did anyone see Dobbo v Lenny on the news, I half saw it as I was in the middle of the dinner
Yes, I saw it.
The main thing to come out of it was the funny way Lenihan says ‘Tuesday’.
“The European Finance Ministers only met on Chooseday”.
A cunt who is right about the euro though.
The worst of it all is that the cheese relief did nothing
The guardian are reporting that a “defiant Dublin” is refusing to budge on corporation tax. That’s nice. Presumably the schools and hospitals are long gone.
I can see egg sales being very good over the next few months. This will provide growth within the industry leading to new jobs. Excellent work by the Government.
The Torygraph is depicting us as monkeys and calling for the reintroduction of the Corn Laws.
I knew this was bad but in the last few days over here its been on every radio station i’ve listened to in the morning and evening. Its also taking up a sizeable chunk in the papers. God only knows what the meeja coverage is like at home if the brits are going bananas about it.
At this stage you have to be realistic about what our options are. We need to look at inciting the British into re-occupying us, allowing them to rebuild our economy, then taking to the hills with our lee enfields and writing a load of songs about it. It worked before.
Apparently the aim is to have the IMF out in time for the 2016 centenary of the Rising
As far as I remember the target figure for growth in the economy per year when they announced the 15 billion in cuts was 2.75%. It suddenly became 1.75%. Either they’re lying or they can’t count.
Serious question. What would be that bad about a collapse of the Euro or a collapse of the EU even? Most of it is a pile of shit.
Biffo takes it up the arse:
European integration is not suddenly a bad thing. Removing tariffs, common travel and work zone are good. I think the Euro can survive but the ECB needs total reform.
We need to change what we can control. The merge of BOI and AIB and the transfer of all deposits from INBS and Anglo to a new functioning bank would be a good start. All performing loans transferred to new bank all the shit fucked into NAMA including Anglo and INBS.
This flight of deposits has to stop. The above imo would be a good start and calm the markets.
If we play our cards right in 10 years this could be us… :blink:
Argentina to repay debt without IMF review
By Jude Webber in Buenos Aires
Published: November 16 2010 16:46 | Last updated: November 16 2010 16:46
Argentina has won the green light from western governments to negotiate repayment of some $7bn in defaulted debt without an International Monetary Fund review of its accounts, but rules out settling its bill in one year.
Cristina Fernández, the president, announced in a televised message to the nation on Monday night that the 19-member Paris Club’s decision to relax its rule that debt restructurings be accompanied by an IMF programme, meant “God willing, next year we can definitively emerge from default”.
Argentina has spent nearly a decade as a financial market pariah since its default on nearly $100bn in 2001, for which it blames IMF-prescribed policies. But after a tough bond restructuring this year, only about 7 per cent of bonds remain in default, and the spotlight has shifted to Argentina’s Paris Club arrears.
The Paris Club, born out of a meeting between Argentina and its creditors in Paris in 1956 to avert an Argentine default, includes the US, Germany, Spain and Japan among its members and Argentina expects a deal to unlock stalled multi-million dollar investments by companies from member countries.
Negotiations now begin on the size of the total debt, which has swollen to some $8bn by some calculations when interest is included, and the time frame for repayments. Argentina is reportedly interested in making payments twice a year over five years.
But Amado Boudou, the economy minister, said the Paris Club could forget about Argentina paying everything back in one year. “I can already tell you it’s no,” he said, when asked if a year was feasible.
“We’re going to reach a deal that we can stick to, that allows Argentina to grow over time,” he added. Preserving growth, which is forecast at 9 per cent this year amid a consumer spending and agricultural commodities boom, is a key objective ahead of October 2011 elections.
Ms Fernández said it would be a “realistic negotiation”.
Argentina had announced in 2008 that it was planning to use central bank reserves to pay back the Paris Club in one go – much as it had two years earlier, when Ms Fernández’s late husband, former president Néstor Kirchner, settled Argentina’s account at the IMF and slammed the door behind him, vowing never to return. But the global financial crisis erupted soon afterwards and the plan was shelved.
Mr Boudou defended the government’s decision to resist any oversight from the IMF, saying “in Argentina, we know what happens when the IMF sticks its nose in”.
Argentina is the only G20 member not to submit to annual IMF “Article IV” reviews. Scrutiny of its public accounts could make it squirm – inflation and other data have become discredited over the past three years amid widespread suspicion the government fudges the figures to conceal price rises that are more than double the officially acknowledged rate.
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TFK Exclusive
Sources Close to Julio have indicated the possibilty of one of the UK Banks taking out one of the Irish banks possibly as soon as Sunday.
No more details. All very hush hush
:ph34r: :ph34r: :ph34r:
Statement Ends
Its Anglo isnt it…