Archive for the ‘Banks’ Category

Fear Makes You Dumb

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Fear Makes You Dumb.

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Simple Solutions #2: The Greece Issue

In this series I posit some unconventional/ will-never-be-tried solutions to problems of our times.

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THE PROBLEM: Greece is going bankrupt and needs money.

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THE SOLUTION: Have a holiday!

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Instead of giving/loaning Greece billions of euros, European governments should commit a certain percentage of their populations to take a holiday in Greece each year for the next X number of years.

eg. 10% of the Irish population will holiday in Greece over the next 3 years.
2% of Germans will holiday in Greece over the next 3 years.
3% of French people will holiday in Greece over the next 3 years.
etc.

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This brings money to the people of Greece themselves, who then spend it and it filters up the chain to banks and governments.

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EU countries can offer incentives to their own people to go to Greece, thus ensuring the numbers -eg. “Buy a holiday in Greece and we won’t charge you VAT on the purchase!” …this can also boost businesses in their home countries, by encouraging ‘local’ travel agent holiday purchases rather than internet sales so as to verify the deal.

Also, it lends confidence to the financial market as it is a verifiable income to the country of Greece for the next number of years.

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Greek people get money and goodwill. Other Europeans get a holiday in a lovely part of the world.How bad? It sure as hell beats forking out a fortune and praying it comes back some day.

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If the Greek infrastructure isn’t up to the influx of travellers well they’ll just have to build more infrastructure -and how bad will that be?

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Of course this won’t be adopted because: It’s unconventional. It doesn’t directly involve single vested interest groups (eg. “The banks”, “The government”), but instead relies on individuals throughout the EU.

It seems obvious to me that the banks and the governments are the last ones to fix these problems (on their own at least), but who the hell listens to me?

Huh?

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How much is a billion?

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1 billion = 1,000,000,000 = 1,000 million  (in European terms)

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1 billion seconds = 11,574.074 days = 31.79 years (start counting now)

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1 billion inches = 15,782.83 miles (roughly the distance from Dublin to New York, then back to Dublin, then back to New York, then back to Dublin, then back to New York)

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1 billion people = roughly the population of the USA x 3

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1 billion acres = roughly seven-and-a-half times the size of France

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EMERGENCY WHIP-AROUND!

I urge you to heed what I’m saying. This is serious people. The world is on the brink and we all need to row together and prop each other up where we can.

That is why I am leading a campaign for an informal whip-around for one very special person. I’m sure you have a leaky tap you were looking to replace this year or were intending to buy a steak or some lamb chops this month or maybe you felt flathulach and thought you might splash out on a new pair of shoes (?)

But before you spend those coppers in your pocket, please please please spare a thought for the chairman of the Bank of Ireland, Mr. Brian Goggin, who I just heard on the radio. He expects to earn under 2 million euros this year.

Surely we can’t let this happen to a man who took home more than 2.9 million last year. I mean, that’s a 33% paycut!!

So, if any of you are rich on redundancy or were suddenly paid part of an invoice due to you two years ago, perhaps you could mosey on over to your nearest Bank of Ireland branch (if it hasn’t been closed during the streamlined Celtic Tiger years) and put a little something in an envelope for Mr. Goggin. You can trust Bank of Ireland to know what to do with it.

Give a little now. It will help a lot.

(They’ll be back for the rest later on.)


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