Rumour Control ie the bailout/nonbailout of the Irish republic

[gaelic cowboy]

Gaelic is no longer an interesting conversation partner. He does not represent a sovereign country anymore. So let's rather discuss the terms under which Britain can resume control over paddystan again.

I propose we consider it in the context of the inevitable demise of Belgium. How about the UK gets Ireland, France gets to assume control over Flanders, and we satisfy any German demands by offering them Greece?

Ha ha mwah ha ha the Euro is doomed the longer we stay inside it and you know it, EU governemts are themselves that potentially FF wont accept the bailout a potential timebomb for Spain/Portugal/Greece/Italy.

When the Irish government says it's fully funded there not lying you know hence every finance minister is coming to Dublin to basically threaten/cajole/plead with our government to take the bailout to save the rest of the PIIGS(Greece/Portugal check there statements if you still havent figured it out yet)

You need to get serious about the fact the Euro is a political and not an economic construction since that means sensible economic policy is not followed this will just happen again and again and again. No one here actually wants the bailout we would actually prefer to just cut and work hard at sorting our own economy, but we are not heartless we talking about a possible once off full complete bailout of our banks to satisfy the bond traders in order to help the bond rates cool for the other and far larger PIIGS.

I predict if Ireland takes EFSF money the bond markets will not be satisfied and will move to the next target, far better to take a strictly IMF bailout that avoids the EFSF(it cant be used for banks anyway). The markets have been sceptical about it's implementation since the beginning anyway they believe if EFSF is invoked it will just lead to a race of the PIIGS to get it eventually Germany calls a halt by devaluing all the debt and transferring ownership of distressed banks to bondholders.

The last thing we need is more government debt and why should Germany give us money anyway I say let the IMF run BOI, AIB, and Anglo into the ground ordinary depositers money is safe up to 100 grand anyway.