Euro Area

[Louis VI the Fat]

We dont consider Fianna Fail to have being a government worthy of the name they should have called the election two yrs ago when the whole thing went bang they had no legitimacy to land us in the bailout.

Fine Gael will be rengoitaiting the Knockout I wont deign to call it a bailout, specifically the interest rate will have to come down.

It's not that the deal couldn't or shouldn't be renegotiated.

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.


Ireland knows just how to get very favourable conditions instantly: sinmply end the scandalous Irish 'beggar thy neighbour' tax policy.

Google made twelve billion euro in Europe last year. If located in Germany or France, Google would have had to pay four billion in corporate taxes. However, Google is located in Ireland, where it pays only 28 million a year, on their entire European business.
That's four billion a year in tax handouts by the Irish government. There are more companies like this. It all puts the 86 billion in EU-IMF balout in perspective. Pocket change.

Ireland voluntarily chooses to have the Irish poor foot the bill for rich foreigners, rather than let rich foreigners pay for rich foreigners. The EU dearly wants to see that reversed, to have the culprits pay for their own mess, instead of passing on the buck to the Irish poor. What Europe will not do, is to bend over and take it up the rear just like what Dublin has done to poor Irishmen.

This is not about Irleand vs the EU. This is about who foots the bill for the bailout - the Irish taxpayer, or the European taxpayer, or those who received the profits. As we all know, it will frustratingly not be the third option - Ireland won't have it. It will not be the second option either - Europe won't have that. So the Irish poor it is and the Irish poor it will remain.

[gaelic cowboy]

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.

[Furunculus]

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

absolutely right.