Meanwhile, we continue to muddle through here.
Because unlike the other PIIGS, this little green rock never stopped having a trade surplus. We're still making and selling more than we're buying. We're not pulling baillout money to pay for social welfare programs or the like, we're pulling baillout money to pay to keep four big zombie banks shuffling along because that's what the ECB demanded.
What happens if the Euro goes is that we're back to the punt. Rumour is, that the money's already been printed it just needs to be distributed. What happens if we go back to the punt, is that our currency devalues. Which makes our exports even cheaper, which makes us a more competitive economy to work with. That was the original kickstart to the boom decades ago.
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--m(^0^)m-- Wot, no sig?
Because unlike the other PIIGS, this little green rock never stopped having a trade surplus. We're still making and selling more than we're buying. We're not pulling baillout money to pay for social welfare programs or the like, we're pulling baillout money to pay to keep four big zombie banks shuffling along because that's what the ECB demanded.
What happens if the Euro goes is that we're back to the punt. Rumour is, that the money's already been printed it just needs to be distributed. What happens if we go back to the punt, is that our currency devalues. Which makes our exports even cheaper, which makes us a more competitive economy to work with. That was the original kickstart to the boom decades ago.
________________________________
--m(^0^)m-- Wot, no sig?