Keep to an idea of grandeur.

As the Debts Spiral into a conundrum it is always a good idea to start with a review of the figures. Ireland owes 535 billion in debt approximation 10,000 Euro per head population towards debt repayment at present. Ireland currently owes the following countries UK 109 bn, Germany 101 bn, Us 50.5 bn, Belgium 39.5 bn France 36.5 Japan 19.8 others respectively Asia 178.7 bn. As Ireland lost its credit grading rate it is seen as a huge risk to lend to in the International bond market it perceived as one of the possible default countries. This pushed bond yields’ to an all time high with compound interest rates of near 10% making it impossible to borrow or repay. But the most important factor being Ireland has gone into a debt cycle it is borrowing to survive both to meet its bond repayments and to meet its day to day expenditures. There is an apogamic atmosphere Ireland hopes for respect with in international affairs has been caught by the economy change while in a deflationary phase. It doesn’t give Ireland’s “small economy” a chance to recover while been restricted by a spiralling debit. Ireland's crisis creditors need repayments quickly as there economies have been caught in this same debt second dip economic debt cycle. But debt repayments need time to be repaid, while growth returns into the economies. This allows growth to change crises into a normal rationale movement of credit. Germany owes only a nearly "Two Trillion euro" that over 20,000 euros per head of population in simple terms 2600 every second added in interest alone. Germans hope for quick resolution to this unforeseen financial collapse that has been dogging the Euro zone for four years as Germany public find they have to fund this infuriating situation without as much as a thank you. If Ireland requires another 40 bn, humble worth of a bailout, the debt clock even being repaid requires another 8 billion out from it. The German Taxpayers association (BdS) the operator of the debt clock said the public of Germany contacting them are concerned. In Ireland the central bank owes 10 bn, Irish banks owe 46 bn, and private Irish institutions owe 118 bn, respectively. German public are worried that Germany is becoming transfer nation allowing its generated wealth to leave Germany. German capital exposure to Ireland stands at almost 1.2 trillion it hopes to nurse back a sublimed market partner quickly into a recovered state of repayment. Need I tell the readers this is not a glamorous situation which Irish public are willing to make sacrifices for? Ireland always holds German values as there highest priority. While hoping to retain an ecumenically governance, maybe this is a compromise that will nurture the future trading alliance and not just a collapsed of empty silences. Book club has suggested maybe the need for a change to the current strategies and not just giving total freedom to capital spending with in financial institution sector. In the process of capital spending running out of control there is always a "facilitator to a feeder". As costs sore request from institutional banking have not been met, this pushes the cost up into a new feeding frenzy of hemorrhaging capital. Probably comes as part of state banking a well! ouch. Varied solutions have been suggested, such as a devaluing of the euro and allowing the printing of more Euro currency true out the euro zone. It is hoped this will boost G.D.P. until growth stabilises. This is but one theory. Laughing and playing avoidance among leadership only prolongs an already instability. The European union has to lead by showing a strong European frame work. This is good way forward and prudent in the face of market uncertainty. European unity showing an active resilience, with a prudence with in an uncertain euro zone. Its reminds me of a humorous statement. Where to Island nations were looking into a hole and one islander pushed the other in. The one that had been pushed in, asked for a rope to get out of the hole predicament. The first been distressed alone decided on trowing down a rope. The Latter islander pulled the first fellow in. "saying your smaller you can dig the both of us out"!