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IRELAND OFFICIALLY exits its EU/IMF bailout today – and even our Finance Minister is cagey about how much difference that will make to your life come tomorrow.
We, the people, were called heroes for taking the brunt of the austerity programme.
So does the symbolic nature of today’s exit actually make you feel any better? At all?
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Its like a mugger giving back your empty wallet after he has kick the s..t out of you
We got loans to pay the bills when no one else would lend to us. Is that not the case?
No you got a bill to pay of foreign loans
We got loans to pay other peoples bills when no one would lend us.
Yeah but we’re paying someone else’s bills, and will be for a ling time yet.
What about the 20 billion a year difference between tax intake and spending?
How would that be paid for?
I feel more indebted, to the Troika!
It is quiet sickening that we try to blame foreigners for our problems. We were the ones running to the banks between 1997-2007 to get loans to buy 2nd houses in Spain, Portugal even Brazil. The bonds holders lent the money to us, but we greedily asked for it and would have kicked each other out of the way to get it.
Ireland the country that saved the Euro and paid for it with its people’s future.
My Views,
Do you think the U.S. needs to borrow dollars, or the U.K. sterling, or Japan the yen?
And that said mugger has forced you to set up a direct debt from your account for the next 3/4 decades.. But hay it’s decent of him to spare you the trauma of the weekly mugging..
Let’s celebrate!
We got money to pay back private banking losses that were imposed on us unconstitutionally and which were paid by a slap less government… That’s what we got.
Paul,
You do realise the 6 Irish domestic banks all collapsed into an insolvent heap in 2008, years before people began defaulting on their mortgages due to the recession that the bank collapse triggered?
Couldn’t agree more. It’s very easy to blame bankers and of course they have to take a huge share of responsibility. But it was still people thick enough to get 95% mortgages thinking they could afford it. Fair enough, that’s what was required to get on the property ladder. Or you could just do what every other country in Europe does if you can’t afford a mortgage, RENT. Us paddies have finally learned our lesson that other countries learned donkeys years ago. Buying a house only makes sense if you can afford to stump up a huge deposit and if you’re very financially secure. The EU just wanted us to be healthy again and this is what was required, fair enough they’re not doing it completely out of the goodness of their hearts but still. The sacrifices we made are a credit to us, not the banks or the government. It was partially our fault, but we took all of the blame. Which isn’t fair. But we’re over the worst of it and now Ireland is known around the world as a functional democracy which pays its bills, always a great thing to claim. It was a hard few years and we should never have bailed out the banks in the first place. But that’s what you signed up for when you wanted the euro and access to a free trade market. Now we have every reason to be optimistic, assuming we can sort out this poxy mortgage crisis.
A Nation once again – me hole.
Coddler I do think they need to borrow. Im not sure what your point is?
Theirishbrain will you explain how ireland saved the euro? With facts and figures?
Tony who imposed the debts on us? The ECB?
Sean,
If the EU really wants us to be healthy, why then did the ECB coerce Ireland into paying off all the bondholders in 2010 under threat of withdrawing liquidity funding and collapsing the remaining Irish banks?
Because had we not paid the bondholders, we’d have junk credit rating. Which means our own interest rates would have gone up. It was ultimately in our best interest to pay back the bondholders, it means we can go back and borrow again.
Sean,
We have a junk credit rating and were driven out of the financial markets precisely because we paid off the bondholders and took the debt on to our national balance sheet.
We don’t have junk rating, we have BBB+ by most standards. Bondholder debt IS sovereign debt. There’s no accounting witchcraft that can change that, it was our debt and all that was decided was to pay it. The debt was already ours, nobody elses. Having said that, a lot of that debt might have been for ridiculous plans like Metro North but anyway.
It really comes down to your world view, I believe what’s good for Europe is good for Ireland and vice versa. Every country in the EU is looking out for number one, I’m not under any illusion. But our fates are inexplicably linked and that’s a good thing. Too many people forget what a Europe without the EU looks like. On the continent it just meant endless war and in Ireland it just meant bottomless poverty and unemployment. You could draw that analogy today, but at least things are getting better. This is the first major crisis the EU has come across and of course it’s tough. But I think we’ve done most of the right things.
Coddler can you tell me what the point of your question on US, UK etc. borrowing was?
My Views,
Sovereign nations like the ones I mentioned do not need to borrow their own currency in the market. When those governments do issue bonds, it is primarily to control market interest rates not because they need to borrow. Their central banks can ‘buy’ back those government bonds at a later stage in return for central bank reserves which are created at will by simply pressing a computer keyboard.
