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Who Are The Primary Recipients And Beneficiaries Of The Bailout Agreement


YouKnowWhatIMeanLike

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Generations yet to be born will continue to pay for the excesses and orgy of greed by some in the last decade in Ireland. Now one has to wonder who the primary recipients and beneficiaries of the bailout agreement actually are.

I come up with the following list:

1. Politicians
2. Bankers
3. Property Developers
4. Public Sector Workers
5. Social Welfare Recipients
6. Quangos

Am I missing anyone?

There are of course secondary recipients and beneficiaries such as the legal and media profession which could be named as well.
 


potholedogger

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You forgot those with depositors in our banks, hundreds of thousands of people.
Farmers who get 1.5 billion agricultural subsidies.

The food sector which uses agri produce as a raw material supporting 250,000 jobs
Those on scoial welfare benefits some 2,000,000 people who get benefits totaling 21 billion each year.
 

RobertW

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Just being curious....why?
The idea that people who have lost their jobs and are now on social welfare or public sector workers who have all taken pay cuts totalling around 15% are somehow deemed to be one of the primary beneficiaries of the bailout is just beyond stupid.
 

YouKnowWhatIMeanLike

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You forgot those with depositors in our banks, hundreds of thousands of people.
Farmers who get 1.5 billion agricultural subsidies.

The food sector which uses agri produce as a raw material supporting 250,000 jobs
Those on scoial welfare benefits some 2,000,000 people who get benefits totaling 21 billion each year.
Are these EU subsidies you are referring to or local Irish subsidies?

2,000,000 people get benefits totaling 21 billion each year? that includes rent allowances, child benefits, education grants and everything else ?
 

Analyzer

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Welfare Mamas need your assistance. In desperate need. As much as they can get.



Now, get back to work, and pay up.
 
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Jackass

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Strange how it is 2 million when handing out benefits, yet it is less than 350,000 when the jobless figure is announced.
 

YouKnowWhatIMeanLike

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Some of the politicians are the bondholders.
Very much true, the majority of bondholders now reside in Ireland. Someone is playing a rather sick game with public opinion in Ireland. Noonans visit at the JP McManus mansion might not have been a coincident.

 
Last edited:

Analyzer

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NO CUTBACKS FOR THE ANGLO BONDHOLDERS IN THE BUDGET !!!!

Campaigners have met today with Minister Noonan to inform him that there must be no reduction in the allocation of funding to meet the needs of bondholders in the special needs category (Anglo Banglo). The leader of the campaign, a well fed plutocrat today told Pravda, that any exerting any pain on the bank bondholders would be a "damaging and retrograde step". "it would signal that Ireland is turning it's back on the plight suffered by the Anglo Bondholders".

An article was also published in THESH!TERIMES today, extolling the benefits to the Irish people of their continuing provision of generous helpings of their taxes to benefit the cause of the afflicted Bondholders.

Today, in Brussels, a statement from the EU Commission stated that the Commission had every confidence in the Irish people to continue to support the Anglo Bondholders. The Commission statement also contained praise for the boost to confidence to gamblers everywhere that is being provided by the stellar efforts of the Irish taxpayer.
 

4horsemen

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Generations yet to be born will continue to pay for the excesses and orgy of greed by some in the last decade in Ireland. Now one has to wonder who the primary recipients and beneficiaries of the bailout agreement actually are.

I come up with the following list:

1. Politicians
2. Bankers
3. Property Developers
4. Public Sector Workers
5. Social Welfare Recipients
6. Quangos

Am I missing anyone?

There are of course secondary recipients and beneficiaries such as the legal and media profession which could be named as well.


Do you understand the meaning of 'primary'? Then please give a meaning to 'bank bailout' since you could be examining the consequences of the Sept 2008 guarantee by the State of the depositers and bondholders in the Irish banks or do you mean the re-capitilisation and investment in the banks? I cannot see how you came up with your list from either of these meanings.
 

potholedogger

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Are these EU subsidies you are referring to or local Irish subsidies?

