tag:blogger.com,1999:blog-6976144462093297473.post4887931746400985088..comments2024-03-26T19:10:00.791-04:00Comments on West Coast Stat Views (on Observational Epidemiology and more): Beware of pundits bearing ADA argumentsJosephhttp://www.blogger.com/profile/10760453165301871031noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6976144462093297473.post-42751096624296264222011-09-21T03:51:07.408-04:002011-09-21T03:51:07.408-04:00To comment somewhat more deeply on Ireland (as I a...To comment somewhat more deeply on Ireland (as I am Irish), the irish problem arose from a property boom which was stoked further by low euro interest rates, and an overdependence on sale taxes on property to fund the government. This (once off) money was then put into extra wages for public servants and tax decreases, which caused a lot of problems when the property boom collapsed.<br /><br />Then, the government decided to guarentee all banking debts and one of those banks (Anglo Irish) was completely insolvent, which meant that the EU refused to allow the money to be put into it to be treated as an investment, adding 20 billion to the debt in one year, thus spooking the bond markets and triggering IMF/EU intervention.Disgruntled PhDhttps://www.blogger.com/profile/00926204336056169207noreply@blogger.com