Sean
Private bondholder debt was quite deliberately converted into sovereign debt by the financial and political elite.
Coddler
And why did the 6 Irish banks collapse? Because they were over-leveraged, giving out endless loans. Why? Because we got into a property buying frenzy and demanded the loans.
The banks were of course at fault for giving out the loans so freely. The FF government was also at fault for not taking the heat out of the economy or for not regulating the banks properly. But we have to accept our role in the whole mess.
To blame the bond holders or the troika is just a cop out.
Coddler, What happens when they hit the button to buy back all the debt? Why do they borrow on the markets at all?
The banks collapsed because of loans to developers not because “we” the people went mad. Stop rewriting history Paul.
Paul
Who is the ‘we’ that you mentioned. Johnny Ronan? Bernard McNamara? The banks speculated massively, greedily and stupidly on commercial property and when those enormous loans soured they broke the banks. Years later ‘we’ the ordinary people who took out mortgages in order to house our families are now defaulting on those mortgages as the recession which the bank collapse triggered ruined our domestic economy.
Coddler
Those countries do need to borrow because they run huge fiscal deficits, just like us.
MV,
As I said, sovereign nations operate in the market primarily to influence the market interest rate on their own currency. If you are interested in how modern fiat currency systems work I would recommend a book called ‘Where does money from?’
‘Where does money come from?’ is the name of the book
Kerry
Developers were supplying the houses that “we” demanded. I don’t think the houses would have been built if there was no one to buy them.
Again as I say, we all had a roll in this. I am sure I am not rewriting history, as you suggest. The property buying frenzy did happen. Or have you forgotten?
Do you think the U.S. needs to borrow dollars, or the U.K. sterling”
Of course not – they print them – toilet paper – and is creating a new bubble in each country .- but the vast majority of people believe the BS .As if 2008 never happened .
I, and every man woman and child in this country was saddled with a bill for about 30 grand.
Kenny wants me to jump through hoops cos he made sure that that debt would be payed for the next 30 years rather than telling them to f•ck off.
I’d like to spit in his face!!
Coddler I’m well aware of how money systems work…. I think you should do a bit of brushing up on the subject yourself. They can print all the money they like but what is the affect of that on the currency? Are all of those countries self sufficient with no imports or exports?
Rent = dead money wat ya get out of years of renting nothing!
Coddler
I think you rather than MV, need to read some basic economics textbooks. You are clearly getting confused between FX markets and bond markets.
I really don’t have the time to explain.
Lots of housing we demanded are lying idle. Banks were root cause. As professional money managers they ignored many warnings. No doubt also from their internal risk teams.
High on the fault list were the county councils and the elected officials who rezoned and approved so many estates that were never viable. Here FG were as complicit as FF.
Central government and DoF also on list of shame.
The perfect storm of incompetence.
Whats this “we” nonsence.
Pick a number between €253 and €275 million for a 4.84 acre ..Yup,blame the little people,again!
One day older and deeper in debt.
Negative real interest rates occur when nominal interest rates are lower than the rate of inflation. There are a number of reasons why negative real interest rates promote speculative bubbles:
The practise of borrowing to speculate becomes more profitable (e.g. commercial practices leading up to the Wall Street Crash)
Speculative risk diminishes (in the short term)
Because savings are not protected from inflation savers are incentivised to hedge against the erosion of wealth ( i.e. place their savings anywhere other than in a savings account)
Speculation incentivised by negative interest rate episodes become self-feeding as increased speculation promotes further inflation of favoured assets which forces down the real rate of interest which promotes greater speculation
What emerged was an endemic “no brainer” speculative culture. The culprits for this monumental economic holocaust were the monetary authorities, those charged with the governance of the economy and the commercial banks.
As the inevitable crisis has unfolded it was the general population that picked up the cost of the preceding negligence. The ECB and government washed their hands of any responsibility. Policy-makers cited the madness of the general population as the cause of the crisis. While the banks, that had become insolvent due to their own excesses and gross negligence, brazened it out.
The population, who were victims of gross monetary and economic mismanagement, were cited as culprits by the culpable.
Just so I understand the mentality that we’re doing great now… We paid unsecured bondholder to fix the problem of borrowing beyond our means…. So we could have a great rate to borrow billions again…. Does that just sound like a dumb thing to do?
The government paid the bondholders so that they didn’t lose their investments. 100 cents on the euro. Even though many were purchased for a fraction of that amount.
This fraud would never have offered the state any advantage when it went back to the market.
Complete lunacy!
Makes me feel worse to hear about it because we should never have accepted that debt in the first place. It was not our duty to pay it back.
