Now the Germans have done it too...

[fiannafuddy]

Er, with what? Salt? Potatoes? IOU's? Goodwill?

Companies like Dell leaving mean another couple of thousand households who cannot meet their mortgages.

Property Loans are only an asset while the general populous can meet their payments.

No job - no debit I am afraid.

Banks are very accommodating if they are approached when a problem first emerges in people's financial wellbeing. They get p1ssed off when they come looking for the last 6 months payments and you tell them you lost your job 9 months ago.

Dell employs 4,000 people. They have not yet announced they're making 4,000 people redundant....and there are no indicators that 4,000 will be left go.

Not everyone in the country has a €400k mortgage. There are plenty of people out there with £50k mortgages, Dell employees included. The banks will get their money, be it by way of repossession and renting the house back to the previous owner...a member of my extended family is in this situation....or by way of partial payment against arrears until another job has been found.

A significant percentage of people's mortgages will also be covered by AIR policies.

[fiannafuddy]

Are you Martin Cullen?

Damn, ruffled....do you live on Wimbledon Common??

[toxic avenger]

The one with less exposure. Considering that Hans and Helga horde their loot to a much greater extent than Paddy and Kathleen, the Germans have a much greater exposure.

I know I'd be more willing to think that an Ireland that's experiencing it's first long term recession since the mid 80s is a safer bet than a seriously exposed Germany that's already had a recession this decade.

The difference being that Hans and Helga are depositing their own money, while Paddy and Kathleen are depositing money owed on their mortgages, mortgages they can't pay.

[Kf]

Its like a game of poker the yanks went 700 BILLION . The irish went all in plus the keys to the lada parked out the back which they are trying to convince people is a ferrari meanwhile holding a pair of deuces.Now its up to the rest of europe to call there bluff.Its amazing how fuked up these politicians get under a bit of pressure.It would make a good comedy if it wasnt your money they are gambling with

Great analogy.

ireland is currently all in and praying for an ace which has already been folded.

[MookieBaylock]

Banks are very accommodating if they are approached when a problem first emerges in people's financial wellbeing. They get p1ssed off when they come looking for the last 6 months payments and you tell them you lost your job 9 months ago.

Dell employs 4,000 people. They have not yet announced they're making 4,000 people redundant....and there are no indicators that 4,000 will be left go.

Not everyone in the country has a €400k mortgage. There are plenty of people out there with £50k mortgages, Dell employees included. The banks will get their money, be it by way of repossession and renting the house back to the previous owner...a member of my extended family is in this situation....or by way of partial payment against arrears until another job has been found.

A significant percentage of people's mortgages will also be covered by AIR policies.

and who backs up those AIR policies?

Are they thin AIR?