Ireland's bailout

[IamSuperDoctor]

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Ireland's emergency €85-billion ($115-billion) bailout package saves the country's financial sector from insolvency.The amounts lent to Ireland can be drawn down over a period of up to seven and a half years, in recognition that Ireland's debt problems are severe and might not be cured quickly (Greece's €110-billion in bailout loans cover a three-year period). This bailout occured in late 2010.

I am interested in what impact this bailout will have on our living expenses, tuition, taxes, and student life. Will it become slightly cheaper to live in Ireland? I have done some of my research, but the forecast seems unclear. If anyone would like to share their 2 cents, go ahead.

Furthermore, since these bailouts are occuring all over europe - what impact will they have on the strength of the Euro?

The Euro is currently trading at 1.35 (EUR:CDN) 2/8/11



http://www.theglobeandmail.com/repo...bailout-shifts-debt-landscape/article1816519/

http://www.xe.com/ucc/convert.cgi?Amount=1&From=EUR&To=CAD&image.x=26&image.y=15

 

[Der Kaiser]

Ireland's emergency €85-billion ($115-billion) bailout package saves the country's financial sector from insolvency.The amounts lent to Ireland can be drawn down over a period of up to seven and a half years, in recognition that Ireland's debt problems are severe and might not be cured quickly (Greece's €110-billion in bailout loans cover a three-year period). This bailout occured in late 2010.

I am interested in what impact this bailout will have on our living expenses, tuition, taxes, and student life. Will it become slightly cheaper to live in Ireland? I have done some of my research, but the forecast seems unclear. If anyone would like to share their 2 cents, go ahead.

Furthermore, since these bailouts are occuring all over europe - what impact will they have on the strength of the Euro?

The Euro is currently trading at 1.35 (EUR:CDN) 2/8/11



http://www.theglobeandmail.com/repo...bailout-shifts-debt-landscape/article1816519/

http://www.xe.com/ucc/convert.cgi?Amount=1&From=EUR&To=CAD&image.x=26&image.y=15

If they were not on the Euro it would likely mean cheaper living expenses, but for living expenses to go down basically the whole EU has to suck. Damn Germany holding up the economy!

 

[IamSuperDoctor]

i would love if the euro dropped, would save me a lot of money. But I guess that would be bad for europe.

 

[Der Kaiser]

i would love if the euro dropped, would save me a lot of money. But I guess that would be bad for europe.

It could be a good thing for Europe, because it means cheaper exports, better trade balance. That is why the U.S. and China are both currently devaluing their currency.

 

[jnuts]

Living expenses have dropped in Dublin during the financial crisis.
http://www.cso.ie/statistics/consumpriceindex.htm

The depreciation of the euro against the dollar has also helped.

 

[asd979]

jnuts,

Could you comment on whether it's practical to own a vehicle if you're attending a program in Dublin? It's not a major concern for me but I think it would be great to travel around continental Europe (via ferry) during holiday and vacation periods while also having the convenience of the car, when needed.

Also, I've been curious to know the monthly costs of a home broadband internet connection and whether the ISPs there cap the monthly bandwidth. While I'm at it, how much is cell phone service?

In Cork I pay around 40-50 euro a month for surprisingly fast home broadband with no limits. For cell phones it's very easy to get a pay-as-you-go phone. I was using around 20 euro for 2 months with Three as my provider. I now have a Blackberry and with the data plan it's around 40 euro a month.

 

[asd979]

Thanks for your input, asd979. I was also wondering whether it'd be advisable to purchase a computer there or ship one from here (my desktop PC is over three years old now). I'm basically thinking that I'd ship my computer (monitor, speakers, tower, etc), clothes/shoes, and memorabilia (e.g. important documents, pictures, etc).

The prices you've mentioned seem reasonable, I assumed cell/internet service would be double that or more.

Shipping has it's cons. One of my classmate's computer was damaged during shipment. If you can get away with just a laptop it's very advisable. I know some people want their desktop because of gaming and other things, but it's definitely a pain shipping things over. I brought two suitcases with me (very packed) and I'm glad I did rather than shipping. I didn't have to go back to pick anything up, and the few things I didn't bring with me were easily obtainable here.