Every week I see between USC + other stuff this government brought in me and my wife are down €180 a WEEK
Absolutely right and this government could have done more to try to push for more sharing of the burden with the bondholders. I do not accept that there was nothing they could do.
How do you know how much they pushed for burden sharing? What if the result was the same level of burden sharing that was allowed? What would happen if they didn’t get agreement to burn the bondholders but went ahead with it anyway?
My Views, Ever heard of a little country called Iceland?
Colin I have heard of it. Do you think we should pull out of the eurozone and euro?
Jesus Pete, you’re doing well, some weeks I only make that in work, no mind having that taken off me!
A half a million people have left . Feel what !!!!! Numb
And how many came back?
@Birch Barlow
The only people coming here are from Nigeria, Poland,and Romania as far as i can see.The irish are gone and this time they won’t come back like in the 80s.
TheIrishBrain…I assume you can back this up with statistical evidence, as opposed to bar stoll philosophy…..yes?
It was acceptable in the 80s
Not really.. Just take a peek into my purse this morning.. I am stone broke and i know i am not the only one.. There are thousands of mammies and daddies wishing Santa could bring more..
The Troika, the banks, enda, bertie, whoever.. They have all made it a very lean Christmas for us..
I hear you Sinead,Stay strong you’re not the only one that’s the truth, Happy Christmas to you and yours.
The irish brain.. Yes i will stay strong thanks.. We have nothing but at least we are not in debt like some families.. That must be devastating..
Apprehensive more than anything else. We’ve an awful shower of clowns in power, loudly trumpetting leaving the bailout but the bailout was a bad deal taken by FF which this crowd just followed along with and now claim credit for. Apprehensive about giving shortsighted clowns like them a looser leash to be honest.
It doesnt make a bit of a difference we are still a member of a ponzy scheme currency and we will still be under foreign scrutiny. Oh and I suppose the imbecile kenny will be on the box later congratulating the irish people on the pain and suffering we have had to go through.
I feel the same. Angry we ever paid it back.
I will be spending my third christmas in a row away from home. I was hoping to get at least one more christmas with my father but it wasnt to be as he died this year. I never voted for fg/ff or labour but this is their legacy, the pain they have caused to irish people but i hope i will be home to vote them out.
Sorry to here about your dad. I promise u I will never vote for them again either
Will they stop the usc charge, will they give back all other austerity tax cuts, will they force banks to forgive dept to desparate people like they were forgiven, are the property tax/water charges going to be scrapped etc etc ….no? Then no, what’s the difference
As soon as they do stop usc or give tax breaks I’d bet you’ll be on here whinging that they’re trying to buy an election
Sorry Enda you are once again correct and again everyone agrees with you,,,, troll
At the very least it means we are moving in the right direction. Hopefully we have learned from the experience and improvements to the economy will continue. We must also ensure that FF are never allowed back into government.
Or fg or labour for doing every thing ff said they would do.for lying to get into power. Who’s left ?
FF should be an illegal organization, the most successful and committed opponents of Ireland in the last 100 years.
We’re heading in the right direction for your type of people Paul, where all you’s think about is your own selfish needs. The fact we are exiting this bailout makes no difference to the average person. This government is trying to make us forget that we actually still have to pay back the billions we owe. People are worse of now than they ever were, but not to worry Paul, we won’t forget.
why? do you really think this shower would have done anything different ,remember they in opposition wanted the boom to continue just go back to the FF budgets in 2007 and look at the response given by Fine Gael”s then opposition spokesman on finance who happened to be Bruton .This crowd promised so much and delivered so little and they had the numbers to make significant changes and to tear up the deal made with the Troika by a lame duck Government with a majority of two
Try to read that hurt my head Frank.
*Trying
Johnny Duff
The debt will never be paid back. That’s not how government debt works. The bonds will simply be rolled over into new ones when they become due. Eventually economic growth will reduce the cost burden, which is effectively just the interest.
However, we should reflect on this cost, and to whom the interest money will be paid.
For the next few decades, the interest payment will be around 4 cents in every Euro spent in Ireland, and it’s very unlikely much any of that money will itself be spent into our economy. It’s a purely extractive process that will add to the asset ownership of capital owning class, well, until they own everything.
The people getting this money are the very same class that is still running the rigged ‘Pyramid’ banking casino that caused much of the mass unemployment and government debt in the first place. (Bailed out by their friends in politics and public service.
All of this occurring where the currency we use, by charter of the peoples’ governments is a ‘fiat’ currency, created from thin air, as required. But note, apparently only to be so created in the interests of the wealthy and the bankers, not ordinary citizens.
