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Has the Run on Ireland Begun?


grafter1

Well-known member
Joined
Apr 1, 2010
Messages
829
Folks the Irish 10 year has jumped to 5.88% this morning.

We all know the amount of money the Irish banks and the NTMA are trying to raise this month alone.

Hold on to your hats and whatever else you can hold on to.
 

Conor

Moderator
Joined
Apr 7, 2004
Messages
5,206
Folks the Irish 10 year has jumped to 5.88% this morning.

We all know the amount of money the Irish banks and the NTMA are trying to raise this month alone.

Hold on to your hats and whatever else you can hold on to.
What's the spread over bunds?
 

mr_anderson

Well-known member
Joined
Dec 12, 2007
Messages
9,967
Ouch.

Guess theres one way of getting around this - stop borrowing !
But then, that would necessitate FF tackling our €20 billion annual deficit head-on.
Interesting times ahead.
 

jpc

Well-known member
Joined
Jun 14, 2007
Messages
4,339
Yes the mood music is changing big time.
No one is listening to the govermemt anymore.
 

ballot stuffer

Well-known member
Joined
May 21, 2007
Messages
1,503
Thanks Seanie! Thanks Fianna Fail! Thanks Neary!
 

Hound

Active member
Joined
Sep 28, 2009
Messages
287
looks very like we are headed for the cliff edge to me. So much for lenihans 'hold our nerve' comments of jusr yesterday.
 

DeputyEdo

Well-known member
Joined
Aug 9, 2010
Messages
3,462
Sure we've "turned the corner"...apparently...we'll all be fine.
 

jpc

Well-known member
Joined
Jun 14, 2007
Messages
4,339
And that scutterbucket Callery is the main story at the moment on the radio.
Very sad times.
 

LDF

Well-known member
Joined
May 28, 2007
Messages
4,171
Ouch.

Guess theres one way of getting around this - stop borrowing !
But then, that would necessitate FF tackling our €20 billion annual deficit head-on.
Interesting times ahead.
Mr Anderson, I share your cynicism. Nothing defined FF in 2010 more clearly than yesterday's announcement that that rancid, tax guzzling maffia otherwise known as FÁS was going to reform itself .... by changing its name. Jesus wept.
 

thebig C

Well-known member
Joined
Jun 19, 2008
Messages
856
Mr Anderson, I share your cynicism. Nothing defined FF in 2010 more clearly than yesterday's announcement that that rancid, tax guzzling maffia otherwise known as FÁS was going to reform itself .... by changing its name. Jesus wept.
True....it was vomit inducing. Also, I thought something else that defined Ireland in 2010 was the way the PS unions steadfastly refused any kind of reform in FAS.....and predictably FFs and the PS Unions interests seem to merge.

The most shocking statement I heard in a long time was a TEEU rep yesterday stating that a FAS apprenticship was "the best in the world"!!!

If anything show show the markets that the establishment in Ireland haven't faced up to reality, and don't even know how to appropriately cut borrowings its the FAS debacle!

C
 

jpc

Well-known member
Joined
Jun 14, 2007
Messages
4,339
True....it was vomit inducing. Also, I thought something else that defined Ireland in 2010 was the way the PS unions steadfastly refused any kind of reform in FAS.....and predictably FFs and the PS Unions interests seem to merge.

The most shocking statement I heard in a long time was a TEEU rep yesterday stating that a FAS apprenticship was "the best in the world"!!!

If anything show show the markets that the establishment in Ireland haven't faced up to reality, and don't even know how to appropriately cut borrowings its the FAS debacle!

C
The reality cheque is in the post as we speak.
 

grafter1

Well-known member
Joined
Apr 1, 2010
Messages
829
We've just hit 5.90%. There must be some serious flow of funds of the country
 

RightCentreLeft

Well-known member
Joined
Jul 22, 2010
Messages
928
We've just hit 5.90%. There must be some serious flow of funds of the country
Sailor Laughed at me last week when I said it would go this high and I was wrong. Looks like I was only a week wrong! This is serious though. really serious.

5.908 now
 
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