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Sindo: "Fears that 'historic' debt deal is illegal"


Dublin 4

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CONCERNS are growing that the Government's 'historic' agreement with the ECB on the promissory notes is illegal.
Writing exclusively in today's Sunday Independent, the former chief financial officer of Anglo Irish Bank, Maarten van Eden, describes the deal as being in breach of the ECB's "fundamental rule against monetary financing".
Elsewhere in today's paper, UCD economist Colm McCarthy also expresses his fears for the future of the prom note agreement, saying: "Central Bank governor Patrick Honohan expressed confidence in an RTE interview last Sunday that the promissory note deal with the ECB would not unravel. A week later, the unravelling appears to have commenced."


Fears that 'historic' debt deal is illegal - Independent.ie

Ironic that van Eden worked for Anglo - of all places! :shock2:

But with Snipper Mac joining the gathering of "Deal" skeptics, we can be sure of one thing;-

There is goin to be some craic with the Pro No's, Hono & the No-no's... :oops:
 


commonman

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Another rushed late night sitting in the Dail leads to another mess.
 

General Urko

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Did Baldy not claim recently that the original promissory notes were illegal in the first place! Thus lending support to the argument that the new deal (the worst 'win', we could possibly have had and obviously the ECB saw them coming!) was cobbled together hastily for fear of a virtually inevitable supreme court judgement!:mad:
 

General Urko

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Another rushed late night sitting in the Dail leads to another mess.
Don't go to hard on the scum at that Dail Sh!tting, many of them were well beyond the legal limit at it! Indeed as a mate suggested some TDs surely snorted some of the devil's dandruff of toilet seats in Leinster house prior to the vote! Unlike alot of us they wouldn't have been stuck for a 5€ note as a conduit for it!
 

Shqiptar

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The Bundesbank said in yesterday's IT that it didn't want the deal reopened....?
 

statsman

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Dublin 4

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It "fears" - like a lot of Europe.

Yes stats - that paper is incapable of thinking at times.

Inter alia, I'm concerned about Snipper Mac's view of things though... :|
 

wombat

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The Bundesbank said in yesterday's IT that it didn't want the deal reopened....?
What would they know compared to the infinite wisdom of Sindo columnists?
 

Cato

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sic transit

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ne0ica

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Analyzer

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At this stage a lot of what the ECB are doing is illegal.

Would not make any difference, in the scheme of the entire scam.

Needless to say the ECB does not have any reservations about forcing PAYE taxpayers to throw billions at failed gamblers holding Seanie Bonds. That is 100% legal.

The ECB is a farce.
 

Sync

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The Bundesbank said in yesterday's IT that it didn't want the deal reopened....?
Yes but now you've got an unemployable banker who failed in his CFO role at Anglo and who has no inside knowledge of what the ECB's opinion is saying the opposite. Surely that matters more?
 

ruserious

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That's the problem with the EU. Too rigid. They are afraid of creating new methods to combat new problems because of this fear of precedent. So what if a precedent is set, if it solves the problem so feck!
Old rules do not solve new problems.
 

wombat

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Yes but now you've got an unemployable banker who failed in his CFO role at Anglo and who has no inside knowledge of what the ECB's opinion is saying the opposite. Surely that matters more?
Certainly to the Sindo:lol:
 

captainwillard

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Will someone ask Carol Hunt to please stop whinging about negative equity? She does this every single week. It never stops.
 

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