Spiegel Online repeats Wall Street Journal reports "from insiders" that central banks around Europe are preparing for a break up of the eurozone - even looking into where they can get revived national currencies printed - in particular the Irish central bank are looking into where they can print new money in case in "in the short term they have to introduce a national currency"
Karl Deeter writes on the myhome.ie website about the benefits of equity partnerships for home owner-rentership… Could changing the way we purchase and own property make a difference? In the current market developments are designed to sell rather than serve as an instrument of long term cash flows, the conundrum for sellers and NAMA alike [...]
In summary, this plan may end up being the only way out of a vessel heading for the rocks. We must keep it in mind given that our European leaders’ bloodymindedness has put, and keeps, a whole Continent on the rock-bound path. But it is not time yet to adopt it. For it will come at an incredible human cost; a cost that can still be averted (assuming that I am right in saying that the point of no return has not been reached – yet). We still have a chance to storm the bridge and change course. Failing that, a plan like that by Mosler and Pilkington may be the equivalent of our lifeboats. We should, however, always keep in mind that our lifeboats will be launched in icy seas and, while stranded on them, many will perish.
Ireland After NAMA's view is that the Irish crash will be nearer to Japan’s experience than Finland, with property prices unlikely to rise to peak 2007 prices for at least another ten to fifteen years, and longer for some parts of the country. There are six reasons why.
The Irish economy needs stimulus and the most effective way to do this is to implement an immediate jobs program backed by newly issued, low-yield tax-backed Jobs Bonds. This will provide the financing necessary for such a program without adding to Ireland’s already substantial interest burden. [...]
New Economic Perspectives have linked to Vincent Brown on TV3. It is worth reading the comments re Auerback's proposals of 'leave the Euro'; and temporary 'per capita distribution of ECB funds'.