excellent news, GB to bail our Ireland

shrimp


Joined: 01/09/2010
Posts: 939

Message Posted:
21/11/2010 00:30

Sooooooooooooooo as I see it, the billions of pounds we are cutting back on spending is now going to bail out Ireland?? Does that mean we will now have to have more cut back to proceed with the original plan??

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
21/11/2010 00:43

We'll be bailing out Portugal as well soon.

shrimp


Joined: 01/09/2010
Posts: 939

Message Posted:
21/11/2010 00:46

even more cuts then......but it is only fair after all!!

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
21/11/2010 01:47

Let them sink !!

LaptaGeezer


Joined: 01/06/2010
Posts: 407

Message Posted:
21/11/2010 02:25

What did we get from them to help our 'bail out'? Sod all I expect.. now we are helping other countries when we are making cuts!! Unbelievable!! Now't against the Irish but c'mon you guys, we need to sort out our own mess before spending on others!

dublinderm


Joined: 26/09/2009
Posts: 538

Message Posted:
21/11/2010 02:58

Hi folks,



Yesterday was not a good day to be Irish with the IMF, ECB, and Euro Commission in town to force our clowns of a Government to take up to €150 BILLION in a bail out because of the reckless behaviour of our banks and the way they gambled on the property market. Anglo Irish Bank (no English involvement) is the largest failure in WORLD banking history with €36 BILLION (and counting) in losses.



Why sould the UK care? Well some UK banks decided to get in on the action. Ulster Bank and Royal Bank of Scotland are seriously exposed to the collapse in the Irish property market. The amount is not known but could be somewhere in the region of €40 BILLION between them.



Also huge tranches of property in the UK (especially Northern Ireland) are now in the ownership of the Irish State (Battersea Power Station, The Connaught, Sunderland FC).



The UK exports more to Ireland than Brazil, India, and China COMBINED!!! Or so syas one David Cameron, and he should know.



So if we sink!

Dixie Normus


Joined: 22/02/2008
Posts: 820

Message Posted:
21/11/2010 06:49

So Dave has to jump in to keep the the British end up, the whole pack of EU cards is about to tumble, sooner the better a reality shock is needed to get the ship back on course. Just hope Dave makes the leprecorns pay a hansome price as Im sure he would rather see the emerald isle sink if it was'nt for the fact UK banks are exposed.

D.N

Geoff


Joined: 25/06/2008
Posts: 1370

Message Posted:
21/11/2010 09:28

So the mad micks win again, at our expense again.

How long will it be before the UK is o broke that we will stop being paid our UK State Pensions?

Geoff

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
21/11/2010 15:00

Up Shamrock creek without a Euro!



Richard

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
21/11/2010 15:05

Hi DD - I thought that the Ulster Bank was part of the RBS group ;(

paddywack


Joined: 04/05/2009
Posts: 959

Message Posted:
21/11/2010 15:07

Accrding to editor of FT. Ireland has more helicopters per head of population than any other country.

dublinderm


Joined: 26/09/2009
Posts: 538

Message Posted:
21/11/2010 17:12

Re Msg 10.



Hi Mark you are correct UBL is part of RBS. I should have said Bank of Scotland who operated a number of branches in Ireland trading as Bank of Scotland Ireland (BOSI).



I understand some of the motivation for the the offer of assistance from the UK are as follows;



1. To prevent German (and French) domination of the EU through economic means, and;



2. To prevent the rise of Sinn Fein in the Republic. They are currently standing at 11% in the polls and could be expected to take 20 seats in the Dail in the event of an election.



Gerry Adams has announced he will be standing in the Louth constituency in the election due soon. He will then be a member of the Dail (TD) and Parliament (MP) at the same time. He sees no irony in the fact that he had the body of Jean McConville (mother of 10) murdered by the IRA and buried on a beach in the same County Louth.



Any help to keep him and his sort on the sidelines of Irish politics is surely prudent.





DD

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
21/11/2010 17:46

DD please be to god that will never happen x

MarkVPiazza


Joined: 14/08/2008
Posts: 530

Message Posted:
21/11/2010 18:09

I think this is a bad idea, bad businesses and bad countries need to go bust so everyone learns the meaning of risk and is more careful next time. If everyone who screws-up gets a bail-out, it's heads I win, tails you loose (the losers ultimately being the taxpayer)

Lending more money to a country that is in dreadful debt will only help in the short term. Ultimately the country must go bankrupt, or become competitive again by slashing wages by 30-50% or devaluing the currency.



Spain is probably in a worse situation that Ireland, and is much bigger - who's going to be able to afford to bail them out?



So, Portugal will be next, ditto Ireland, as it's relatively small, then maybe by next Spring it will be Spain's turn, then the chickens will really come home to roost.

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
21/11/2010 18:26

I totally agree with Mark v Piazza. The Euro will be the downfall of EU (I hope)

ismet