Ireland is bankrupt. We just have 60 days of money left!!!

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We just have 60 days of money left!!! Bankrupt Ireland

Scary stuff this,

I found the link from Brian Lucey on Twitter, according to these sources we just have 60 days of cash left!!!!!


Grant, Brynjolfsson Interview About Ireland Debt Crisis - Video - Bloomberg


Grant, Brynjolfsson Interview About Ireland Debt Crisis

Nov. 8 (Bloomberg) -- Mark Grant, managing director at Southwest Securities Inc., and John Brynjolfsson, chief investment officer at Armored Wolf LLC, talk about Ireland's sovereign debt crisis. European Union Economic and Monetary Affairs Commissioner Olli Rehn said today he endorses the Irish government’s plan to cut spending and raise taxes by as much as 6 billion euros ($8.4 billion) in 2011. (Source: Bloomberg)
 
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eoghanacht

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Survival of the fittest now folks.

See ye on the other side.
 

The Banker

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Ok, we will have one last Christmas where we can gorge ourselves on Ham, Turkey and Pudding.
Then it is a case of buying tinned products, beans/fruit etc and prepare for whatever comes down The Road.
 

Brehon

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John Fitzgerald from ESRI seems to think we have enough cash reserves to last until late next year if we cash in pension fund, stocks in companies, etc Government will have to decide very soon what direction they are going to go. If they go to markets they won't get a cent, hi ho hi ho its off to the IMF we go...
 

hammer

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Well we aren`t spending the capital budget so that should be an indication that we are trying to stretch our available resources.
 

loner

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Ok, we will have one last Christmas where we can gorge ourselves on Ham, Turkey and Pudding.
Then it is a case of buying tinned products, beans/fruit etc and prepare for whatever comes down The Road.
Should we abolish Christmas?
 

charley

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They said they had enough money until next june + €20billion in the pension fund so they should announce that Ireland will not be borrowing until early 2012
 

/etc

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What it boils down to is this: we don't have enough money to repay both the bank debts and sovereign debts. The choice is clear - repay our sovereign debts and screw the banksters. It's not a hard choice Lenny. Do it and save our nation!!!!
 

Partizan

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John Fitzgerald from ESRI seems to think we have enough cash reserves to last until late next year if we cash in pension fund, stocks in companies, etc Government will have to decide very soon what direction they are going to go. If they go to markets they won't get a cent, hi ho hi ho its off to the IMF we go...
The same wasters from the ESRI that got every single one of its forecasts wrong during and after the bubble. Yes thats right Mr Fitzgerald, sell off what little we have left to the bankster fat cats and the Franco-German bondholders who took a punt on the Irish market and lost. Hell we will even throw in our children to be sold into slavery just like they were by Cromwell. Face it John, it's over for you traitors, time to step off the stage. Enter the IMF and this little ditty by the Big O. Take it away Roy.

[ame="http://www.youtube.com/watch?v=ycCluvrNOTs"]YouTube - ROY ORBISON- it's over[/ame]
 

Holy Cow

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Are there any accountants on here? Maybe somebody can make a cashflow forecast for the country?

Please include the following bond repayments.

December 8 2010 -€800 million
January 14 2011 -€2 billion
February 14 2011 -€1.2 billion
March 14 2011 -€1.8 billion
April 18 2011 -€1.3 billion
 

Holy Cow

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€7 billion needs to be found quickly to pay those bonds back.
 

Barnacle

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Interesting what is on the Order Paper for the Dáil today.


That Dáil Éireann, pursuant to Article 29.5.2º of Bunreacht na hÉireann, approves the terms of the Borrowing Agreement between Ireland and the International Monetary Fund, signed on 3rd February, 2010, a copy of which was laid before Dáil Éireann on 23rd February, 2010.”

—An tAire Airgeadais
Sign of things to come?
Or is this the agreement of us lending to them?
 
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Aindriu

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Should we abolish Christmas?
Why not? It's pure unadulterated commercialism these days and isn't even a Christian Festival! It is an old Pagan Roman one to welcome the return of the sun.
 

charley

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AIB will need more cash before Christmas,The government have none to give them and no way of getting any.Should anyone with money in an AIB account withdraw it now?
 

PUFF DADDY

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AIB will need more cash before Christmas,The government have none to give them and no way of getting any.Should anyone with money in an AIB account withdraw it now?
fair point and what is the situation with the bank guarantee up end of Dec '10
 

Squire Allworthy

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AIB will need more cash before Christmas,The government have none to give them and no way of getting any.Should anyone with money in an AIB account withdraw it now?
If you did take this precaution would you be any the worse off for doing so?
 


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