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Can England really afford to help Ireland?

Posted by Mahir Prasad on 00:44
Following a month of announcements about the various budgetary cuts, the last thing the British taxpayer wanted to hear was more money being taken out of their pocket.

Unlucky for them though that’s exactly what they woke up to today, when Chancellor George Osborne confirmed to the BBC that England would be dishing out around £7 billion to help the sinking economy of the Republic of Ireland.

Osborne’s announcement is a puzzling one considering the amount of money they are proposing to loan to Ireland is similar to the amount the Government want to save this year.
So then why hand out the loan when you clearly have a financial crisis of your own?

Need to help Ireland

Prime Minister David Cameron defended the decision to bail out Ireland saying, “We export more to Ireland than we do to Brazil, Russia, India and China combined. Our banking systems are linked, our finances and economies are very linked so of course we stand ready to help.”

As the Guardian very rightly pointed out in an article a few days ago, a stable Irish banking system is crucial to the UK.

Not only because Ireland is its fifth-largest export market for Britain, but also because state-backed banks like the Royal Bank of Scotland and Lloyds have loaned up to £53 billion to Irish companies and individuals.

So if these debtors default on their loans then the UK could soon be where Ireland is today.

It’s the Euro zone’s problem

However, despite the obvious reason to bail out Ireland, the Government is being criticized for helping a country whose economy aids the Euro.

Conservative backbencher Douglas Carswell told the BBC: "We shouldn't be paying to help keep Ireland in the euro. If we are going to pay to solve this crisis, we should be helping to pay Ireland to quit the euro.”

Experts like the Telegraph’s Daniel Hannan believe that Ireland is where it is because it gave up its individual currency and joined the Euro zone.

Chancellor Osborne though responded by telling the BBC, “Ireland is our very closest economic neighbour. I judged it to be in our national interest to be part of the international efforts to help the Irish.”

He also stressed that Britain does not want 'to be part of a permanent bail-out mechanism for the euro'.

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Realisation of a Blogger

Posted by Mahir Prasad on 04:39
It is not suppose to be this hard!

For the last 10 minutes I have been sitting in front of my laptop staring at a blank white screen with the cursor line blinking constantly, taunting me, mocking me with every blink.

Writing is suppose to be easy, writing my thought down is suppose to be a piece of cake!
Then why is it that every time I sit down to blog all my thoughts, opinions and comments go rushing out of my mind.

All I am left with is that damn mocking cursor blinking away.

After the 15th minute passes without a single word on my screen I start to wonder, "What is the point!"

Who is really interested in my thoughts? Why should anyone care what I think of?

With my self confidence shredded to threads I decide to give up and hit the sack and then it dawns on me...

I have over 200 words on my screen telling me exactly what I think of blogging!

So I end just as I started, blogging is not suppose to be this hard, and you know what it is not! All you need is a first line and the rest just seems to follow!

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Around the World in Five hours

Posted by Mahir Prasad on 13:46
From the bustling streets of New York to the Land of the Rising Sun in under 5 minutes. No I am not Superman, I am just a fascinated visitor to the World Travel Market.

Picture By: Laura Geisswiller
Staged annually in London, the World Travel Market is a hot spot for anyone associated with the travel industry or a travel enthusiast like me.

Launched in 1980, the travel market has grown in popularity as the years have passed, with over 24,000 people landing up at the ExCeL arena in London for the 4 day fair.

For those who belong to the industry the fair is a fantastic place to hobnob with their peers and make some valuable contacts.

However, for a general visitor like me, the travel market is a one stop shop for deciding the best destination for your next vacation, as well as soaking in some culture from around the World without even getting on a plane.

I spent my afternoon sampling some fine Caribbean rum while chomping on the word famous Belgian chocolates.

But most importantly I spent my time meeting delegates from all around the world who were present to promote their countries as a potential winter get away.

Overall the fair was a experience I am glad I had, even though it involved me traveling all the way across London, and I would definitely advise you catch it when it returns next year.

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