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Irish Parliament Backs EU/IMF Bailout, 81 To 75 Votes
Presumably this means the country agrees to be bailed out by its pension fund, to rescue Europe's bankers, and to become Olli Rehn's latest vassal state. Congratulations. The vote was 81 to 75.
From RTE:
The Dail has approved the the measure approving the EU-IMF deal for
Ireland on the EU/IMF bailout package for Ireland by 80 votes to 75.
Watch proceedings from the Dáil
Earlier, Finance Minister Brian Lenihan told the that it was not
envisaged that the country will need the extra year to reach a deficit
3% of GDP, as provided for under the terms of the agreement.
Mr Lenihan said the measure would be needed only if the more cautious outlook on economic growth came to pass.
He said it mystified him why any party would vote against the deal
and said it was laughable to suggest that Ireland could get a better
deal from the IMF.
Fine Gael's Finance Spokesman Michael Noonan described the EU-IMF deal as a 'downright obscenity'.
He said the country's debts were once manageable but once the banks were added it was no longer sustainable.
Deputy Noonan said it was an obscenity that the liability for loans
was being transferred onto the taxpayers, especially the poorest
taxpayers.
He said there was €15bn of non-guaranteed senior debt that the
government has no liability for, but the bailout forces them on us.
He said the 5.8% interest rate could not be considered as solidarity and it must be renegotiated.
Fianna Fáil TD Thomas Byrne rejected Sinn Féin's suggestion that it
was the threat of legal action that precipitated the Dáil vote.
He said a group of Fianna Fáil backbenchers had tabled a motion to
the parliamentary calling for a vote six days before Sinn Féin sought
its legal advice.
Labour leader Eamon Gilmore also said his party will seek to renegotiate the deal with the EU and IMF after the next election.
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New highs for the move on KRE. Tough to be short when banks are taking off.
Surprise, surprise! Did we really expect them to turn down the $$$?
Ireland is so skrewed.
ahhhh, me lucky charms!
As a sovereign state, Ireland can still do whatever it thinks best for its people, now and after the upcoming election. That includes changing their mind about paying on the debth they just signed up for.
Cowards....their fiefdom was more important than the people.
Going long posts and rope.
Great, let's celebrate this news for the 10th time by skying the futures.
Yea really...same news umpteenth pump off the same crap. Or as CNBC says 'stocks regaining their poise', RIGHT cant have stoop shouldered stocks! Theyre supposed to be moving higher by every minute thats their NORMAL state of being!
Well of course they did; anyone expect a different outcome?
And by the way, within a week everyone will have forgotten this latest round of Greek rioting.
Nothing new here. Economies suck and the markets are green. The more things change, the more they stay the same.
Just not very green, and requiring a shitload of water and manure...
Nothing like a good-ole greek riot! Ireland has been raped to keep the Eurodream alive -- Nigel Farage, you have warned the paddies..
Dam thought Irish were tougher than that maybe the will kick those politicians out and overturn this.
Lets see if the Irish people will go Icelandic on them...or just let themselves become the bankster slaves (like we in the US have).
81 to 75. I have a feeling the people in the 75 column will have more than 81 friends in January.
Don't break out the champagne. The battle lines are drawn now. This means the protests, riots and disorder will continue and spread. And the response will get more draconian. Meanwhile, the rosy economic numbers that have to underlie all these sovereign deals (projections of bubbly growth every day forever just to cover the debt) will get further and further out of reach as disorder spreads and the New Economic Solution spreads biflation and kills the global middle class.
And as the sovereigns go, so goes the banking system of hopelessly intertwined banks.
Reverse Robin Hood.
Ireland riots in 3....2....1....
Representative democracy = fail
representative democracy + anything other than laissez faire capitalism (and that's being generous, presuming it is even possible) = farcism
I suppose to be perfectly fair, we could add "lobbying" and "the rise of the insulated corporate actor" to the left side of the equation, but I'll leave it as is...
I think you've nailed it. Oligarchy anyone?
Let's just give up the pretense and declare bankers "Kings" and get on with the beheadings.
This should not go through with such a minute majority. Something so important and affecting the whole of the population should not be decided by a majority of SIX people!
Same thing happens here... it's the 1% + the bottom 80% versus the rest of us. Tyranny of the majority.
pussies
Wonderful, more slaves on the camp.
Little Irishmen have been sold an bought, and did not do anything about it, shame on you, you deserve it.
Meanwhile Obama's backing the lame duck one point one TRILLION earmark orgy of waste here at home.
Thanks for pointing out that it's the fault of one political party.
The Republicans have nothing to do with this fiasco.
if this stands i agree...the irish people get what they deserve...
fuck the politicians...handle ur bizness....
Gee thanks Tyler
l always wanted to be Ollis little favourite.
Guess we are taking one for the "team" - up the anus
Just got back from a walk through my lilliputian city and the feeling of depression permeates the air.
It must be such a shock for people who did not see it coming - we could soon be entering Dickensian poverty levels.
Ah bah humbug.
I bet there'd be a good opportunity in opening a redhead mail order bride business soon.
I want one with green eyes. I have gold.
Boobs -- gimme boobs. And a paper sack if necessary.
Rule #2 to gold ownership, never trade it for flesh other than your own or immediate family.
[Rule #1 being to have enough liquidity to ensure you do not have to liquidate your gold].