 

[AllenHorford]

im going to RCSI next year,
since we're talking about computers, i was just wondering.
i read somewhere that the college does provide students with laptops?
i always thought i would have to use/buy my own, but is that true?

 

[littleginge64]

im going to RCSI next year,
since we're talking about computers, i was just wondering.
i read somewhere that the college does provide students with laptops?
i always thought i would have to use/buy my own, but is that true?

I have also heard the same thing, but i'm not sure if it is true.

 

[IamSuperDoctor]

im planning on bringing my own laptop, my desktop, and my thin monitor. ill try to take them as carry on baggage.

 

[jnuts]

RCSI gives you a laptop.

im going to RCSI next year,
since we're talking about computers, i was just wondering.
i read somewhere that the college does provide students with laptops?
i always thought i would have to use/buy my own, but is that true?

 

[IamSuperDoctor]

really? what kind? do u have the specs

 

[jnuts]

really? what kind? do u have the specs

It changes every year depending on what deal they can work out. They've been HPs for the last 4 years. They give out a desktop replacement for the pre-clinical years (I've no idea which model) and recently they've given a second one, an HP Elitebook 2530p, for the clinical years. I guess they replace them because it's easier than finding a model that will last reliably for 4-6 years.

 

[slight365]

That's interesting. Must be absorbed into the tuition charges, no?

 

[slight365]

i would love if the euro dropped, would save me a lot of money. But I guess that would be bad for europe.

The Euro only benefitted a select few countries, however, the main pushers of the Euro, like Germany, claim poverty all the time and claim how they've given out more money than anyone else, which is not true. Germany built its exports on the euro plan, at the expense of other countries, and now it acts like moneybags since its own policies were responsible for the Euro instability, which will eventually lead to isolation, especially combined with their other EU policies, defense policies, and the simple fact that surrounding countries still hate them and not only for WWII, but their current activities today.

When the Euro was put in place, it was 30% overvalued, a claim even made by Sarkozy at the beginning of his term, but the Germans shut him down fast. In fact, his campaign plan was to devalue the Euro because it led to the loss of millions of jobs to non-Euro countries. The initial plan was that Germany had a huge debt from the 90s that needed to be paid down. The Euro being overvalued allowed them to instantly pay down their debt with inflated capital, which they wouldn't have done without this plan and the debt forgiveness of the US of a couple years ago.

The Euro plan also has allowed Germany to much more easily commit fairly criminal actions, such as paying Iran despite international sanctions:

http://www.jpost.com/International/Article.aspx?id=214675

So through EIH and illegal international trade, Germany makes a lot of money on the Euro. Pay them, then they will make illegal payments to whomever you want because they throw their EU control around and will not penalize themselves, in effect, the way they've penalized countries like Greece and Ireland in matters similar to what was instituted on Germany after WWI. Germany is looking to compete with other EU and EZ nations and make them less competitive and more dependent on them, something the Swiss and the Norwegians are against. However, the first may buckle and join.

The Euro has ONLY benefited Germany and the long term will reveal that as true. In fact, simply look to where the ECB is and who controls it.

 

[path1finder]

Ill be joining RCSI in bahrain this year, and i gotta say the situation with ireland is putting things at a impasse. Also there are rumors flying around that the NUI degree will be dissolved by 2015..this wud seriously impact RCSI student outside of ireland and with it as well. Student at RCSI around the world pretty much reply on the NUI's Irish accreditation.. hope everythin goes smoothly

 

[kermicrzy]

Found this, not sure if its going to happen anymore since the good old FF are out
http://www.rte.ie/news/2010/0120/nui.html

 

[Pippi]

Check NUI website under New& Events :16/ 03/2011

Chancellor welcomes confirmation that NUI will continue!

 

[path1finder]

Check NUI website under New& Events :16/ 03/2011

Chancellor welcomes confirmation that NUI will continue!

yep that is indeed good new 🙂.