Exchequer may be running out of willing creditors

[geri]

How long are we going to be able to continue this limping journey towards bankruptcy before someone steps in or is called in? What will it take? And how long can this charade continue before someone calls time on us?

[Dreaded_Estate]

How long are we going to be able to continue this limping journey towards bankruptcy before someone steps in or is called in? What will it take? And how long can this charade continue before someone calls time on us?

It is looking increasingly likely that the only thing that will stop is limping towards bankruptcy is going bankrupt.

[nuj]

There seem to be some woeful misconceptions and half-arsed extrapolations in this thread.
All governments borrowing money do so over a range of maturities, both to spread their interest rate risk and to satisfy demand from different types of investor. Pension funds and life companies generally have a bias towards long-dated bonds (i.e. 10+years), while general insurance companies and banks typically prefer short-dated bonds and bills (which are dated in months rather than years), as these better match their liability profiles. It looks like the NTMA in their issuance policy is following this well-trodden path.

Whatever problems the country has, and they're many, the ill-informed Chicken Lickenism on this thread is nearly as irritating as the green-shootery being spouted in the US and Britain at the moment by the authorities.

[Digout]

It is looking increasingly likely that the only thing that will stop is limping towards bankruptcy is going bankrupt.

Or we could be bankrupt now.

[youngdan]

Hows that call to revolution coming?

So far I am the only one in agreement with Cavok. Maybe I should open a social group

[cavok]

So far I am the only one in agreement with Cavok. Maybe I should open a social group

Lets draft a Proclamation Dan

[youngdan]

That might be a good plan. Maybe we can rustle up a few more

[selfemployedmar]

Or we could be bankrupt now.

EEHH we are

[cavok]

PM me your draft

lets get crack on

[Cael]

Looks as if today's €1billion bond issue was only barely a success despite the yield on offer and breaking it up into one long and one medium term bond of €700 and €300million respectively. Bids of only €1.24billion were received, which is pretty disastrous. The NTMA ran bond issues of €5billion and €3billion over the last year, now they are struggling to get away a mere €1billion bond!! The yield on the 2018 bond was an eyewatering (for the taxpayer) 5.082%.

Drastic cutbacks in government spending will have to come sooner rather than later with the bond markets now distinctly shying away from Irish government paper.
RTÉ Business: Billion from bonds but demand 'weak'

And a good job too. These cretins will keep borrowing until someone calls a halt.