Nobel winner Paul Krugman says Irish should vote no in Euro referendum
New York Times columnist advises Irish voters to reject Treaty today
Published Thursday, May 31, 2012, 7:22 AM
Updated Thursday, May 31, 2012, 7:22 AM
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FastEddy | May 31, 2012, 12:26 PM EDT
I agree with Krugman, rarely. On this I do agree. Ireland could and should work out a much better deal. ..... >>> The EU mandate that Ireland raise taxes to accommodate these "bailouts" of g'ment and Irish banking is or should be a deal breaker for the Irish citizenry and the Irish economy. <<<
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BulldogMania | May 31, 2012, 11:45 AM EDT
Krugman is usually WRONG on issues of the US economy...we are $16 TRILLION dollars in debt. Who is he to tell the Europeans what to do...in this particular story the Irish. I'm an American, and long ago we learned to ignore this radical far left liberal.
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Liam3494 | May 31, 2012, 10:17 AM EDT
Krugman should stick to his own economy and leave the European one to those who live and work within it. He is off the mark when it comes to European issues, and as an economist he should realise that one size does not fit all. The austerity measures are necessary in the short term, with the next stage far more important as the Eurozone will be looking for growth and job creation, both of which require the immediate fiscal belt tightening to ensure a future.
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wjb1tex | May 31, 2012, 10:03 AM EDT
Krugman also gave great advice to Enron when he was their financial advisor.
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Murph46 | May 31, 2012, 09:51 AM EDT
Of course he says no,he doesn't have to live with the consequences.
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francisquinn | May 31, 2012, 09:39 AM EDT
IF Krugman says "Vote NO"....I would urge a YES VOTE....he is a big deficit hawk....spend and spend and tax and tax....he belongs in Russia or Cuba....maybe even N.Korea..
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pndirishandprou | May 31, 2012, 09:38 AM EDT
Krugman is a brilliant economist and I agree with most of his assessments of the the US economy. However, he has been mostly wrong on Europe and the euro. This time Europe doesn't care about the Irish vote, ESM will go into effect with only 12 of the 17 euro countries approving it. An Irish "NO" vote is a shot in the foot. The Irish are smarter than that.
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Laochra | May 31, 2012, 09:32 AM EDT
Krugman is right on the money. A unified currence without a unified political system simply cannot work. Even the economists who came up with this hairbrain idea stated as much. Either unify politically, in which case our country becomes a footnote in history, or leave the euro and turn the EU into an economic zone, sort of like a NAFTA with a NATO component.
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LoyalCitizen | May 31, 2012, 07:50 AM EDT
He has been consistently closer to the truth than the traitors who steal from the sick, the handicapped, the unemployed and old age pensioners to hide their economic mistakes.
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