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Thread: €110BN Greece bailout agreed

  1. #1
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    Default €110BN Greece bailout agreed

    EU has agreed that Greece bailout for €110BN is done and agreed by all EU members. I wonder how on earth as to how Ireland would be able to fund this out of their own budget??

    EU agreed to bail out for €80Bn and IMF €30Bn.


    Link:http://www.examiner.ie/breakingnews/...ed-456154.html
    Last edited by disability student; 02-05-2010 at 09:25 PM.

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    Default Re: €110BN Greece bailout agreed

    We should give generously. It will look good when we ask for our own IMF Intervention.
    The first robot president won by exactly one vote. Ah, yes! John Quincy Adding Machine. He struck a chord with the voters when he pledged not to go on a killing spree. But, like most politicians he promised more than he could deliver.

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    Default Re: €110BN Greece bailout agreed

    Quote Originally Posted by BrendanGalway View Post
    We should give generously. It will look good when we ask for our own IMF Intervention.
    €1.3 billion is our share.

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    Default Re: €110BN Greece bailout agreed

    Interesting snippet from that article...

    'Spain’s finance minister, Elena Salgado, noted that Greece was a “special case” because the country has admitted faking its budget statistics in past years'.

    Greece should be thrown out of Eurozone.

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    Default Re: €110BN Greece bailout agreed

    In for a penny, in for a pound.

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    Default Re: €110BN Greece bailout agreed

    Quote Originally Posted by disability student View Post
    Interesting snippet from that article...

    'Spain’s finance minister, Elena Salgado, noted that Greece was a “special case” because the country has admitted faking its budget statistics in past years'.

    Greece should be thrown out of Eurozone.
    careful what you wish for.

    I would hate to know how our economy has been mis-represented by Lenihan and FF over the past few years.
    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

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    Default Re: €110BN Greece bailout agreed

    The markets seem a bit underwhelmed by the deal ...

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    Default Re: €110BN Greece bailout agreed

    Looks like Angela is going for a treaty as some of us had been predicting:-

    Using google translater here:-

    Merkel, Westerwelle and Finance Minister Wolfgang Schäuble, presented on a set of demands, which should now be discussed at the EU level. This debate forms part of a treaty, a ban on trade in certain derivatives, the wide introduction of a bank levy and stronger checks and the EU statistics agency Eurostat said Merkel. One must not only fight the fire, but also the cause of the fire, warned Westerwelle. What is needed are more rigorous control of budgetary policy of the euro countries, but also penalties for violation of the guidelines. The construction of a European rating agency, and tighter controls such credit rating will have long debated at European and international level.
    http://de.reuters.com/article/topNew...6420AY20100503

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    Default Re: €110BN Greece bailout agreed

    Quote Originally Posted by ang View Post
    Looks like Angela is going for a treaty as some of us had been predicting:-

    Using google translater here:-



    http://de.reuters.com/article/topNew...6420AY20100503
    Well spotted. Worth a new thread.

    It also says that there will be a number of people in Germany going to court to try to get an injunction against the bail out. The Courts in Germany are independent enough for it to go either way.
    Last edited by C. Flower; 03-05-2010 at 10:12 PM.

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    Default Re: €110BN Greece bailout agreed

    Quote Originally Posted by ang View Post
    Looks like Angela is going for a treaty as some of us had been predicting:-

    Using google translater here:-



    http://de.reuters.com/article/topNew...6420AY20100503
    FF won't like the extra scrutiny.
    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

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    Default Re: €110BN Greece bailout agreed

    Oh they will hate it Dcon

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    Default Re: €110BN Greece bailout agreed

    Lenihan says that we will make money from the Greek Bailout

    04/05/2010 - 19:16:58
    The Finance Minister Brian Lenihan has said no additional borrowing will be required by Ireland to fund the bailout for Greece.

    Mr Lenihan also said Ireland will make a profit on the €1.3bn to be loaned over the next three years.

    He briefed the Cabinet this evening on the €110bn bailout agreed with Europe and the IMF.

    Mr Lenihan said Ireland will not lose out on this in any way.


    Read more: http://www.breakingnews.ie/ireland/lenihan-ireland-will-profit-from-greece-bailout-456371.html#ixzz0n0H8AYFN

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    Default Re: €110BN Greece bailout agreed

    Quote Originally Posted by C Flower View Post
    Lenihan says that we will make money from the Greek Bailout

    04/05/2010 - 19:16:58
    The Finance Minister Brian Lenihan has said no additional borrowing will be required by Ireland to fund the bailout for Greece.

    Mr Lenihan also said Ireland will make a profit on the €1.3bn to be loaned over the next three years.

    He briefed the Cabinet this evening on the €110bn bailout agreed with Europe and the IMF.

    Mr Lenihan said Ireland will not lose out on this in any way.


    Read more: http://www.breakingnews.ie/ireland/lenihan-ireland-will-profit-from-greece-bailout-456371.html#ixzz0n0H8AYFN
    With all these profits coming our way, the boom will be back in no time.


    Under this plan, the Minister for Finance Brian Lenihan TD estimates that the new agency will do more than break even at the end of 10 years. He is predicting that NAMA will turn a profit of €5.5bn by 2020.

    According to the business plan, NAMA will emerge at the end of a decade with net cash of €5.5bn or a ‘net present value’ of €4.8bn.
    http://www.businessandleadership.com...ays-government
    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

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    Default Re: €110BN Greece bailout agreed

    Quote Originally Posted by C Flower View Post
    Lenihan says that we will make money from the Greek Bailout

    04/05/2010 - 19:16:58
    The Finance Minister Brian Lenihan has said no additional borrowing will be required by Ireland to fund the bailout for Greece.

    Mr Lenihan also said Ireland will make a profit on the €1.3bn to be loaned over the next three years.

    He briefed the Cabinet this evening on the €110bn bailout agreed with Europe and the IMF.

    Mr Lenihan said Ireland will not lose out on this in any way.



    Read more: http://www.breakingnews.ie/ireland/lenihan-ireland-will-profit-from-greece-bailout-456371.html#ixzz0n0H8AYFN
    Really no additional borrowing such as €1.3BN??? They will have to find some leeway in their budget to extract €1.3bn. It seems to me that Lendahand had been porking as before. He told lies before.

    Why should we believe him??

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    Default Re: €110BN Greece bailout agreed

    Quote Originally Posted by DCon View Post
    With all these profits coming our way, the boom will be back in no time.




    http://www.businessandleadership.com...ays-government
    Apparently we owe Greece 0.8 billion so that would hardly lead to a profit on all of the 1.3 billion.

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