At long last the euro is finally being saved

wtf If Germany decides to drop the euro and pull out, I wouldn’t want to have too many in my bank account that day, they will go faster than a lead balloon.

esat., Yes, there has been an attempt to corporatize the world, it would seem. I don't think it has to be this way. To indulge your premise, I say there are good corporations and there are bad corporations. I, support the ones who do something to make the world a better place. They are with us like fleas on a pet, at present. Sláinte!

Esat, Delaney is on €150,000 more than the head of Spain and Italys FA!

irishcoffeekid: what makes you think this will put money back into Irish pockets. We don't have the calibre of elected representatives who will fight Ireland's corner ffs!>>> Searlit: The countries you speak of, like Ireland are now de facto Corporations. Corporations don't invest in their citizens, they exist to screw their citizens!>>> WoundedKnee: do you know that the CEO of the Football Assoc. of Ireland, FAI is on a salary of €450,000? That somehow the FAI are not answerable to the Minister for sport.Its double what our PM takes.. See Ir. Independent Friday and suspend your disbelief.

@EphraimKibbey, I think it's a huge step in the right direction. If only, countries would invest in their own citizens...

The ordinary taxpayers of countries all across the world did not create this recession, the banks and Wall Street did! It didn't seem fair that the ordiary guy on the street had to fix the problem by increasing his nation's indebtedness, suffer all the austerity rules AND get hit by the fallout from the recession too. This seems fairer but the real test will be if it kick starts the economies around the world.

The useless Dublin government never plays its trump card. When they are being hectored by the other EU countries, they should simply point to the enormous cost to the Irish taxpayer of supporting the settlement of Ireland by migrants from Eastern Europe. Free health care, subsidized housing in many cases, free translation and interpretation, free education for their children, welfare benefits far in excess of what they would gain in their own countries, children's benefits for the children of Eastern Europeans even when those children (assuming they exist) have never set foot in Ireland... The total comes to billions per year. The worthless Irish government should calculate the tab and put it on the table the next time they are being bullied in Brussels.

Don't miss the point that now the debt will be owned by the banks themselves. Those banks will have to do the negotiating themselves with Brussels to get more loans. The Irish people won't be carrying the burden of the bailout because the Irish Government isn't carying the debt anymore. Irish taxpayers should be relieved.

obviousally this writer is somehow deranged n is probably a good linguist as he read this in some european newspaper n copied it u need glasses dude its people like u in themedia that caused the trouble in the first place for not investigating properly ye never done yere job n ye continue to not do it properly by making false statements

all sounds great but not worth a curse or the paper its written on if it doesn't put money back in the pockets of the ordinary Irish folks who've been taxed to the hilt, had to take pay cuts and bail out pathetically managed banks. When people see it in their wallets/purses, then you can say how remarkable it is!

Great! Countries can now go back to borrowing as much as they want and spending whatever they please and all will be well. Thank goodness for that.