Ireland
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- pillhead0
Well, it looks like Ireland is in the hand of the ECB, if the ECB want a higher % interest rate then Ireland are fucked, because Ireland are not a large country they do not have allot of negotiation power which does not look good for Ireland. Let hope the ECB go easy on them and give the country a workable interest rate that can be successful for both parties.
- a_c0
- lowimpakt0
^ that support is governments giving money to Irish banks so that their own national banks get the money they have in Irish banks back.
it's all self interested.
i'm listening to the BBC radio and they are talking about the difference between 'senior' and 'junior' creditors and how they get money back quicker than each other...
- Salamandojo0
Near-bankrupt Ireland gains international support for emergency bailout
http://www.washingtonpost.com/wp…
- monNom0
I can't quite square the idea of a country with too much debt being saved by a loan.
- raf0
Ireland lost independence last year alongside some 20 small countries when it accepted Lisbon Treaty. It is merely a province of European Union which was founded on December 1st last year and formally is a state.
- toe_knee0
I'm loving all the pictures of beggars on O'Connel bridge that are in the media.
There's been beggars on that bridge for decades
- ukit0
- lowimpakt0
all the 'creditors' will be happy now.
- ernexbcn0
It happened:
- Salamandojo0
- It was totally O'Bama's faultukit
- you mean bush's fault74LEO
- Anyone else see Cowen's resemblance to Peter Griffin?randommail
- Salamandojo0
BANKRUPT MOTHERFUCKERS!
- Come to the USA, open the doors again, stop the HispanicsSalamandojo
- hahaha....WTF is wrong w youukit
- ;)Salamandojo
- ...facepalm...jimzy
- ukit0
- lowimpakt0
one of the key negotiation point is ireland's low corporation tax.
One of the reasons the EU, IMF and everyone else have been urging this money so they can negotiate new regimes on Ireland.
- rosem0
call their bluff! I wish the US would have done it when we had the chance.
- while ignoring you're seating on a huge money bomb yourself :)georgesIII