Honohan on VB 4.10.10

He3

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Like it says on the tin
 
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nicht besonders

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Not exactly confident on the "final" nama figures is he? Very cautious.
 

He3

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This is manageable and there is a political elite to manage it

Is PH really FT?
 

spidermom

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This is manageable and there is a political elite to manage it

Is PH really FT?
Wasn't it lovely to hear that the "manageable" bit is to reassure the markets et al!?!?

Either it is or it isn't!!
FFS..:(
 

The Field Marshal

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Im very apprehensive.

Honohans admitted his reassurance that Ireland can manage this problem was targetted at the foreign market and not the domestic market.

He is basing his faith on a political elite that will do all this.

It does not seem possible for Irish govts to slash 4 billion from budgets every year for the next 4 years.
 

lonemother

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The next four budgets are 'manageable' when we're talking to the markets, but they're a 'catastrophe' at home......
 

MPB

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This is manageable and there is a political elite to manage it

Is PH really FT?
He did not sound very convincing. More or less said that the manageable story is spin for the International Markets, while the reality for the tax payer is different.

As for the Bank bailout, it looks like Peter Matthews 62 billion is looking more like the figure.

He sounded like a man who has tried to convince himself that everything would be alright, but failed and does not want anybody else to feel his pain.
 

White Horse

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"Manageable" implies scorched earth post-apocalyptic devastation at home.

Imagine Cormac McCarthy's "The Road".
 

sport02

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The next four budgets are 'manageable' when we're talking to the markets, but they're a 'catastrophe' at home......
That's the problem, trying to bend over backwards for the international markets and bondholders, and look where it has got us, it is anybody's guess at what rate we will borrow at the next time we go to the market.
FF'S plan hasn't and isn't working, it is obvious now we should of let Anglo fold, and support our other banks.
Why don't we seem to get anything right in this country, for goodness sake.
 

He3

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The next four budgets are 'manageable' when we're talking to the markets, but they're a 'catastrophe' at home......
Assuming the 'markets' don't watch tv3... or p.ie
 

SilverLining

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What a waste of airtime. This man is such a contrdiction. The term "manageable" coming out both sides of his mouth with separate meanings. The professor should have stayed at university. He seems totally unsuited to be any position to effect any change to the banking/financial culture.
 

spidermom

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Assuming the 'markets' don't watch tv3... or p.ie
Bit "Dads Army" this...either we...."Don't Panic"....or...."we're Doomed".....


Should close this thread now....just in case....THEY are watching.....:)
 

He3

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Too late spidermom they're behind you...
 

spidermom

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Too late spidermom they're behind you...
ARA...they've been there so long now I hardly notice anymore...:)
 

TonyBird

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What a waste of airtime. This man is such a contrdiction. The term "manageable" coming out both sides of his mouth with separate meanings. The professor should have stayed at university. He seems totally unsuited to be any position to effect any change to the banking/financial culture.

In fairness to the guy , he has to show some political restraint . His hands are tied . He didnt invent our stupid system , he merely inherited it . Its not for him to 'rock the boat'
That should be the job of citizens.
 

loner

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Im very apprehensive.

Honohans admitted his reassurance that Ireland can manage this problem was targetted at the foreign market and not the domestic market.

He is basing his faith on a political elite that will do all this.

It does not seem possible for Irish govts to slash 4 billion from budgets every year for the next 4 years.
Maybe we should leave FF and the Greens there to finish the country--Honohan seemed to indicate that they have made a considerable number of blunders so far---why change a winning team?
 

loner

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What a waste of airtime. This man is such a contrdiction. The term "manageable" coming out both sides of his mouth with separate meanings. The professor should have stayed at university. He seems totally unsuited to be any position to effect any change to the banking/financial culture.
He very clearly drew attention to the content of his report--suggest you read it.
 
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