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No wonder Europe loves us.....


Disillusioned democrat

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Joined
Mar 16, 2010
Messages
15,617
Despite RTE being very quite about this, it seems that little Ireland has picked up the lions share of the tab for Europe's banking crisis.

42% of Europe

Indeed Ireland has paid more than Germany, whose banks lent recklessly to private Irish businesses, to fill the hole left behind. It would seem that our government (past and present) have been extraordinarily generous with their tax payers money in selflessly filling the chasm left behind.

All Europe has to do is throw a few trinkets and awards at our leaders and tell them that they are the envy of Europe, a model for the rest of the world, blah, blah, and they'll continue to put the boot in to make Irish people more and more indebted to the countries whose banks should have lost out.

When you see headlines like this you need to make sure there's medication close by.
 

joemac67

Well-known member
Joined
Nov 20, 2012
Messages
681
Despite RTE being very quite about this, it seems that little Ireland has picked up the lions share of the tab for Europe's banking crisis.

42% of Europe

Indeed Ireland has paid more than Germany, whose banks lent recklessly to private Irish businesses, to fill the hole left behind. It would seem that our government (past and present) have been extraordinarily generous with their tax payers money in selflessly filling the chasm left behind.

All Europe has to do is throw a few trinkets and awards at our leaders and tell them that they are the envy of Europe, a model for the rest of the world, blah, blah, and they'll continue to put the boot in to make Irish people more and more indebted to the countries whose banks should have lost out.

When you see headlines like this you need to make sure there's medication close by.

They were right all along , paddy is dumb , very very very dumb !
 

Levellers

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Joined
Apr 30, 2011
Messages
14,103
As was said by a minority at the start of all this - burn the bondholders.

We are not Iceland. Bloody right we are not. They are out of their recession.
 

bob3367

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Joined
Jan 11, 2007
Messages
8,083

bob3367

Well-known member
Joined
Jan 11, 2007
Messages
8,083
As was said by a minority at the start of all this - burn the bondholders.

We are not Iceland. Bloody right we are not. They are out of their recession.
And are likely to re-elect the party that got them into the mess.
 

PO'Neill

Well-known member
Joined
Aug 1, 2011
Messages
12,425
Website
www.facebook.com
Despite RTE being very quite about this, it seems that little Ireland has picked up the lions share of the tab for Europe's banking crisis.

42% of Europe

Indeed Ireland has paid more than Germany, whose banks lent recklessly to private Irish businesses, to fill the hole left behind. It would seem that our government (past and present) have been extraordinarily generous with their tax payers money in selflessly filling the chasm left behind.

All Europe has to do is throw a few trinkets and awards at our leaders and tell them that they are the envy of Europe, a model for the rest of the world, blah, blah, and they'll continue to put the boot in to make Irish people more and more indebted to the countries whose banks should have lost out.

When you see headlines like this you need to make sure there's medication close by.
Spot on, but that's the Gombeen state since 1922. Fianna Gael and Fine Fail etc would happily slaughter their own first born just to prove they were ' good Europeans ' or in the interest of ' good Anglo Irish relations '. Irish independence with the Treaty in 1922 more ar$e.

 

firefly123

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Joined
Dec 8, 2009
Messages
28,155
Well if Kenny doesn't use this figure to hammer home a deal then he's not worth a white dog shíte to us. It really puts things into context. I'm kind of stunned after reading that article.
 
D

Dylan2010

Spot on, but that's the Gombeen state since, whether it's the Brits or Merkozy, and then people talk about ' Irish independence since 1922 ' :roll: When any foreign govt says jump, the Free State says how high.

your SF chumps voted for the bailout , or did I imagine that, As Dara O'Brien would say "get in the sack..."
 

Spanner Island

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Joined
Feb 22, 2011
Messages
24,203
We are a nation of mugs and gobsh!tes led by ingratiating EU arse kissing cowards...

I hope Kenny & Co. aren't expecting any kudos should they manage to get a 'deal' on the promissory notes... something Creighton was banging on about again yesterday...

I do wish they'd just shut the f*** up until a 'deal' is actually done and dusted.

We need a lot more than simply a deal on the promissory notes...

We need debt write offs and nothing less...
 

firefly123

Well-known member
Joined
Dec 8, 2009
Messages
28,155
We are a nation of mugs and gobsh!tes led by ingratiating EU arse kissing cowards...

I hope Kenny & Co. aren't expecting any kudos should they manage to get a 'deal' on the promissory notes... something Creighton was banging on about again yesterday...

I do wish they'd just shut the f*** up until a 'deal' is actually done and dusted.

We need a lot more than simply a deal on the promissory notes...

We need debt write offs and nothing less...
After reading that I am inclined to agree. If we are a union of states then its time some unity was shown because those figures are unsustainable. Can we then organise a lynch mob for a few key individuals?
 

