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  1. #1961
    hammer hammer is offline
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    Quote Originally Posted by ted08 View Post
    The miracle of losing the 2007 election to FF, was the biggest stroke of luck for Kenny and FG, incompetence rewarded?
    Strange then that all those that voted Bertie / Fianna FAIL in 2007 gave out about the collapse
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  2. #1962
    ted08 ted08 is online now
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    Quote Originally Posted by hammer View Post
    Strange then that all those that voted Bertie / Fianna FAIL in 2007 gave out about the collapse
    Never voted for them hammer, Galway tent and all that craic
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  3. #1963
    shiel shiel is offline

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    The basic law of politics is that power corrupts.

    The Celtic tiger governments from 1987 were virtually unchallenged.

    Those few who did challenge were told to know their place.

    Being human the small number of people in charge got arrogant and reckless and bankrupt the country.

    If it was some other group that was in power in the same circumstances would things be better?

    Answers on a post card please.

    If we had not been bankrupted by the decisions of our own most powerful citizens in Celtic tiger times we would not have had a change of government in 2011.

    They would still be in power.

    But that said the recovery has been purchased by very high national debt per capita relative to the rest of the world.

    But maybe we should look on the bright side.

    We could be Greece or Venezuela.
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  4. #1964
    SamsonS SamsonS is offline

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    http://www.ntma.ie/wp-content/upload...nApril2018.pdf

    Latest investor presentation, debt info starts on page 23. Page 30 , chart on diagram on savngs from paying IMF earlie, also maturity profile, taking into accout EFSM extensions, and also comparison maturity profile now and in 2013, with the 2081-2020 change the most striking- from about 67b to be refinanced in these 3 years, that is now 44b.
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  5. #1965
    SamsonS SamsonS is offline

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    NTMA raises

    4b raised this am.
    Now 10.25b raised this year, target is between 14-18b.
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  6. #1966
    SamsonS SamsonS is offline

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    Government Finance Statistics April 2018 - CSO - Central Statistics Office

    Came out this morning. Gives us a General Gov Gross Debt of 201.3b at the end of 2017, up 600m or so from 2016, and about 1.3b below the forecast figure from the Budget (202.6b).

    GG deficit for 2017 was just over 1b, and you can see how that has improved in the last 5 years ii nominal terms.
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  7. #1967
    hammer hammer is offline
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    Excellent.

    Does anyone have Lendahands figures for estimated interest payable on National Debt 2011-2016 ?

    And how much is it now ?

    I have a feeling its about € 4 billion per annum BELOW that forecasted by FF when preparing figures with their buddies the IMF.
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  8. #1968
    Man or Mouse Man or Mouse is online now

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    Quote Originally Posted by hammer View Post
    Excellent.

    Does anyone have Lendahands figures for estimated interest payable on National Debt 2011-2016 ?

    And how much is it now ?

    I have a feeling its about € 4 billion per annum BELOW that forecasted by FF when preparing figures with their buddies the IMF.
    The present figures are much better alright, but, we should not be running deficits at all. GDP is a figure that can plunge at any moment due to the volatility of everything in our world now which would bring us right back to square one.
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  9. #1969
    hammer hammer is offline
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    Agreed.

    I think we may have a surplus this year.

    Fianna FAIL left behind a € 25 billion ANNUAL deficit.

    No wonder people thought they were doing well
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  10. #1970
    Man or Mouse Man or Mouse is online now

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    Quote Originally Posted by hammer View Post
    Agreed.

    I think we may have a surplus this year.

    Fianna FAIL left behind a € 25 billion ANNUAL deficit.

    No wonder people thought they were doing well
    People have paid dearly to eradicate that, it did not disappear by magic. One of the reasons I continue to be amazed that there is any support for FF, much less anything in the region of 30%. People are very stupid. We will continue to suffer the consequences of benchmarking though, so, perhaps it is the wily civil servants that make up this coterie of support. Could it be in the hopes of even more grist?

    Surpluses are even harder to manage. Will be interesting to see what young Mr O'Donoghue does with it.
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