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Iceland had the last laugh on Ireland says top financial writer

Dan White explains why Ireland should have taken a cue from Iceland


Dublin's financial district - Iceland is doing better than Ireland
Dublin's financial district - Iceland is doing better than Ireland
Photo by Google Images

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“...by the end of 2013, there is no way the Irish sovereign can repay existing borrowings let alone any new loans it may seek to raise.”

“Maybe,” concludes White, “instead of being the good boys it's time we [Ireland] followed the Icelandic example and indulged in some Viking-style plunder and pillage.”


Nster.com


22 Comments

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Some would have Ireland think cultural integrity, and collateral, are passe.
" Bottom line here is that the Irish in Ireland don't mind immigrants that are white but others not. Ireland is a country made up of people from other countries from day one " What on earth are you trying to say - genetics show the Irish, Welsh and Basque to be among the most indigenous and homogenous Europeans. Regarding "white" immigrants, I thin there have been a few problems extending over a millenium now.
Bottom line here is that the Irish in Ireland don't mind immigrants that are white but others not. Ireland is a country made up of people from other countries from day one.
the immigrants that live their. All the Africans, Asians, caribbeans. No wonder you are so angry and full of hatred, you bitter little thing.
Who are you kidding Woundedknee have a read of all your comments you leave here. You are so angry with alot of things, especially immigrants. Being an immigrant yourself, what a hypocrite you are. You speak alot of rubbish over and over and sound extremely Thick. How do you survive in America with all
bobby: Better to be angry (which I'm not) than to be dumb (which you are). I can promise you that in 2013 I'll redouble my efforts to articulate the unheard views of that large majority of Irish people who say NO to foreign colonization and globalization.
Georgy boy just stating economic facts..So Georgy were you in Dublin for the swearing in ceremony of our new Irish citizens?Or are you still wearing your pointy head?
its what i said and have been saying,the only way is tell them,the rip off banks to get stuffed,what they going to do send the bailifs in,then you print your own money,the state is the bank,no private ripping of intrest rate setting banksters. do it.
Anglo a Reality check and some Counselling will do you some good. It cannot be a happy life you live. So much hatred and Bitterness. It's not healthy for your little brain. Same goes for Woundedknee. I wish you both well.
bobby- The Truth shall set you free son.
Woundedknee & Anglo-mormon you would make a lovely couple, full of hatred both bitter and miserable things. Great match....
Sirpeter is back, I see. Still as spineless as ever, still obsessed with defending the corrupt and dumb Irish politicians.
"The Icelandic krona has lost almost half of its value" Great for exports..Not so good for imports..At least your average Icelander can just about afford to buy fish.Fact is a weak currency is great for an economy..But a disaster for individuals.I think Dan White left out that part.He also didn't say that the price of petrol has doubled in the last five years.If that happened in the U.S.A. there would be revolution.Defaulting on debt is always a bad idea, especially if you are part of a club/EU.
What would you expect from our expert's advice a bunch of self appointed A#$ H@#$% LOL Paddy Last !st in the Goodie two shoes Class
Pigs Arse.




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