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If there weren't any snakes in Eyerland before, they certainly are now. Just that they look suspiciously like IMF dudes.
International Misery Fund. All this talk of haircuts for Eyerish bond-holders is all talk talk.
The EyeMoFo is in the Da house! They eat pension funds for breakfast.
Now that is what I call a significant quantity of bullshit...
to be sure...
Tyler, dont lose ur precious time with news regarding PIIGS....
The system is corrupted...never gonna recognise they are all in default...the agenda says not the time....
"seems to be discounted"...by the strong hands...but no the "Haircuts"....
It's less likely to become a systemic risk if it's not a surprise when it happens. It's been a game of expectation management.
Plus, now there's now no reason why an Irish default would mean the end of the Euro. In fact it could make the union stronger. Merkel will be able to claim that there would be no transfer of wealth to pay for debt because the nasty, evil market has already paid it and so total integration wont cost Germany (I know, I know).
The defaulter would obviously have some minor funding issues and would, I'm sure, find a total loss of sovereignty an easy sell to people who would otherwise lose jobs, houses, pensions and healthcare.
I suppose that must be the end game that Delors planned.
still Inv Grade?...shurely shome mishtake
While this isn't surprising, now that the inevitable is here I'd expect an orderly run on Irish banks by institutional investors like national pension plans and sovereign wealth funds who require a sovereign credit rating of A- or better for the domiciles of their funds. This should be fun to watch.
Faith and Begorra! 'Tis certainly a trick for April Fools.
Other than Pension Fund Managers, who's dumb enough to listens to rating agencies?
Putting Ireland on a par with Tepco.
I don't think there's quite so many irradiated people working in Ireland...
Wrong. Ever been in the Irish Sea? 8 million litres of radioactive waste + lots of plutonium.
Are you implying that the Irish Sea is as polluted and radioactive as Japan?
Where's your data?
Starve the Government.....
7 Reasons Food Shortages Will Become a Global Crisis
Stable outlook? They must be joking!
We are a priest ridden nation - financial buggery is the new / old perversion - this can be forgiven every time a sin is committed.
3 Hail Marys and a Our Father should do it.
'But please note, this should not be taken as investment advice, it is only an OPINION'...
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