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Thread: Moodys - "Ireland to remain at Junk Rating because of the EU"

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    Politics.ie Member Dublin 4's Avatar
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    Default Moodys - "Ireland to remain at Junk Rating because of the EU"

    Ratings agency Moody’s said yesterday the Republic’s vulnerability to Europe’s continuing financial crisis was the main reason behind its decision to assign junk-bond status to the State’s sovereign debt.
    The rating means the agency believes there is a substantial risk the State will be unable to repay its debts, and that investors should treat it as speculative grade, or “junk”.


    Europe to blame for Republic’s junk-bond rating - Moody’s

    Not much "Ode to Joy" out there for Paddy these days

    I've always been a recovery skeptic & don't believe for 1 minute that the Eurozone Crisis is settling down at all!

    Poland is on stream to join the Euro & whilst all that is luvvly jubbly - Bersani has still failed to form a Govt in Italy.

    This paves the way for anti-Euro campaigner Grillo to cause even more instability.

    What is the way out of this mess for Ireland or are we set to remain the Junkies of the Western World???



    BBC News - Italy limbo as Bersani fails to form coalition

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    What Fitch and S&P never credibly stated was what had improved to persuade them to upgrade our long term debt.

    I know people here have orgasms over falling bond yields and "being back in the bind market", but with our debt and deficit levels those things are irrelevant to whether we will eventually repay long term. The only mean we can keep rolling and growing our debt for longer, but with the same eventual conclusion, we can't actually repay and it has become to large a burden.

    Moody's have it righg

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    Politics.ie Member Eire1976's Avatar
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    Quote Originally Posted by Dublin 4 View Post


    Europe to blame for Republic’s junk-bond rating - Moody’s

    Not much "Ode to Joy" out there for Paddy these days

    I've always been a recovery skeptic & don't believe for 1 minute that the Eurozone Crisis is settling down at all!

    Poland is on stream to join the Euro & whilst all that is luvvly jubbly - Bersani has still failed to form a Govt in Italy.

    This paves the way for anti-Euro campaigner Grillo to cause even more instability.

    What is the way out of this mess for Ireland or are we set to remain the Junkies of the Western World???



    BBC News - Italy limbo as Bersani fails to form coalition
    Its in certain peoples interests to keep our rating low as they make more money from the interest we get charged.

    Any excuse to keep us there will do.

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    Politics.ie Member Nemesiscorporation's Avatar
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    Quote Originally Posted by Dublin 4 View Post


    Europe to blame for Republic’s junk-bond rating - Moody’s

    Not much "Ode to Joy" out there for Paddy these days

    I've always been a recovery skeptic & don't believe for 1 minute that the Eurozone Crisis is settling down at all!

    Poland is on stream to join the Euro & whilst all that is luvvly jubbly - Bersani has still failed to form a Govt in Italy.

    This paves the way for anti-Euro campaigner Grillo to cause even more instability.

    What is the way out of this mess for Ireland or are we set to remain the Junkies of the Western World???



    BBC News - Italy limbo as Bersani fails to form coalition

    Very interesting.

    Moody's, S&P, etc are the same people who rated Irish banks as Triple A. In plain language they rate to suit investors, not countries or the people in those countries. At the moment US venture capitalists are having a field day in Ireland.

    A rating from Moody's, S&P, etc, is less useful than the toilet paper I cleaned my bum with this morning.

    Regarding the debt. It is unsustainable, something which the government would have known when they deliberately took on the debts of reckless psychopathic developers, bankers and there sycophantic helpers.

    There needs to be full disclosure of the of what actual debts were taken on and which investors were actually saved. Something tells me a disclosure like that would reveal nothing but conflicts of interest on the part of those who made the decisions.

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    The useless ******************************s couldn't tell AAA from a subprime hole in the ground.
    Regards...jmcc

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    Quote Originally Posted by jmcc View Post
    The useless ******************************s couldn't tell AAA from a subprime hole in the ground.
    The subprime hole in the ground been Ireland ?

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    Politics.ie Member Dublin 4's Avatar
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    Quote Originally Posted by jmcc View Post
    The useless ******************************s couldn't tell AAA from a subprime hole in the ground.
    Who - Moodys or Adam & Paul?

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    Politics.ie Member Spanner Island's Avatar
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    We've learned nothing.

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    Quote Originally Posted by Dublin 4 View Post
    Who - Moodys or Adam & Paul?
    There's a difference?
    Regards...jmcc

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    Quote Originally Posted by Dublin 4 View Post


    Europe to blame for Republic’s junk-bond rating - Moody’s

    Not much "Ode to Joy" out there for Paddy these days

    I've always been a recovery skeptic & don't believe for 1 minute that the Eurozone Crisis is settling down at all!

    Poland is on stream to join the Euro & whilst all that is luvvly jubbly - Bersani has still failed to form a Govt in Italy.

    This paves the way for anti-Euro campaigner Grillo to cause even more instability.

    What is the way out of this mess for Ireland or are we set to remain the Junkies of the Western World???



    BBC News - Italy limbo as Bersani fails to form coalition
    No need to drag Adam and Paul into it, they're just victims, better off with a pic of Bertie and Rohan )

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