2,000,000 people get benefits totaling 21 billion each year? that includes rent allowances, child benefits, education grants and everything else ?
Ireland contributes to the EU budget and gets marginally more in EU funding in return. The farm sector are getting transfers of about 1.5 billion per year. If the State was without funding the Farmers would bewithout their subsidies and probably would not be able to supply the food sector.
 

Jackass

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Very much true, the majority of bondholders now reside in Ireland. Someone is playing a rather sick game with public opinion in Ireland. Noonans visit at the JP McManus mansion might not have been a coincident.

I'm glad you mentioned Noonan because the last time I mentioned Noonan and bondholder in the same sentence I got an ear bashing from FG quarters. I would also look further along the bench for the offshore, mining, and exploration investors.
 

YouKnowWhatIMeanLike

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Ireland contributes to the EU budget and gets marginally more in EU funding in return. The farm sector are getting transfers of about 1.5 billion per year. If the State was without funding the Farmers would bewithout their subsidies and probably would not be able to supply the food sector.
so 1.5 billion per year net payments from EU subsidies. But they are not linked to the bailout agreement, for the sake of the thread I just like to know where the 80 billion go directly and why Enda is not adjusting the exchequer figures more rapidly to reduce borrowing requirements.

I get the impression Enda is hoping for some permanent funding mechanism to the public sector in Ireland instead of bank deal. Sustainable is not something that comes to mind from looking at the current exchequer figures. The private sector will not be in position maintain the lavish lifestyle of many in the unproductive upper class after 2015. And more to the point why should the private sector and taxpayer?
 

potholedogger

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so 1.5 billion per year net payments from EU subsidies. But they are not linked to the bailout agreement, for the sake of the thread I just like to know where the 80 billion go directly and why Enda is not adjusting the exchequer figures more rapidly to reduce borrowing requirements.

I get the impression Enda is hoping for some permanent funding mechanism to the public sector in Ireland instead of bank deal. Sustainable is not something that comes to mind from looking at the current exchequer figures. The private sector will not be in position maintain the lavish lifestyle of many in the unproductive upper class after 2015. And more to the point why should the private sector and taxpayer?
The farm sector are getting 1.5 billion odd in subsidies in Ireland. The €1.5 billion is not the net transfer for the EU. Essentially if we do not pay to the EU we do not get the CAP money back.

Effectively the Irish Taxpayer is subsidising the Irish Farmer!
 

Disillusioned democrat

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The idea that people who have lost their jobs and are now on social welfare or public sector workers who have all taken pay cuts totalling around 15% are somehow deemed to be one of the primary beneficiaries of the bailout is just beyond stupid.
Here's my 2c worth...the government and everyone they pay, themselves, the public sector, recipients of social welfare, the semi-states, they're all living in the false expectation that recovery is around the corner and that the private sector will once again be able to pick up the tab. In the meantime they're borrowing to maintain this unsustainable lifestyle at the expense of the next two generations of tax payers, if not more.
 

Limerick Lad

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Do you understand the meaning of 'primary'? Then please give a meaning to 'bank bailout' since you could be examining the consequences of the Sept 2008 guarantee by the State of the depositors and bondholders in the Irish banks or do you mean the re-capitilisation and investment in the banks? I cannot see how you came up with your list from either of these meanings.
I could be wrong but the OP seems to be asking about who are the primary beneficiaries of the IMF/EU bailout agreement not the beneficiaries of the bank guarantee scheme.
 

Fractional Reserve

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Exactly .Its what governments do they buy votes using tomorrows money and they will keep doing it until the whole lot explodes .
Look at all western socialist states in the EU and also USA they are living on borrowed time , they are running out of cans to kick and roads to kick them down .This sovereign debt crisis is only begining wait until late next year or early 2014 when the French are attacked then the fun really starts .Governments scapegaot everyone , never blame themselves , well they have done a fine job of bankrupting their countries using vote bribing bonds.
Here's my 2c worth...the government and everyone they pay, themselves, the public sector, recipients of social welfare, the semi-states, they're all living in the false expectation that recovery is around the corner and that the private sector will once again be able to pick up the tab. In the meantime they're borrowing to maintain this unsustainable lifestyle at the expense of the next two generations of tax payers, if not more.
 

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