Quote Originally Posted by Louis VI the Fat View Post

The working Irish got the *underground vertical passageway*. However, what ought to be renegotiated then is the Irish banking bailout itself, not the foreign loan to pay for this banking bailout. Sadly, this is an internal Irish affair.

If the banking bailout remains, but the EU-IMF bailout were to be renegotiated with more favourable conditions, then it is the European poor who have to pay for Ireland's rich, instead of the Irish poor. This should be out of the question. Europe has suffered enough financial damage from the irresponsible, corrupt Irish croonies. It is up to Ireland to clean ship internally, not up to Europe to keep footing the bill.
The banking bailout is direct from the ECB I explained that ages ago, Trichet specifically ordered no banking failure in Ireland.

Basically in an effort to prevent contagion at the time of the deal Ireland was specifically leaked against by ECB officials, intense pressure was put on the government to take the deal interestingly the blanket garauntee was supported by the EU when it came time for renewal so that the banks could be bailed out.