As with Bertie, the Irish establishment has got what it wanted out of Lenny. And, as with Bertie, people will realise after the event that they were duped by Lenny but it will be too late. Then, while we're blaming Bertie and Lenny, a new man-who-can-do-no-wrong will emerge and phuck up the country even more until we evntually cop onto him. This process will go on and on, and the Irish establishment will remain one step ahead of the people.Originally Posted by de knowledge economy
i reckon the croke park agreement will be kicked to touch
About 20 billion of bonds need to be rolled over this month
That is why Lenihan is asking the EU to back an extended guarantee of corporate deposits. The money is taking flight while it is still guaranteed by tax payers that are twice as broke as the Developers whose debts they have undetaken to repay.
It looks like Lenihans promise/lie that the 440 billion would never be called in, is being put to the test. I bet he will not miss any calls from Trichet today and tomorrow.
What's the spread over Germany?
"We are such stuff
As dreams are made on; and our little life
Is rounded with a sleep." - The Tempest, Act 4, Scene 1
To be replaced by the Aviva Agreement????
What's the spread on the bundesbank?
"It is important therefore that I clarify to the House that in the first instance there are significant monies within Anglo-Irish to take the strain of loan losses arising over the next three or four years, before State support is engaged." Brian Lenihan 15/01/09
Call it what you will you can be sure it wont be adhered to until 2014.
We're insolvent
The civil servants in the Department of Finance better start clearing their desks to make why for the IMF/ECB.
"We are such stuff
As dreams are made on; and our little life
Is rounded with a sleep." - The Tempest, Act 4, Scene 1
We're now at 5.92% with a 364 point spread over the Germans
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