FF Read this! - France Joins Germany Ganging Up on Bondholders

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French Finance Minister Christine Lagarde said investors must share the cost of sovereign debt restructurings, backing a German call that helped send yields on Irish and Portuguese bonds to record highs.

“All stakeholders must participate in the gains and losses of any particular situation,” Lagarde said during an interview yesterday in Paris for Bloomberg Television’s “On the Move” with Francine Lacqua. “There are many, many ways to address this point of principle.”
France Joins Germany Ganging Up on Bondholders - Bloomberg


Will ye listen Fianna FAIL?

Will ye listen to your beloved EU masters? They are telling you to let the bond markets take the pain.

Expect our yields to go through the roof now!
 


Ah Well

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Fianna FAIL wont even cancel their 8 weeks Xmas holidays :(
Don't the poor dears need a break from the trauma of it being the last of the Roman Empire and all .....

Season to be jolly indeed - not to worry, it'll all be grand, going forward .... :rolleyes:
 

Franzoni

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Holy Sh1t.......:shock2:...Cowen should get in his Merc and head for the aras.....
 

Partizan

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Holy Sh1t.......:shock2:...Cowen should get in his Merc and head for the aras.....
There is more chance of Clowen getting into the Merc and heading down to the brother's boozer in Clara to get sh1tfaced than him taking the honourable step to go to the Aras.
 

deiseguy

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Anybody got a link showing the other pigs yields that article seemed to say we were not the only ones being hammered. We may be worst hit but a bit of perspective wouldn't hurt.
 

warenzevon

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Holy Sh1t.......:shock2:...Cowen should get in his Merc and head for the aras.....
I second that, but first lets have a hands up in the dail on who wants to be in the next govt., excluding "zanu" of course, and let them get on with it immediatly.
And throw in a couple of bishops as well given their reputation for tuffness in the face of adversity!
 

eoghanacht

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France Joins Germany Ganging Up on Bondholders - Bloomberg


Will ye listen Fianna FAIL?

Will ye listen to your beloved EU masters? They are telling you to let the bond markets take the pain.

Expect our yields to go through the roof now!
Did anyone see VB last night. The yank on it was spot on.

When you owe the bank 90k they own you. When you owe them 900k you own them.

Even Merkel is saying bondholders will have to take a hit.
 

Ah Well

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Did anyone see VB last night. The yank on it was spot on.
Interesting character alright. It was a good Show cept for the difficulty in understanding what the Icelander was saying - his English was very poor ...
 

Lord Wellington

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Did anyone see VB last night. The yank on it was spot on.

When you owe the bank 90k they own you. When you owe them 900k you own them.

Even Merkel is saying bondholders will have to take a hit.
This is the man.

William Black.

Well worth 30 minutes of your time.

[ame=http://www.youtube.com/watch?v=Rz1b__MdtHY]YouTube - BILL MOYERS JOURNAL | William K. Black | PBS[/ame]
 

GreenIsGood

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This is great news.

Lagarde is saying that all of the pain should not be dumped on irish society just to bail out German banks.

She is saying that Ireland's peasant suicidal economic policies have failed. Capitalism must be allowed to work as it should and losses must be imposed on bondholders.

Ireland's banking and sovereign debt will be restructured.
 

eoghanacht

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Infantile, thread and posts.
Whereas your heros handling of this debachle has been what?

A testament of what not to do.

They'll be holding up FF's reaction to the international financial crisis as the perfect example of what NOT to do in situations like this.

Cowen, Lennie and Bertie can make a nice few quid lecturing economics/business graduates on not to handle a crisis.
 


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