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Ireland In Talks For Bailout With EU, IMF And ECB
From Reuters:
IRELAND SAID TO BE IN TALKS TO GET FUNDS FOR GOVERNMENT, BANKS
Also noted that negotiations are continuing and no decision has been reached yet, according to sources. European finance ministers are meeting in Brussels today at 5pm local time. EURUSD jumps 25 pips on the headline but nothing firm yet. After all, could merely be wishful thinking on behalf of the bankers-kleptocrat politician complex, but it appears Ireland may crack soon.
more as we get it.
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Crack? It's going to be healed.
With a dose of IMF@#$#ing love! And an ECB death bear hug! And a world bank kiss of death.
C'mon st.patty, the Eyerish need you!
I remember the Economisty being full of the Irish Tiger stories, feels like yesterday.
Spreads are going to go from pips to pops!
ORI
http://aadivaahan.wordpress.com
The 24 hours is about up, they better talk fast.
Bernank...I mean "IMF" to the rescue...again.
Feel that backside penetration American middle-class? That's your Fed in action again.
Hang together or hang separately.
So, this is why the EUR is going up?!? Whacky world we are living in.
1.3579....ummm...yeah.
Irish Car Bombs all around!......basterds....
You will borrow from us or you will die.
...from kicking yourself in the head after missing such a great deal. These low rates came around only once in a cyclical collapse of society!
or
...is what I would have said if the system was starving for more debt. But here, now among friends, just...just fucking take the money. [takes out a wad of $100 bills out of pocket] Look at it. Oooooo...money. Politician like to spend, yes? Spending is nice, yes? Keeps politician in office, yes???
An Irish journalist in Brussels - Mary Ellen Synon, who is both very anti-EU and pro-British - has a recent article saying that the euro (now afflicting Ireland) was always a German plot to have a currency lower in value than a stand-alone Deutschmark would be, thus fueling German exports.
Article hints the Germans always knew it would blow up and then they could blame the peripheral states for their sloppy practices after it did.
What's funny is that you can find exactly the opposite conspiracy view on the internet, as for example Lyndon LaRouche saying that Germany was forced into the euro at gunpoint by France twenty years ago ... that Germany was threatened to agree to join the eventual euro, or else be blocked from re-unification, and be subjected to another 'war' from other european states.
The Mary Ellen Synon piece, saying that the euro was always a scam to prop up German exports, is here, on her 'Euroseptic' or '€uroseptic' column -
http://synonblog.dailymail.co.uk/2010/11/der-euro-as-ever-the-d-mark-by-...
LaRouche is a douche with serious veracity issues; take anything he says with a Gibraltar of salt.
As for a "German Plot", BS...they export because they make quality product and those sour grapes from shite-engineering countries like France and Britain is laughable.
Please note in the emboldened line that the words "people" or "citizens" do not appear. Since the government is but an extension of the Banks, we already know who is getting the "bail out."
But as we are all old hands at this (ex. Greece [those folks on the ground received $100,000 each, right?]) we know who gets the money and who receives the bill.
All in the name of Financial Stability.
"I am Jack's total lack of surprise."
16 November 2010
"Finland is against putting pressure on Ireland to quickly apply for a European Union bailout, saying EU financial aid must be a last resort.
"Finland strongly opposes the German position that the mechanism should be used just to make the markets calm down," said one euro zone source familiar with Finland's position. "The mechanism wasn't created for that purpose."
Since decisions among finance ministers over activating the European Financial Stability Facility (EFSF), which Ireland may need to access, have to be taken unanimously, Finland's view counts as much as the other 15 members of the euro zone.
Finland's staunch opposition to pushing Dublin into asking for help is partly based on its belief that the rules must be strictly adhered to but also out of domestic political concerns - there is an election in Finland next year and there is popular opposition to more bailouts."
http://www.businessandfinance.ie/cat_news_detail.jsp?itemID=3203
"Luxembourg Prime Minister Jean Claude-Juncker, who chairs Tuesday's talks in Brussels, said Ireland was not even close to asking for a Greek-style bailout, which would involve tough austerity terms enforced by the European Commission and the IMF."
