11–20 of 80 posts
Australia also has had a long, rolling property boom, with bank lending behind it all. It didn't pop when expected because our economy was propped up by mineral/metal prices, due to China's demand and surprisingly little supply from other countries. Both may change.
One of the few positive things to have come out of the financial crisis of 2008 is that it has probably killed any prospect of Scotland becoming independent - we used to be promised that we could share in the same kinds of success as Ireland and Iceland if only we had the courage to go it alone! I doubt if many people have the appetite for being stuck in a small country with a financial monster like RBS or HBOS. [NB…
One of the few positive things to have come out of the financial crisis of 2008 is that it has probably killed any prospect of Scotland becoming independent - we used to be promised that we could share in the same kinds of success as Ireland and Iceland if only we had the courage to go it alone! I doubt if many people have the appetite for being stuck in a small country with a financial monster like RBS or HBOS. [NB…
Whenever I hear about people wanting to break away like that I'm always reminded "There's strength in numbers". As the world economy starts to flatten out, we're all learning that it comes down to a population game. I wonder if we'll see a point where two countries vote to merge together to create a stronger economy.
Greece was profligate, openly cooking the books since at least 2002 (http://en.wikipedia.org/wiki/Greek_Financial_Audit,_2004) whereas Ireland was doing the noble thing by imposing austere measures on itself.
Yet both needed bailouts by the EU recently, and both will probably wind up defaulting.
Earlier quoted context omitted.
Whenever I hear about people wanting to break away like that I'm always reminded "There's strength in numbers". As the world economy starts to flatten out, we're all learning that it comes down to a population game. I wonder if we'll see a point where two countries vote to merge together to create a stronger economy.
Both the future independent Scotland and the United Kingdom of England and Wales would presumably be constituent nations of the European Union.
"The SNP believes that Independence in Europe is the logical next step for Scotland to take on its road to becoming a normal, democratic, European nation, just like Denmark, Ireland or Luxembourg."
Note that I'm not anti-EU at all - quite the opposite.
One of the few positive things to have come out of the financial crisis of 2008 is that it has probably killed any prospect of Scotland becoming independent - we used to be promised that we could share in the same kinds of success as Ireland and Iceland if only we had the courage to go it alone! I doubt if many people have the appetite for being stuck in a small country with a financial monster like RBS or HBOS. [NB…
Whenever I hear about people wanting to break away like that I'm always reminded "There's strength in numbers". As the world economy starts to flatten out, we're all learning that it comes down to a population game. I wonder if we'll see a point where two countries vote to merge together to create a stronger economy.
One of the few positive things to have come out of the financial crisis of 2008 is that it has probably killed any prospect of Scotland becoming independent - we used to be promised that we could share in the same kinds of success as Ireland and Iceland if only we had the courage to go it alone! I doubt if many people have the appetite for being stuck in a small country with a financial monster like RBS or HBOS. [NB…
Banking seems a lot like a gambling except that it's heads you win and tails they lose. Lend big into a property bubble and you'll be rewarded with colossal bonuses. The bubble bursts, loans go bad and the share price collapses. However the main banks banks are considered too big to fail and the taxpayer has to bail them out. Bonuses (smaller ones) for exceptional performance continue to be the norm, rolling heads th…
Unfortunately, if you remove deposit insurance (or any of its variants), people's savings once again become subject to the self-fulfilling whims of insolvency or the unfounded rumour of insolvency.
Australia also has had a long, rolling property boom, with bank lending behind it all. It didn't pop when expected because our economy was propped up by mineral/metal prices, due to China's demand and surprisingly little supply from other countries. Both may change.
One of the few positive things to have come out of the financial crisis of 2008 is that it has probably killed any prospect of Scotland becoming independent - we used to be promised that we could share in the same kinds of success as Ireland and Iceland if only we had the courage to go it alone! I doubt if many people have the appetite for being stuck in a small country with a financial monster like RBS or HBOS. [NB…
One downside of entangled influence: http://www.telegraph.co.uk/news/worldnews/africaandindianoce...
To save embarrassment there was probably a deal done where he dropped his appeal and he got returned home:
http://www.independent.co.uk/news/uk/home-news/almegrahi-pre...