"Why Are the Irish not out Rioting?" - Daily Telegraph

[Cassandra Syndrome]

A question picked up by Zerohedge today.

It Pays to Riot in Europe – Telegraph Blogs

At least that is the question posed by Ambrose Evans-Pritchard in his column today, where he accurately points out that while a bankrupt Greece can get away with borrowing at 5% courtesy of the IMF bailout package, as of today Ireland's 10 year rate is 5.48%. Ambrose attributes this to the Greeks savvy knack of scaring the ******************** out of Europe by "dilly-dallying on the first set of austerity measures, and – not to be too diplomatic about it – by insulting the Germans with demands for war reparations" and also being on the verge of destroying its own country, by Molotov Cocktailing its own parliament, if its doesn't get its way. And the real kicker: as a member of the IMF, and a lender to its various soon to be multi-quadrillion last ditch rescue facilities, Ireland, whose borrowing cost is higher, is subsidizing the Greek interest and, therefore, way of life. Nuts you say? Ambrose agrees: " It has moral hazard written all over it, and shows what happens once a dysfunctional system twists itself into ever greater knots rather confronting the core issue." But such is life in the Keynesian endspiel, where the worst housing data ever recorded is sufficient for a green close: bizarro is now mainstream.

Why Are The Irish Not Rioting And Insulting The Germans Yet? | zero hedge

[controller]

Because we bend over to take our medication which we deserve for voting in our betters...

[He3]

Our political class has our measure perhaps.

[Munnkeyman]

A question picked up by Zerohedge today.

It Pays to Riot in Europe – Telegraph Blogs



Why Are The Irish Not Rioting And Insulting The Germans Yet? | zero hedge

You know, I saw the Gardaí with the full riot gear on, bangin' their shields with batons, a few times when I was walking past the barracks in Galway. ~Around 10 weeks ago.
And a ********************load of practice on the small arms range. More so than usual.


That riot gear equipment hasn't really paid for itself yet.
I think they know something we don't know ...........

[the_rebubblican]

Borrowing for the Eurozone Greek bailout at rates higher than what the Greeks are paying, is that what he's getting at? That is stupendously hilarious and truly irrational. Belongs in a sketch show. If this continues apace we'll either be knocking at THE IMFs door or the Eurozone will have to go back to the drawing board with their rescue plans. Are you listening Frau Merkel? Federalise or die! The thing is to avoid the political inevitable sacrificing a small economy like Ireland's is a price they are willing to pay.

[absconded]

I think the Greeks rioted for effect, also they have a hard core of commies and anarchists who are only happy for an excuse to throw a few rocks. Don't forget that it's only the Greek govt that's broke. The people still have a lot of money and very little personal debt.
When the rioting happens in Ireland it'll be for real and vicious. Thousands of families without power huddling over a cold tin of beans for dinner every evening might be a spark. Or maybe the run on the banks after the bank guarantee scheme runs out. Who knows eh?

[eoghanacht]

The thing is to avoid the political inevitable sacrificing a small economy like Ireland's is a price they are willing to pay.

The day the Germans realise that is the day the sh_te hits the fan and not just here.

[the_rebubblican]

The day the Germans realise that is the day the sh_te hits the fan and not just here.

The true cost of solidarity is fast approaching, it threatens the EU itself not to mind the Euro. Now I bet Bertie, Charlie and Brian never realised that this might adorn their epitaph when history of this blighted land is finally writ.

[ne0ica]

A question picked up by Zerohedge today.

It Pays to Riot in Europe – Telegraph Blogs



Why Are The Irish Not Rioting And Insulting The Germans Yet? | zero hedge

Yes but Greece's international reputation is tarnished. If you were an international investor would set up shop in Greece. Ireland appears a far more stable bet than Greece or the other PIG's.

[eoghanacht]

The true cost of solidarity is fast approaching, it threatens the EU itself not to mind the Euro. Now I bet Bertie, Charlie and Brian never realised that this might adorn their epitaph when history of this blighted land is finally writ.

Grubby men are not interested in epitaphs just cold hard cash.