the stick would appear to have been turned sideways
I’m off to burn down the EU embassy. Fucking cunts.
Statement released by Gilmore below. If he were to support SF’s call of no confidence in the Taoiseach anyone any idea as to when that vote would be held and could it still prevent this deal from going ahead. Of course he should have supported it long ago but anyway…
This deal announced this evening with the EU and the IMF is a national sell out that will leave the citizens of this country with a crippling level of debt for years to come, while the majority of the international bondholders are required to make no contribution at all.
The rate of interest accepted by Fianna Fail is penal and is significantly in excess of the rate that Greece was required to pay. The Irish people will now have to come up with annual interests payments amounting to billions of Euro.
The National Pension Reserve Fund is effectively to be cleaned out and the contents handed over for the benefit of the banks.
The Fianna Fail government has shown no backbone, no negotiating ability and no authority. The EU and the IMF have had a walk-over in negotiations with a broken and demoralised government, that is serving out its notice and which has neither the political mandate or the moral authority to conclude such a deal.
The problems we have been experiencing are fault of the Irish Government, not of the Irish people. Ireland has obligations as a member of the Eurozone to fix the problem, but European solidarity is a two-way street and this government has failed to secure a fair bargain for Ireland.
If ever we wanted confirmation that the Lenihan bank guarantee of September 2008 was the biggest misjudgment in the history of the state, then this sorry deal provides it.
This a sad and sorry day for our country and the direct result of Fianna Fail mismanagement and irresponsibility.
It’s a case of when not if. Same with Greece. Portugal will need a bailout. Spain probably will too. Italy? Where does al this bailout money come from?
Anybody still think Europe is good for Ireland?
Anybody still think that letting the banks go to to the wall would have resulted in worse situation? What part of the phrase “black hole” do people not understand?
A default is inevitable anyway. This is a dark dark day. How could national representatives sign up to such a deal. Cowardly cunts.
for fuck sake Sid above all the posters here I’m the one most likely to say Europe is good, the Germans are a decent crowd really by the way them across the water have their own debt crises too as do the French we aren’t the only ones, but on your point about Spain can they/ we afford to bail them out??
I think the public were sold a pup during the bank bailout not because we didn’t know how bad things in the banks were but because we feared for our bit of money
After all the bellyaching I see Perfidious Albion only came up with a fraction of the figure bandied around last week.
For fuck sake.
They should’ve played the nuclear card. We’re defaulting if its above 5%
Couple of things strike me. I don’t get this complaining about us having to use our pension reserve fund. Why shouldn’t we. We are doomed we have the paw out and we somehow think we should be allowed hang onto 17bn. Also it is presumably cheaper to use our own piggy bank rather than borrowing that money at 6%
Do we still have to contribute 500m to the greek bail out?
Because it’s strategic capital that we’ve held onto for future requirements. It’s not money that should be bailing out Europe’s banks.
no
Decent statement.
The deal is signed as far as I know. Not sure there will be any reneging on it, no matter what happens to the government. And SF’s vote of no confidence depends on them being able to setup a technical grouping etc so imagine there’s a bit of red tape to get through there.
we had no option to use it-it doesnt make sense expecting a bail out on top of our reserves- the EU were right to ask for it to be put forward
Do we not stand to lose some of the money as we are drawing it down too early
Any mention of them doing anything to the bank bondholders?
Yeah but sure that’s the sane kind of thinking that has developers thinking they should be let hang on to their family homes
Not doing anything to senior bondholders. Implied that EU wouldn’t let anything happen. Some waffle about subordinated bondholders on BOI and AIB getting the same risks as the subordinated debt at Anglo but nothing concrete.
Are we waiting for the ice to melt to start the revolution or what?
Empty bluster Rocko. Mixed with some kev style psycho-babble about the psychological state of the government.
So he opposes the deal. Is he actually going to do anything? There’s a motion of no confidence in the government, are they going to support it?