Ireland
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- 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...
- a_c0
- ukit0
EU says, take bailout or else, end of the world
Ireland says, no worries, everything's fine
- 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.
- lowimpakt0
they're giving us money to bail out our bank so our banks can bail out their banks.
to bail out their banks they don't care what effect that will have on the irish taxpayer now and in the future.
- 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.
- 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
- ukit0
- raf0
Crisis schmisis, Ireland is still the only country where I keep finding coins on street every day, actually often see people not even bother to bend when they drop small change.
Groceries are still as absurdly expensive as they were, pointing at lack of competition and people not looking for better prices. Actually, everything is as expensive as it's been for years.
Maybe rents dropped a bit but seem to be climbing back up now.
- Hombre_Lobo_20
raf,
your credit union banking system if i remember rightly is the banking system i know of. Ive got family in CAVAN. tis a strange place ireland.
- not sure I follow... what about credit union banking system hombre?raf
- lol, i missed the word 'best' out. i was saying IIRC they are awesome banks, great rates!Hombre_Lobo_2
- ernexbcn0
It happened:
- lowimpakt0
all the 'creditors' will be happy now.
- ukit0
- ukit0