back on board. It might sting a bit to ask for their help, but they were invaluable in getting things settled and functioning with the peace process up north.