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Thread: Some "Recovery" - IMF: New 16 Billion EUR Black Hole in Irish Banks

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    Politics.ie Member Dublin 4's Avatar
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    Default Some "Recovery" - IMF: New 16 Billion EUR Black Hole in Irish Banks

    The Sunday Business Post are reporting that the IMF have told the government, that they believe, that there is a new 16 billion EUR capital hole in Irish banks.

    The capital hole is coming from mortgage arrears, buy-to-let arrears and inefficient bank operations.

    As previously reported, the IMF are pushing for stress tests to be done in 2013 for Irish banks. The government are pushing for stress-tests to be done in 2014 via crappy pan European tests.

    So where are we going to get this 16 billion from? Bailout II or yanks buying low yield Irish government debt?


    IMF delivers tough assessment of Irish economy • thepropertypin.com

    Well it's not as big as Peter Matthews' unrebutted €60 Billion but it could be the start of a gory unravelling of detail.

    What next for the Irish Banks with this News - is Repomania about to come to a place near you?

    Or is it the Downgraded ESM to the Rescue, despite it's Boss Regling's stated reluctance to Bail out more Banks.

    Perhaps we will find out whether or not Ireland is the next Cyprus before we have to roll-over some of these little beauties


    5.0 Treas Bnd 2013 FRB IE0031256328 18-Apr-13 4,616.21
    4.0 Treas Bnd 2014 FRB IE00B3KWYS29 15-Jan-14 7,598.63
    4.5 Treas Bnd 2015 FRB IE00B4V6D496 18-Feb-15 3,629.92
    4.6 Treas Bnd 2016 FRB IE0006857530 18-Apr-16 10,168.45
    Irish Government Bonds | National Treasury Management Agency (NTMA)

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    Dylan2010
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    we have been assured that we have the best capitalised banks in Europe

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    Politics.ie Member Dublin 4's Avatar
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    Another denial- again???


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    Politics.ie Member carlovian's Avatar
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    Does anyone remember Patrick honohan on Vincent brine last year ?

    Browne asked honohan what the provision for mortgage arrears was and
    Honohan replied 5%.

    Then both went quiet.
    I believe that children are the future

    Unless we stop them now.

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    Politics.ie Member Goa Tse's Avatar
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    In fairness, anyone who actually believes there's a "recovery" - whether here or anywhere else in Europe - is either deluded, stupid, an employee of either Tony O'Reilly or the govt, or some combination of all of the above. "Recovery" in this context being a euphemism for kickstarting the property bubble again.
    'I am not gay, although I wish I were, just to piss off homophobes.' - Kurt Cobain

  6. #6

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    Quote Originally Posted by Dublin 4 View Post


    IMF delivers tough assessment of Irish economy • thepropertypin.com

    Well it's not as big as Peter Matthews' unrebutted €60 Billion but it could be the start of a gory unravelling of detail.

    What next for the Irish Banks with this News - is Repomania about to come to a place near you?

    Or is it the Downgraded ESM to the Rescue, despite it's Boss Regling's stated reluctance to Bail out more Banks.

    Perhaps we will find out whether or not Ireland is the next Cyprus before we have to roll-over some of these little beauties



    Irish Government Bonds | National Treasury Management Agency (NTMA)
    The Tragic Troika of FF,FG & LP will keep robbing the lower paid to further enrich their greedy, incompetent bankster chums.


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    Politics.ie Member Socratus O' Pericles's Avatar
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    The sooner they get on with it the better.
    The truth of an idea is not a stagnant property inherent in it. Truth happens to an idea. It becomes true, is made true by events.

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    Quote Originally Posted by Dublin 4 View Post


    IMF delivers tough assessment of Irish economy • thepropertypin.com

    Well it's not as big as Peter Matthews' unrebutted €60 Billion but it could be the start of a gory unravelling of detail.

    What next for the Irish Banks with this News - is Repomania about to come to a place near you?

    Or is it the Downgraded ESM to the Rescue, despite it's Boss Regling's stated reluctance to Bail out more Banks.

    Perhaps we will find out whether or not Ireland is the next Cyprus before we have to roll-over some of these little beauties



    Irish Government Bonds | National Treasury Management Agency (NTMA)
    You're really getting off on this, aren't you? This is about the fifth thread you've started titled "some recovery", this week.
    "So how are things at the Campaign for the Freedom of Information, by the way?" "Sorry, I can't talk about that"

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    Politics.ie Member Dublin 4's Avatar
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    They're deliberately serialised hbap.

    But hey - I did say you mutthafukkahs inherited the mess!

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    Quote Originally Posted by CarnivalOfAction View Post
    The Tragic Troika of FF,FG & LP will keep robbing the lower paid to further enrich their greedy, incompetent bankster chums.

    It's getting harder & harder to argue against all of this being intentionally profited from, & that consequently there really is no political will or interest in actually genuinely resolving the problem. The infinite incompetence of the political elite is the only argument against it all being engineered in the first place that I can think of.

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