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This link recently saved by jm on December 09, 2010
In a private phone call this week with hedge funds and other investors from across Europe, the EU team which negotiated Ireland's rescue package, reassured the firms that senior bondholders cannot be burned as part of the €85bn rescue package, even if Fine Gael and Labour seek to reopen the question.' Argh! this makes me so angry
This link recently saved by jm on December 06, 2010
This link recently saved by jm on December 05, 2010
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This link recently saved by jm on December 01, 2010
'The Irish “program” solves exactly nothing – it simply kicks the can down the road. A public debt that will now top out at around 130 per cent of GDP has not been reduced by a single cent. The interest payments that the Irish sovereign will have to make have not been reduced by a single cent, given the rate of 5.8% on the international loan. After a couple of years, not just interest but also principal is supposed to begin to be repaid. Ireland will be transferring nearly 10 per cent of its national income as reparations to the bondholders, year after painful year. This is not politically sustainable, as anyone who remembers Germany’s own experience with World War I reparations should know. A populist backlash is inevitable.'
This link recently saved by jm on September 07, 2010
Bock on the predictably-crap biz-waffle results from the YCYC "get Ireland back on track" competition. 'If we don’t take this seriously, we’re doomed to repeat the current economic disaster over and over again, each generation with its own Bertie Ahern, its own Seanie Fitzpatrick, its own Fingers Fingleton, and all the other assorted, integrity-free panhandlers and parasites who have soiled the reputation of this country and sold us down the Swanee for their own, ignorant, self-serving enrichment. Forget about Eamon Ryan’s smart economy. Let’s put all our effort into creating the Honest Economy.'
This link recently saved by jm on September 22, 2009