EU Bailout Package

[Factorem]

So when is the IMF-style EU bailout package coming?

I mean it's less than six weeks away from the referendum and we've a €30bn pa hole in our public finances, not to mention a €90bn NAMA bill.

They'd want to hurry up if they want any chance of enticing the 'No' voter...

[Digout]

Only if we vote yes to Lisbon, if not, we get the IMF

[seanmacc]

Probably on the 11th hour when we have to go crawling to the IMF. Probably we will be rescued so as to not instill negative confidence in the Euro currency

[Digout]

Probably on the 11th hour when we have to go crawling to the IMF. Probably we will be rescued so as to not instill negative confidence in the Euro currency

We wont go crawling to the IMF, it will happen overnight. FF are prob busy telling lies to the EU about the true state of things here.

[blacbloc]

Good question. Of course the money isn't going to come. We can all rest assured that other EU countries have more than enough of their own economic woes to deal with without taking on our ill gotten debts as well. ACC Bank and many other foreign EU orgs will not be wasting time in letting people know just what an ignorant, hill-billy backwater of a country Ireland is after their experience of the Irish government and legal system.

[NewRepublic]

We already have had to be effectively rescued. All that money they have been funnelling through banking institutions to buy up government debt ? Our banking system would also be insolvent without the ECB being the lender of last resort.

[Digout]

ACC Bank and many other foreign EU orgs will not be wasting time in letting people know just what an ignorant, hill-billy backwater of a country Ireland is after their experience of the Irish government and legal system.

Very good point, I bet every banker and investor in Europe knows whats going on here and would not dream of sending a cent here.

[Factorem]

I reckon we'd need about €100bn in an EU bailout package. Only on condition that we cut civil servants' pay by half, slash their numbers by half and sign up to a bond that we'll be paying back for the next 100 years.

[Digout]

I reckon we'd need about €100bn in an EU bailout package. Only on condition that we cut civil servants' pay by half, slash their numbers by half and sign up to a bond that we'll be paying back for the next 100 years.

EU wont enforce conditions, the IMF will.

[hmmm]

Who do you think is already propping up the Irish banks? And who do you think has agreed to offer 90 billion in Euros in return for 90 billion in NAMA bonds? Without the ECB we would have gone bust some time ago, we should be careful what we wish for.