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Thread: Bailout 2.0?

  1. #1
    Politics.ie Member Howya's Avatar
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    Default Bailout 2.0?

    Today's Irish Times reports a new tactic in the negotiations to deal with bank debt problem

    IMF deal on table if no bank debt agreement, sources say - The Irish Times - Sat, Jan 26, 2013

    Government sources said Ireland is prepared to accept a new, conditional IMF programme if bank debt talks do not deliver optimal conditions for returning to markets
    Seems to me that Noonan & co have finally discovered how to negotiate.

    The IMF have been more supportive of debt write-off than the EU/ECB which can only be a good thing for Ireland. However, the problem remains that Kenny/Noonan keep insisting that they are not seeking any debt write-off - kicking the debt down the road does not solve the problem.

    Is there a U-turn on the horizon?
    “Still paying, still to owe. Eternal woe! ” ― Paradise Lost, John Milton

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    Politics.ie Member Burnout's Avatar
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    Mentioned on Marion (our fav superstar) this morning so she may discuss it after the suicide chat. Bit early in the day and whomever it is is so hard to listen to as in monotonous droll

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    The idea that Ireland was going to be economically self-sufficient by the end of the year was always complete fiction.

    There will be a second bailout. There must be.

    And it's for the better. Our politicians are incapable of reforming anything without the IMF cracking the whip.

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    Politics.ie Member Howya's Avatar
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    Quote Originally Posted by Davidoff View Post
    The idea that Ireland was going to be economically self-sufficient by the end of the year was always complete fiction.

    There will be a second bailout. There must be.

    And it's for the better. Our politicians are incapable of reforming anything without the IMF cracking the whip.
    And given that the underlying deficit is still running at €13bn a year, someone needs to crack a whip

    “Still paying, still to owe. Eternal woe! ” ― Paradise Lost, John Milton

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    Politics.ie Member Analyzer's Avatar
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    Quote Originally Posted by Burnout View Post
    Mentioned on Marion (our fav superstar) this morning so she may discuss it after the suicide chat. Bit early in the day and whomever it is is so hard to listen to as in monotonous droll
    Made Marion, and similar wasters earning far more than they are worth is an essential part of the problem.

    Is there any other insolvent corrupt institutional state propping up the likes of the Montrose Millionaires ?
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

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    Quote Originally Posted by Howya View Post
    Today's Irish Times reports a new tactic in the negotiations to deal with bank debt problem

    IMF deal on table if no bank debt agreement, sources say - The Irish Times - Sat, Jan 26, 2013



    Seems to me that Noonan & co have finally discovered how to negotiate.

    The IMF have been more supportive of debt write-off than the EU/ECB which can only be a good thing for Ireland. However, the problem remains that Kenny/Noonan keep insisting that they are not seeking any debt write-off - kicking the debt down the road does not solve the problem.

    Is there a U-turn on the horizon?
    From the article -

    Taoiseach Enda Kenny left Davos yesterday confident that business and political leaders had heeded his warning that Ireland’s recovery was fragile and dependent on the coming months.


    What recovery would that be then?

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    Quote Originally Posted by Mad as Fish View Post
    From the article -

    Taoiseach Enda Kenny left Davos yesterday confident that business and political leaders had heeded his warning that Ireland’s recovery was fragile and dependent on the coming months.


    What recovery would that be then?
    The recovery that is just around the corner with the new bail-out deal.

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    Quote Originally Posted by Samell View Post
    The recovery that is just around the corner with the new bail-out deal.
    Would that be the same as the one that has always been just around the corner after a bit of austerity and the last bailout?

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    Quote Originally Posted by Mad as Fish View Post
    Would that be the same as the one that has always been just around the corner after a bit of austerity and the last bailout?
    That's the one, the one that starts with ex ministers pensions being cut.

  10. #10
    GDPR Deleted
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    whats this ''Germany caught unawares'' nonsense in the article. Sounds like an abuser who has raped the mind of a victim to believe every little or large detail must be declared. nonsense.

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