Has the Run on Ireland Begun?

[cozzy121]

Norway confident that Greece will not default, buys bonds.......Why aren't the Norwegians holding Irish bonds?

Well, they've seen how we managed to give away our natural gas resources with little or no benefit to the state, which, in their eyes, would be madness.

They must reckon that any nation that allows such blatant corruption and theft is a very poor bet on the bond markets.

[the_rebubblican]

Well, they've seen how we managed to give away our natural gas resources with little or no benefit to the state, which, in their eyes, would be madness.

They must reckon that any nation that allows such blatant corruption and theft is a very poor bet on the bond markets.

That said is it the amount of GNP we have to use to bail out the banks that's turning them off. We apparently will have to spend 3 times what the Swedes did in their property meltdown and financial crisis.

[Conor]

What I find interesting is that they hold Greek, Spanish, Italian and Portuguese bonds but not Irish ones. Are they thinking the Greeks and Portuguese are a safer bet than us? hat do they know that I don't?

How do you know they don't hold Irish bonds?

[Hound]

We were supposed to sell bonds today. Has that happenned yet?

[the_rebubblican]

How do you know they don't hold Irish bonds?

On Bloomberg...

[Dreaded_Estate]

We were supposed to sell bonds today. Has that happenned yet?

We auctioned short term bills today and went through OK.

http://www.ntma.ie/Publications/2010...09Sept2010.pdf

Got a good cover at about 7 times but issued at the lower amount of the €400m to €600m range.

[Conor]

On Bloomberg...

Can you show me the part that says they don't hold any Irish debt?

[Echolalia]

i did a check on the declaration of interests of our TDs a while back and IIRC something like 52 of the 166 either have interests in properties or outright put "landlord" down as their profession.

bare in mind that doesnt include the ivor calley school of property investment which as we've all seen was far more extensive than he declared.

my bet would be a fair whack of dail eireann, across the parties, are up to their tits in property debt.

even the taoiseach has a few appartments in terenure.

on the OP.

.

Would this mean that any TD that has a loan from Anglo could be asked to repay back what he/she owes? And if that IS the case, would we have the prospect of multiple bankruptcys? Which if I remember correctly is an automatic disqualification from holding a TD's office?

[constitutionus]

Would this mean that any TD that has a loan from Anglo could be asked to repay back what he/she owes? And if that IS the case, would we have the prospect of multiple bankruptcys? Which if I remember correctly is an automatic disqualification from holding a TD's office?

could be.

certainly ivor cant repay the money he owes on those dozen or so mortgages.

gives a whole new meaning to the term "systemically important" doesnt it ?

[Hound]

The bond sale went ahead, they sold just €400m which was at the lower end of the scale 400 - 600.

Will Ireland’s Success Lift Markets? - MarketBeat - WSJ

Also I understand from the same article that we will know on Monday how much shopping the ECB did in the bond market.

"But while the ECB’s rescue efforts may indeed have stepped up lately - we’ll only know on Monday when they tell us – they never really stopped buying bonds in the market."