Irish Bonds and the ECB - Bond Sales Watch - the Risk of Sovereign Default

[antiestablishmentarian]

Cameron et al will regret that when it emerges that FF and the banks haven't been fully forthcoming about the scale of the problem. Plus, any move to bail out Ireland would need to bail out Portugal too, then Spain sortly after that, and if they go, the eurozone will be thrown into question.

[DCon]

Rumours of a EUR 80 Billion bailout are being twittered

UNCONFIRMED: Rumours Medley have published a report suggesting that there will be an EUR 80B bailout of Ireland next week.

http://twitter.com/humenm

[TotalMayhem]

Rumours of a EUR 80 Billion bailout are being twittered[/URL]

It's not a f***ing bailout, it would be just another "loan" (that will effectively double our sovereign debt, mind you) to be paid back at 6% interest. Of course the bear share of it will be used to cover for 'bank losses'.

[ang]

We do have choices. We are just not exerting any at the moment.

Even Joan Burton is against default - we have a political caste who are all in agreement that the population of this country is an asset to be sold off to the markets. They simply don't want to look at the options.

The British GDP debt is also not repayable.

The Irish problem is only a smell eruption on the back of something much bigger.

Oh yes there are choices but none of our politicians are prepared to even consider them.

That leaves us without any say in how this crisis should be dealt with.

The Eu have just done a Lenny and guaranteed all our debts on the back of the already bank burdened Irish taxpayer.
Years of austerity await us.

No matter about there being other choices, they are not being offered to the people, our masters have spoken.

[C. Flower]

Oh yes there are choices but none of our politicians are prepared to even consider them.

That leaves us without any say in how this crisis should be dealt with.

The Eu have just done a Lenny and guaranteed all our debts on the back of the already bank burdened Irish taxpayer.
Years of austerity await us.

No matter about there being other choices, they are not being offered to the people, our masters have spoken.

They didn't ask us about that and they have done it at their own risk.

[DCon]

It's not a f***ing bailout, it would be just another "loan" (that will effectively double our sovereign debt, mind you) to be paid back at 6% interest. Of course the bear share of it will be used to cover for 'bank losses'.

Yeh. We are where FF have taken us.

Their desire to keep Sean Quinn wealthy, and the big Anglo customers free from bankruptcy will kill the Nation

[DCon]

It's alright folks.

Eamon Ryan says that "we" will get the budget through and this will bring borrowing costs down.

Eamon would know.

[Ah Well]

******* Lenihan just now saying on Radio 1 it's not the Gov's fault at all. These FF types just beggar belief. Would make one want to do physical things to 'em which would not be recommended.

Shower of £$%%^%$£"$"£R$£ !!!!!!!!!!!!!!!!

[Apjp]

Brian Lucey - Twitter

@paulyb63 @gtcost @davidmcw we've been red carded. IMF now would be best thing govt could do , make the call on way to park #gameover

I think Brian Lucey should get up off his arse and be creative. MCW does not want the IMF or the EU-he is encouraging debt forgiveness and mortgage payemnt suspensions as well as equity swaps-just like dieter is. Merkel is only right on one thing-investors should take a hit. That is capitalism by it's own rules. Then, after armageddon, we can start again. I really should ask my old economics lecturer about this-haven't talked to him in a while. He is a marxist so would be the most objective type of analyst-but he is pro-euro. I am not, that is where we differ. If I were running the DOF-at this rate anyobne who has any notion of economics has more credibility than the DOF itself-I would make mcwilliams general secretary, call in my lecturer as central bank governor, and keep on elderfield at all costs. I would also hire as many young creative finance graduates as possible-have a rigourous interview process so we get the best people running the show-not jimmy who traded his way to a small fortune on iseq or some mate of a senators.

[Apjp]

Lenihan is so mesmerised by "the markets" that he has overlooked the fact that Merkel is telling him that she doesn't want to bail Ireland out.

exactly-if investors take their hit, we may not need one. Life goes on without borrowing all the time. We are a resilient people-we will find a way. Dont listen to the spin kings, but dont let bigger countries bully us either.

[ang]

******* Lenihan just now saying on Radio 1 it's not the Gov's fault at all. These FF types just beggar belief. Would make one want to do physical things to 'em which would not be recommended.

Shower of £$%%^%$£"$"£R$£ !!!!!!!!!!!!!!!!

Yes I heard that and tbh I felt so angry listening to it. No accountability whatsoever.

Also the bit where he said if we read Angela Merkels statement correctly we would see that she believes setting up NAMA and bailing out banks were the correct approah the Government had taken.

How far removed from reality are these people ???

[Apjp]

One of you says the EU will not let Ireland stand alone. Ireland must stand alone! We will never have a proper economy if we cannot run our own affairs. We must get rid of FF nad FG-and not vote labour if they only want to throw us to the wolves too. We need a huge move left, and real talent in government(people like mcwilliams, people like my old economics lecturer-professionals not buffoons who cronied their way to the job)-and we need to default and figure out how to run the show on our own tax receipts. I would quite happily take a 50 percent grant cut if it meant achieiving a sustainable economy, and having a government that served the public interest in place. I encourage the rest of you to find a party not within the establishment that cares only about what other countries think of us. I do not want German, French or English money. I do not want an economically betrayed and enslaved country-I want economic freedom. How do the media and the main three parties know we cannot run the country without borrowing and without being in the euro? Why would you believe them? These debts are not our debts. They are the governments, and the bondholder's. We should bail out struggling households-and that is it. We own the banks-all you have to do is underwrite some of the debt.

[DCon]

One of you says the EU will not let Ireland stand alone. Ireland must stand alone! We will never have a proper economy if we cannot run our own affairs. We must get rid of FF nad FG-and not vote labour if they only want to throw us to the wolves too. We need a huge move left, and real talent in government(people like mcwilliams, people like my old economics lecturer-professionals not buffoons who cronied their way to the job)-and we need to default and figure out how to run the show on our own tax receipts. I would quite happily take a 50 percent grant cut if it meant achieiving a sustainable economy, and having a government that served the public interest in place. I encourage the rest of you to find a party not within the establishment that cares only about what other countries think of us. I do not want German, French or English money. I do not want an economically betrayed and enslaved country-I want economic freedom. How do the media and the main three parties know we cannot run the country without borrowing and without being in the euro? Why would you believe them? These debts are not our debts. They are the governments, and the bondholder's. We should bail out struggling households-and that is it. We own the banks-all you have to do is underwrite some of the debt.

McWilliams was asked this morning if he would go into Politics

He said he would love to serve his country but he could not be a Politician under the current system. He said he would want to design policy, not talk to constituents about their potholes.

The system needs to change before we will get the Politicians we need. Which is why the current crop will never change it..

[Ah Well]

McWilliams was asked this morning if he would go into Politics

He said he would love to serve his country but he could not be a Politician under the current system. He said he would want to design policy, not talk to constituents about their potholes.

The system needs to change before we will get the Politicians we need. Which is why the current crop will never change it..

Sense ...

[Apjp]

McWilliams was asked this morning if he would go into Politics

He said he would love to serve his country but he could not be a Politician under the current system. He said he would want to design policy, not talk to constituents about their potholes.

The system needs to change before we will get the Politicians we need. Which is why the current crop will never change it..

well we must get the right people inside to change it. i am afraid we can only do that with GE's, and tbh councillors are lobbied more than TDS about potholes and road problems-i should know i am a community writer who does the lobbying!!! TDs are more responsible for employment, goods, public services and crime problems. Bigger local and national problems.