Categories Uncategorized European Commission Spring 2012 Review of Economic Adjustment Programme for Ireland Post author By Philip Lane Post date June 26, 2012 5 Comments on European Commission Spring 2012 Review of Economic Adjustment Programme for Ireland Available here. Related ← Turnover and Exports in Irish Pharma – guest post from Chris Van Egeraat → Call for papers – conference on bank resolution mechanisms, Spring 2013 5 replies on “European Commission Spring 2012 Review of Economic Adjustment Programme for Ireland” Well I see our masters will not speak of GNP again. But Private / public consumption forecasts are down down down…. domestic demand effectivally. So they think fixed investment will stabilize / grow ? in 2013 ? Whats the point of fixed capital investment if there is no possibility of future demand ? That is what led us into the malinvestment mess was it not ? How do you know what to invest in ? The opening prologue of Economic textbooks will have to rewritten for the bankers once again. The purpose of economic activity it seems is to export your wealth….. They will cut the dole /pensions as domestic demand falls off a cliff. We need our own currency – this will cut off the leakage of money from this juristiction to other banker fiefdoms. These bankers that run this shop have investments elsewhere on the planet , be it China, Arabia or so called Core Europe. A collapse of the euro will make these investments worthless. They are essentially running this country as part of a portfolio of assets rather then as a country. It makes one sick to ones stomach that no one of substance stands up & routes out this den of vipers. I am not a conduit. How many times must I say this…. its so obvious. The core is borrowing off our accounts…… They want to cut domestic demand while pushing people out into employment !!!!! – its obviously a farcical report , a sick joke if you somehow take these criminals seriously. There are both numerous large and small projects going on in the core that require vast amounts of Diesel. You can acheive something similar with only 100,000 + men with picks and shovels. Remember Energy and its ability to do work ?…. the most simple of scientfic statements. “In physics, energy (Ancient Greek: ἐνέργεια energeia “activity, operation”) is an indirectly observed quantity that is often understood as the ability of a physical system to do work on other physical systems. Since work is defined as a force acting through a distance (a length of space), energy is always equivalent to the ability to exert pulls or pushes against the basic forces of nature, along a path of a certain length.” They wish we forget all that stuff ……. economics is far more serious and all that. Little projects like these just don’t matter. http://www.youtube.com/watch?v=PN-GZvU-BXo http://www.rff.fr/IMG/Cpresse%20-%20PRA%20de%20Naveil(1).pdf Only if the energy density is lower could they efficiently employ 1000s of people with picks and shovels. Economics is not a serious science. Does anyon know where the €2.4bn in banking revenues shows up in table 6? Also – is there a place where you can get the actual cash account for the year (i.e. including Prom Notes etc). There is going to be an election in 2016 at the latest. More than likely the troika will still be here. Based on current projections we will have a primary surplus of €2-3bn probably (plus PN payments) while the fiscal compact will ensure continuing austerity. Sinn Fein will be laughing. You can get 6/1 in PP for SF being the largest party for centenary of 1916. “A specific source of risk is the reform of the personal insolvency regime, given difficulties in drafting legislation that strikes the right balance between promoting the restructuring of unsustainable debt burdens and protecting creditor rights.” Its almost laughable that they write this stuff and most probably see no correlation between this issue and the bigger picture in which they are the architects of regime that concerns itself only with ‘creditor rights’. Its like the parent giving the young fella a wallop across the head for threatening to slap his sister while preaching to him that violence is wrong. This document is a ‘working document’ and comments will be gratefully received and may be sent by email (or mail) to: Sven Langedijk firstname.lastname@example.org Comments are closed.