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Allied Irish Banks plc Message Board

  • colorado_dude4u colorado_dude4u Oct 28, 2008 12:26 PM Flag

    Iceland govt guarantees 18% now

    The Central Government in Ireland should also massively raise rates....Ireland must develop stronger relations with it's neighbor to the northwest and with all of Scandinavia. But noooo...they still somehow hang on to the coat strings of the British!!!! The Ultimate sado masochistic relationship. I suppose in the end it's a cultural thing???

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    • What has govt rates in Iceland anything to do with Ireland?
      Ireland is in the Euro zone and cannot raise interest rates as that is the job of the ECB. And as for the relationship with England, you do realize they use the £ pound as their currency, not the euro, so there is no currency link.

      • 1 Reply to aegwal
      • Thanks and that's the problem with Ireland - they should never have adopted the Euro. They aren't even geographically part of Europe - well barely. The made a mistake in so many ways about the Euro and now they are paying dearly for it as the Euro is falling like a rock. Sweden for example has vowed NEVER to adopt the Euro and they even put it in the Constitution. SEK will do just fine and they want to keep their economy intact!!!! Ireland has weakened itself with Euro association - a wekness far worse that their political estrangement from the UK. It is of note that IOM is one of the most staunch anti-euro areas - no they are not Irish (before you correct me in a boring way - your post is torpid by the way) but quite close.
        Your post is factual but it is does not answer any of the points raised by mine nor does it inform on the current or future state of AIB. You might want to do more research on this bank and come out with a really good encapsulation for us since you seem to have a handle at simplisitic factual regurgitation anyway.
        But having said that, it is always a more interesting read to get some interpretation of the "fact" or at the least commentary about how they might relate to the subject at hand which is the Irish financial system.