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Thread: Academic boycott of Israel approved by Irish union

  1. #41
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    Quote Originally Posted by Graham View Post
    Think the Bank of Scotland was there also.. Ulster Bank.


    Ireland has been giving billions by the EU, to screw us with the low corporation tax.
    The banks that were recapitalised were Allied Irish Bank, Bank of Ireland and Anglo Irish. Ulster Bank as a subsidiary may ultimately have been the responsibility of the UK. If I remember right, the Icelandic dispute was due to something like this.

    As for low corporation tax, yes, the Eurozone wants to displace London as a financial centre (probably due to its hold over Eurozone transactions ~75% and to ultimately shift financial centres to Franfurt and Paris).
    London's attraction is low corporation tax, timezone, pro-business legislation and political situation in Europe and with America, not for lack of regulation (which is basically a myth).

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    Quote Originally Posted by Albion View Post
    Bretton woods was abolished under Nixon
    Replaced by the US controlled IMF which during the 1976 sterling crisis

    "James Callaghan came to office in 1976. He was immediately told the economy was facing huge problems, according to documents released in 2006 by the National Archives.[22] The effects of the 1973 oil crisis were still being felt, with inflation rising to over 27% in 1975.[23] Financial markets were beginning to believe the pound was overvalued and in April of that year The Wall Street Journal advised the sale of sterling investments in a story titled "Good-bye Great Britain". At the time the UK government was running a budget deficit and Labour's strategy emphasised high public spending. Callaghan was told there were three possible outcomes: a disastrous free fall in Sterling, an internationally unacceptable siege economy or a deal with key allies to prop up the pound while painful economic reforms were put in place. The US government feared the crisis could endanger NATO and the European Economic Community (EEC) and in light of this the US Treasury set out to force domestic policy changes. In November 1976 the International Monetary Fund (IMF) announced the conditions for a loan, including deep cuts in public expenditure."

    That says Britain is Americas Banana Republic.

  3. #43
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    Quote Originally Posted by Eddie Quist View Post
    Replaced by the US controlled IMF which during the 1976 sterling crisis

    "James Callaghan came to office in 1976. He was immediately told the economy was facing huge problems, according to documents released in 2006 by the National Archives.[22] The effects of the 1973 oil crisis were still being felt, with inflation rising to over 27% in 1975.[23] Financial markets were beginning to believe the pound was overvalued and in April of that year The Wall Street Journal advised the sale of sterling investments in a story titled "Good-bye Great Britain". At the time the UK government was running a budget deficit and Labour's strategy emphasised high public spending. Callaghan was told there were three possible outcomes: a disastrous free fall in Sterling, an internationally unacceptable siege economy or a deal with key allies to prop up the pound while painful economic reforms were put in place. The US government feared the crisis could endanger NATO and the European Economic Community (EEC) and in light of this the US Treasury set out to force domestic policy changes. In November 1976 the International Monetary Fund (IMF) announced the conditions for a loan, including deep cuts in public expenditure."

    That says Britain is Americas Banana Republic.
    No it doesn't retard, it says that America kicked a pathetic labour government into action, essentially mirroring the situation in the Irish republic a few years ago when it was bailed out by Germany and the UK and told bring in austerity. Is Ireland by this logic a Anglo-German banana republic?
    Following the Labour disaster, Thatcher came along and curbed the power of the trade unions, lets failing sectors fail and got Britain working again. Today pound sterling is a major reserve currencies after the dollar, euro and yen, whilst Ireland's measly currency (the Punt - it didn't even deserve to be called 'pound') was abolished so that Ireland could live of the fat of Germany's / Northern Europe's labour.

    You need to choose you words carefully, or maybe a better measure would be to abandon your little crusade.

  4. #44
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    The most surprising thing about this is Ireland has universities.
    Spoiler!

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