{"id":9438,"date":"2011-03-31T19:16:38","date_gmt":"2011-03-31T17:16:38","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=9438"},"modified":"2011-03-31T19:16:39","modified_gmt":"2011-03-31T17:16:39","slug":"two-questions-about-ireland","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/03\/31\/two-questions-about-ireland\/","title":{"rendered":"Two questions about Ireland"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.guardian.co.uk\/business\/2011\/mar\/31\/ireland-banks-need-24bn-euros\">Guardian reports:<\/a><\/p>\n<blockquote>\n<p style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 13px; margin-left: 0px; border-collapse: collapse; font-family: arial, sans-serif; background-repeat: no-repeat no-repeat; padding: 0px;\"><a style=\"border-collapse: collapse; color: #005689; text-decoration: none; background-repeat: no-repeat no-repeat; padding: 0px; margin: 0px;\" title=\"More from guardian.co.uk on Ireland\" href=\"http:\/\/www.guardian.co.uk\/world\/ireland\">Ireland<\/a>'s embattled banks need to be bolstered by an extra \u00e2\u201a\u00ac24bn (\u00a321bn) \u2014 some \u00e2\u201a\u00ac13bn of which needs to be used to prop up the troubled Allied Irish Banks (AIB).<\/p>\n<p style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 13px; margin-left: 0px; border-collapse: collapse; font-family: arial, sans-serif; background-repeat: no-repeat no-repeat; padding: 0px;\">It takes the total bill for repairing the hole in the banking sector caused by the bursting of the Irish property bubble to \u00e2\u201a\u00ac70bn.<\/p>\n<\/blockquote>\n<p>Two questions:<\/p>\n<p>a) How long will it be before civil disobedience breaks out at the cost of this being imposed on ordinary people in Ireland, all to save banks elsewhere?<\/p>\n<p>b) How long is it before Ireland defaults?<\/p>\n<p>The answer is, of course (b) is not long after (a) but I see (a) as distinctly likely now. Why not? What have the Irish to lose any more? This debt cannot be repaid. It is \u00e2\u201a\u00ac23,000 or thereabouts a head.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Guardian reports: Ireland&#8217;s embattled banks need to be bolstered by an extra \u00e2\u201a\u00ac24bn (\u00a321bn) \u2014 some \u00e2\u201a\u00ac13bn of which needs to be used to<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/03\/31\/two-questions-about-ireland\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-9438","post","type-post","status-publish","format-standard","hentry","category-ireland"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/9438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=9438"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/9438\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=9438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=9438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=9438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}