Disillusioned democrat

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Joined
Mar 16, 2010
Messages
15,617
Well if Kenny doesn't use this figure to hammer home a deal then he's not worth a white dog shíte to us. It really puts things into context. I'm kind of stunned after reading that article.
Yeah - funny how it's nowhere to be seen on Pravda....if Kenny can't make a better deal after this he needs to go.
 

Trainwreck

Well-known member
Joined
Sep 6, 2012
Messages
26,809
Despite RTE being very quite about this, it seems that little Ireland has picked up the lions share of the tab for Europe's banking crisis.

42% of Europe

Indeed Ireland has paid more than Germany, whose banks lent recklessly to private Irish businesses, to fill the hole left behind. It would seem that our government (past and present) have been extraordinarily generous with their tax payers money in selflessly filling the chasm left behind.

All Europe has to do is throw a few trinkets and awards at our leaders and tell them that they are the envy of Europe, a model for the rest of the world, blah, blah, and they'll continue to put the boot in to make Irish people more and more indebted to the countries whose banks should have lost out.

When you see headlines like this you need to make sure there's medication close by.
You are complaining that Ireland has stumped up for the majority of losses incurred by Irish developers and individual housebuyers.

You can gripe about the stupidity of our government underwriting the liablitiies of our banks and how they recklessly transferred risk from foreigners to us. But you shouldn't ignore who was the source of the losses in the first place. We were.
 

PO'Neill

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Aug 1, 2011
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your SF chumps voted for the bailout , or did I imagine that, As Dara O'Brien would say "get in the sack..."
No SF didn't. Legislation in the Dáil must go through a number of stages to be agreed, five to be specific. At the end of each stage the Dáil must agree that it moves to the preceding stage, and then there's a final vote, the fifth stage, on the bill. When the initial proposal (Credit Institutions Bill 2008) was rushed to the Dail to support the banks or otherwise they would have collapsed the next day in Sept 2008, Sinn Féin conditionally supported the legislation moving to the next stage. This was not a vote for the bank guarantee, it couldn't have been as the agreed text of the bank guarantee hadn't even been finalised. As Sinn Féin made clear at the time, the party was opening to supporting the final version if certain amendments were made. When the subsequent and final versions of the legislation to give effect to the bank guarantee scheme came before the Dáil the changes Sinn Féin had requested were not in it. Accordingly, the party voted against it.
 

shiel

Well-known member
Joined
Feb 14, 2011
Messages
16,888
A small number of powerful people around the cabinet table and at the top of our financial institutions made decisions that bankrupt the country.

They should have been held to account by our so-called free press but they weren't.

If the Germans or whoever had refused to give us loans then there would have been an unholy outcry in our media along the lines of the domineering Hun taking the bread out of the mouth of poor Paddy or some such emotional diatribe.

Our most powerful citizens made the decisions which bankrupt the country.

Blaming everyone else is pathetic.

Anyway, as a result, we are now depending on foreigners to keep the holes in the wall open.

So we are not in a very good negotiating position.
 

Disillusioned democrat

Well-known member
Joined
Mar 16, 2010
Messages
15,617
After reading that I am inclined to agree. If we are a union of states then its time some unity was shown because those figures are unsustainable. Can we then organise a lynch mob for a few key individuals?
The key individuals are either dead or retired on glorious pensions.

I posted many, many times before that I believed it was a cynical ploy to get "dead man walking" Lenihan to do the dirty deed, it's perfectly obvious now why. Cowen, Neary, Hurley and all the senior DoF CS involved have written this countries obituary and have walked off into the glorious sunset.
 

Disillusioned democrat

Well-known member
Joined
Mar 16, 2010
Messages
15,617
A small number of powerful people around the cabinet table and at the top of our financial institutions made decisions that bankrupt the country.

They should have been held to account by our so-called free press but they weren't.

If the Germans or whoever had refused to give us loans then there would have been an unholy outcry in our media along the lines of the domineering Hun taking the bread out of the mouth of poor Paddy or some such emotional diatribe.

Our most powerful citizens made the decisions which bankrupt the country.

Blaming everyone else is pathetic.

Anyway, as a result, we are now depending on foreigners to keep the holes in the wall open.

So we are not in a very good negotiating position.
The official propaganda channel, RTE, still doesn't have this on the web site - somethings NEVER change.
 

firefly123

Well-known member
Joined
Dec 8, 2009
Messages
28,155
You are complaining that Ireland has stumped up for the majority of losses incurred by Irish developers and individual housebuyers.

You can gripe about the stupidity of our government underwriting the liablitiies of our banks and how they recklessly transferred risk from foreigners to us. But you shouldn't ignore who was the source of the losses in the first place. We were.
I may be wrong but I don't think our debt crisis is caused by individual house buyers. Yes we have many mortgages in arrears but is that the cause of our problems? This was a few big boys buying up everything in sight.
 
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