Intensive talks between European and Irish Central Banks ongoing this weekend - SBP

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davidcochrane
Pat Leahy in the Sunday Business Post tomorrow writes of the chances / likelihood of Ireland needing to be bailed out. In the paper's lead story entitled "EU bailout pressure intensifies" the paper's political editor reports that there are signs of a rift between Ireland and the EU.

The European Central Bank is believed to be among those explicitly urging the government to apply to the European bailout fund, which Frankfurt believes would calm the turmoil on the markets and lessen the funding pressures on our troubled banking sector.
- Pat Leahy in the Sunday Business Post​

Leahy goes on to report that "intensive high-level talks" between Dublin and Brussels are ongoing in advance of a meeting of Eurozone finance ministers on Tuesday.
 


dalywise

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If any poster is hanging around Dame Street, or Merrion Street, could you count how many windows in the Central bank and Government buildings have the lights on. That would be an indication.
 
R

RepublicanSocialist1798

A matter of not if but when.

How long do ye think before the government officially announces it?
 

redzer

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If all of this is going on now, is John Gormley a part of it - or is he asleep in his bed at home?
 

irishpancake

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If any poster is hanging around Dame Street, or Merrion Street, could you count how many windows in the Central bank and Government buildings have the lights on. That would be an indication.
Yeah, if you look close enuff, you will see Tonic/Hal slaving over a hot keyboard, spinnin more of his sh1te
 

Keith-M

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Pat Leahy in the Sunday Business Post tomorrow writes of the chances / likelihood of Ireland needing to be bailed out. In the paper's lead story entitled "EU bailout pressure intensifies" the paper's political editor reports that there are signs of a rift between Ireland and the EU.

- Pat Leahy in the Sunday Business Post

Leahy goes on to report that "intensive high-level talks" between Dublin and Brussels are ongoing in advance of a meeting of Eurozone finance ministers on Tuesday.
The EU knows that there is major danger of contagion, that would bring down the whole single currency. They should simply tell the idiots that we call a government, that they have two choices, take the money and all the conditions that go with it and continue to lead their puppet government or to admit defeat and announce a timetable for leaving the Euro.
 

Kalan

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Heroic

This is a truly heroic defense of Irish sovereignty by Cowen, Lenihan, and Gormley. How dare the Germans try and force a bailout on us and take away our independence!
 

Keith-M

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Uh oh...any bets mass privatisations and job cuts are among those things being discussed?
Hopefully but we need a lot more than that, cuts in the minimum wage, welfare and major cuts in the public service. In short, all the good stuff that we should have been dong for the last two years. Bring it on, I don't care who's conducting the orchestra as long as they are playing the right tune.
 

dalywise

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At this stage we have the BBC, Bloomberg, the FT, Reuters and now the SB Post reporting the same thing essentially. I seriously doubt that these 5 organisations, (4 of them with worldwide reputations to uphold), and all 5 with reputations for accurate reporting, would print nonsense.

That, and the fact that Cowen is denying it, confirms for me the truth of the reports.
 

sport02

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At this stage we have the BBC, Bloomberg, the FT, Reuters and now the SB Post reporting the same thing essentially. I seriously doubt that these 5 organisations, (4 of them with worldwide reputations to uphold), and all 5 with reputations for accurate reporting, would print nonsense.

That, and the fact that Cowen is denying it, confirms for me the truth of the reports.
Also the Wall Street Journal.
 

olamp

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This is a truly heroic defense of Irish sovereignty by Cowen, Lenihan, and Gormley. How dare the Germans try and force a bailout on us and take away our independence!
" heroic defence"??? I presume you are joking.
 

antiestablishmentarian

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Hopefully but we need a lot more than that, cuts in the minimum wage, welfare and major cuts in the public service. In short, all the good stuff that we should have been dong for the last two years. Bring it on, I don't care who's conducting the orchestra as long as they are playing the right tune.
Yeah sure, more of the same that caused the crisis should fix it right :lol: :roll:
 

LiquidPaddy

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Cowen's response could start with:

[ame=http://www.youtube.com/watch?v=MSHaCzb3yYk]YouTube - Father Jack says sorry![/ame]
 

Tomas Mor

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This is a truly heroic defense of Irish sovereignty by Cowen, Lenihan, and Gormley. How dare the Germans try and force a bailout on us and take away our independence!

This could well be the gov defence - it was forced on us and there was really no need. Soldiers of Destiny are like the final days in Berlin,unable to escape but reluctant to surrender.Probably all Biffo is thinking is how he might be able to postpone it until after Donegal SW election !
 

Keith-M

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Yeah sure, more of the same that caused the crisis should fix it right :lol: :roll:
Eh no, we (and by "we", I mean the government) inflated the minimum wage to an unsustainable level where it's the second highest (to Luxembourg) in the EU . That needs to be reversed. We increased welfare far in excess of inflation. That needs to be reversed. We inflated the public sector wage bill by levels that were unsustainable and unjustified. that needs to be reversed. We haven't had any proper privatisation in years. All our utilities are still in government control. That needs to be reversed. We took far too many low earners out of the tax net. That has to be reversed.
 
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