Pearse Doherty’s plan to tackle interest rates

10 comments

  1. I’m also meeting my local Tesco grocery manager to discuss what can be done about the poor supply of tomatoes coming from Mediterranean countries.

  2. He’s meeting the Central Bank? What exactly does he expect them to do? Interest rates are controlled by the ECB for a start. Has this man the slightest idea of what he’s talking about?

    “Ah sure fair enough Pearse, we’ll go against the ECB and cut the the interest rate for Irish mortgage holders, taking us completely out of step with the remainder of the EU , because you asked nicely”

  5. The ‘idea’ is populist, and ill considered, so it checks out. Not Donegal’s greatest contribution to the political sphere. His Tweet is almost a cry for help, wrapped in faux concern.

  6. The Central Bank is a regulator of Irish banks. They have some influence on the spread between the ECB base rate and the rates charged to Irish borrowers and the terms of loans, so it’s not a bad idea to talk to them.

  7. Even if he could (he can’t) , interest rates are rising to tackle rising costs, so he’s essentially trying to help anyone on a tracker mortgage that’s a gobshite and still hasn’t locked their interest rate down, to fuck over everyone else who’s dealing with the rising costs of everything

  8. We tired uninstall Intrest rates after tbe 08 crises and it just made the game unfair and buggy,

    Now that the meta has shifted, we need them back but it makes the game very difficult for new players.

    We need to nerf the top players to balance things out but the developers are afraid to anger them so it’s probably never going to happen but they have to throw some bones at the new players or they might band together and start playing a diffrent game.

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