Hint, just get her drunk and tell her you're an airline pilot or some shit. Hookers go to bars too and seek personal companionship... they just have fucked up personal relationships. To seal the deal, tell her you hate your father and come from a broken family... rent a hotel room to ensure she does not see all the pictures of your family and/or otherwise know where you live. Just be sure to warn her beforehand that you treat sex as a race and you're a solid sprinter. Wash well and seek an std test within a couple weeks.
Well yeah, if you are renting.
I know the rule you never buy anything that flys, floats, or eats, but I really, really want my very own Maureen O'hara.
http://www.youtube.com/watch?v=lcjLt2XlriU
Watch The Quiet Man. She laps the crap outta John Wayne.
Do I really want a woman like that?
One nation, under debt, with serfdom and poverty for all.They should've held a referrendum like Iceland did. RIP Emerald Isle
No surprise at all.
Another lesson served for the delusionals on this board who sold the Irish different from the Greek or French people. Irish were told to go on mayhem, riot, yield nothing...
Is it me or they have put even less of a fight than the Greek or French? Quite a reference, quite a reference.
I hope everyone on here that are admonishing the Irish live in Iceland (and definately not in the US). We here in the US have let bailout after bailout go by...not seen a single riot (except for those fighting for housing assistance).
That's only because people still believe that the Fed 'has their back'. Unfortunately, the Fed has the back of the banks and that's it. Everything they do has that single minded purpose.
But the facade is fading bit by bit. Biflation is killing the middle class and small non-connected business and it's just a question of time before the pain can't be rationalized.
The Fed is letting mortgage rates rise to kill any rise in housing prices. That's because 40% of CPI is housing, and they need to mask inflation.
THIS is the first $3 gasoline Christmas EVER! It previously was only in the summer. Ominous.
It's fecking depressing. We have a sheeple problem too and there's no difference between the government (with no popular mandate) and the opposition parties. What the Irish people don't see is the leveraged buy out is now complete, the debt accrued succesfully heaped onto the people (who forever more will be known as the consumers and mortgage holders) and 1/5 of our future revenues has now been pledged to our new owners. The thing is the sheeple are all convinced that we now own the banks and not the other way round.
only for the hot irish girls
"get your kneecaps"
--the bankers
This is the problem with electing officials who believe that the further you can "kick the can down the road", the better. This "bail-out" is not a bail-out of Ireland. It's a bail-out of the banks. Now that the Irish government owns the debt, they are completely at the mercy of the debt owners and the IMF, which will pillage the people's pensions and services. It's unconscionable. This is theft, pure and simple. If the "people", and their representative governments never took on the private debts, why should they be the ones paying for it? They never received consideration (i.e. benefits) from the debts. Private banking institutions had all the benefits, and now they expect the public to take on all the pain... A sad, sad day for the Irish people.
It is a sad day for the poor and pensioners around the world as it shows that the banksters continue their robbing ways and enslavement of the masses
Revolt
Pity Ireland doens't have a Second Amendment. I truly hope they suffer because they don't have the balls or the means to take their country back.
yea...and what has been going on here and we have the 2nd amendment...or did you miss the Trillions in bailouts and continued POMO antics?
See this wacko in Florida spray paints "The V for Vendetta logo" on the wall before going off the deep end? WARNING: Graphic Shooting Content. The first shots were blanks, but a guard shot the gunman with real bullets, then the gunman somehow killed himself.
http://www.sun-sentinel.com/news/nationworld/sns-viral-video-school-board-shooting,0,867396.htmlstory
It is a sad day for the Irish people but it's not gonna stop with us and unfortunatley your not gonna see any rioting either. Most of the people that are able have left the country or are preparing to. As Mary f*@k face Coughlan alludes to the wonderful ability of the Irish to desert a sinking ship. That alleviates the social pressure cooker. Those left behind are still drunk on the poteen flavoured alco-pop being spewed out by the government, teh banks and that retard Oli Rehn. I'm throwing darts at the map as we speak.
I think all these references at ZH to Olli Rehn are somewhat strange, that moron ever visits his old constituency in Finnish countryside ever again I might just get my old antic 8-gauge out of the cupboard...
Couldn't you arrange a tragic reindeer accident?
I have a song all ready to go.
"Olli got run over by a reindeer..."
The Greeks have still not adjusted to the overhaul of their pension system. They were out in the streets again serving cocktails...
http://www.dailymail.co.uk/news/article-1338821/Greek-protests-descend-c...
The discontentment of the masses is misplaced. If they want to accomplish something, they might consider directing their anger at the EU PTB instead of their own countrymen. Polarization of a country's people and their politicians keeps them both under control.
I wonder how popular the job and the current plan would be if a few EU ministers or Ollie went missing. Mind you, I am the nonviolent type and am not in favor of doing to bankers as they did to Kennedy, but is seems as if bankers and politicians sitting safe and sound on their Golden Thrones (no John Thain joke intended) have no motivation to do anything other than what keeps their boot on the neck of the debt slaves and caviar and champagne in their cupboards.
Damn IMF; "They're always after me lucky charms!"
Looks like just over half of Irelands politicians are Idiots. If you look close enough, you can see the IMF Bar-Code stamped on their foreheads. Or foreskin, depending on how hard you want to look..... Sad really. What happens in Europe will eventually happen in America. Prepare yourself.
The masses are asses.
Evil Ollie, minion of Satan, bags another one. I can envision him walking around with a scythe and a burlap sack.