"The Irish coalition government has been reluctant to apply for assistance, partly because it faces a by-election it can ill afford to lose on November 25 and also because it says it wants to preserve its sovereignty."
http://finance.yahoo.com/news/Euro-zone-seeks-way-out-of-rb-3843748163.h...
If the two Brians stick the bank bad debt where it belongs - to the ECB then I may be able to forgive these chancers just a little.
This problem is almost solely the ECBs baby and their efforts to get the periphery Treasuries to shoulder these mutants needs to be stopped by the respective goverments.
Awww man...the band's breaking up.
While Irish banks are fast losing their depositor base and there is a real question mark over solvency of the Irish government, there really is a simple "daisy chain" solution which is for the Irish government to have the ECB loan money to the Irish banks to buy Irish government bonds - after all there is a blanket guarantee on offer from the Irish government.
Go see Crystal Moore/Mona Lisa at B of A. She'll sign your loan docs before the 24 hour deadline.
http://www.youtube.com/watch?v=l1aGT-8WwTc&feature=player_embedded
Ireland will not be bailed out. The institutions that Ireland owes money to will be bailed out.
What will be the conditions applied on Ireland so that the usurious bastards can be bailed out? Higher taxes? The sale of state assets?
The EU will push Ireland to bring its corporation tax into line with other member states. How long will the likes of Dell, Intell & Google etc stick around if that happens?
So...Ireland hasn't found any uncashed checks for 100 million Euros under the bed yet? What is plan B?
Many, many, many pints of Guinness. Perhaps a Black Bush or three as well.
There may be no money in the banks; but there will always be Whiskey in the Jar - http://www.youtube.com/watch?v=TehFZ38kt6o
"The bailout will be finalized subsequent all EU governments agreeing upon the true color of Taupe without visual aids.
The French are the recalcitrant holdouts pressing for the term "sorta caulk like", contrasted with a German preference for "Ms. Merkel's upper thighs during winter months". Apparently the Greeks delegates angrily left the negotiations screaming something about having better things to do with the creation of newly discovered sexual perversions than being compared to "abunch of drunken Irish football hooligans."
Knewt Holdontoyernutsacknpeckertite, the Dutch token mute spokesperson for the EU Something-Or-Other in Brussels, waving his hands about through an interpreter stated that negotiations were proceeding "Quite normally, happily." And that the Greeks were expected to return after the "Moussaka selection plate had been refreshed."
The independent Icelandic observer was rumored to have told the Irish representative to tell the EU negotiators to "Go fuck yourselves." suggesting in that manner Ireland would actually realize a larger pool of funds at a lower interest rate under substantially easier terms. When asked for verification, the Icelandic representative only replied; "Go fuck yourself." Apparently, that phrase alone represents his complete English lexicon.
When asked for verification, the Icelandic representative only replied; "Go fuck yourself."
And rightfully so ;0)
Here's to hoping that the people of Ísland continue their "Go fuck yourself" kind of attitude when confronted by the financial mobsters.
LMAO
Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.
Surely some revelation is at hand;
Surely the Second Coming is at hand.
The Second Coming! Hardly are those words out
When a vast image out of Spiritus Mundi
Troubles my sight: somewhere in sands of the desert
A shape with lion body and the head of a man,
A gaze blank and pitiless as the sun,
Is moving its slow thighs, while all about it
Reel shadows of the indignant desert birds.
The darkness drops again; but now I know
That twenty centuries of stony sleep
Were vexed to nightmare by a rocking cradle,
And what rough beast, its hour come round at last,
Slouches towards Bethlehem to be born?
William Butler Yeats
the junkie doesn't need another hit, they need a new supplier.
They need to stop sharing dirty needles first.
I owe my sister some money, I can't pay her back coz I spent it all on crack. Who do I contact for my bailout?
Vinnie and the Italian Businessmen.
But won't I have to pay them back? I don't want to have to pay it back.
.