You might also care to note that countries that issue their own sovereign currency control their government bond interest rates, not the whim of ‘markets’ in present the Euro system.
Ireland’s (major) political classes and ‘advisers’ are totally happy with these arrangements. (ie it obviously works just fine for them selves…)
Broadly speaking, this is Oligarchy, tending toward a neo feudal model of a handful of super rich served by the masses of indebted serfs.
No ‘democracy’ involved beyond a propaganda exercise, or ‘Public Relations’, as Edward Bernays would prefer, having invented the phrase because …the word propaganda has ‘connotations’.
A people that do not understand their monetary system, at least the basics, and the macro economic implications of its control will never be ‘sovereign’. How can they be?
At 10:25 only 6% of this Independent poll feel positive about exiting the “Bail-Out” it is a sad indictment on our leaders who unsurprisingly have turned this issue into a political football to try and increase their standings in the polls, the sad reality for many is that while this exit looks great on a balance sheet somewhere and may influence the markets one way or the other most ordinary people will still get up in the morning and look after their families or go to work the same way they did last Monday and the Monday before and although we are promised to profit from this event, by the time the golden circle have all taken their slice all that is left for the ordinary citizen who have carried this Bail Out burden on their backs are the crumbs and we are then told we are lucky to have them………..
I love the people on here who blame opposition parties for decisions made by a Government. Ye need to have a read of the constitution. Stunning, stunning stupidity.
Enda’s speech 15/12/2013 Translated.
You are the victim in all this.
We are going to take money from your wages.
We are going to increase the interest rate on your mortgage.
We are going to increase the taxes that you pay
We are going to tax your home.
We are going to close down your business.
We are going to take your home.
We are going to take your car.
We are going to force you and your children to emigrate.
We are going to milk you and push you over the edge.
We are going to call you a non cooperative, strategic defaulter.
We are going to label you the guilty culprit.
We are going to force you into bankruptcy.
We are going to make you pay for your own bankruptcy with the money that you don’t have.
We are then going to publish your name on an offenders list.
You greedy little person who did you think you were.
With the money that we have taken from your family and milked from your demise.
We are going to bail out the banks that caused this travesty.
We are going to give multi million Euro contracts to the large corrupt accountancy and legal firms that knowingly gave corrupt bust banks a clean bill of health.
We are going to get these corrupt bust banks to provide cheap mortgages to vultures to buy up your home and property at firesale prices.
We are going to give these vultures tax breaks to buy up your homes and property.
We are going to give these vultures tax breaks to do up your Ex homes and property.
We are going to give these vultures big fat lucrative contracts to rehouse you at extortionate rents.
And let you not forget we are going to fatten up our salaries and pensions and we are going to fatten up the pensions of the politicians, regulators, senior civil servants, bankers and developers who caused this travesty.
We are going to reward the culprits with the money that we take away from the victims.
This is Ireland.
F.U. taxpayer!
Why does the propaganda media call it a bail out programme?
A bailout would give the impression we are getting something for free!
We have got LOANS to be paid back with INTEREST which is designed to BAILOUT the gamblers, banks & Investment Banks!
The Irish people have Bailed out the EU- not the other way round!
When are our media going to print the TRUTH!!
Yes David.
Spot on.
Just like in (very) recent years when the Priests were raping Irish children and the nuns were enslaving them.
The victims were the ones to be made feel like the culprits.
The victims were the ones who were made feel embarrassed.
Enda is going to make sure that this sick tradition is handed on to the next generation(s).
Spot on Mike, spot on.
Johnny Duff you are absolutely correct, people who took wage cuts eg public servant sector,politicians ect could afford to do so. The Labour Party lied to the people and they let down the most vunerable people in our society, they were suppose to protect them but not so. There are people living on the breadline while Eamon Gilmore, Joan Burton,Enda Kenny ect still earn big salaries,pensions,and expenses. I’m sick of their lies, corrupt friends and their so called European mates. I will never vote again because these people are a disgrace to the people who died for our democracy.
As history has proven time and time again
the governments of Ireland are always willing to accommodate anyone who wishes to abuse their people.
the priests
the nuns
etc.
Now its the bankers turn.
“Thank you Enda”
What a load of codology it’s the same shit we where fed five years ago no one has been prosecuted no one has been stopped the money has been passed around and guess who was left with the bill. So this great bullshit machine of ours is saying everything has changed when nothing has changed if anything it has gotten a lot better if your rich as you have gotten more rich. Oh how this government try to spin a web of deceit into a blanket of bullshit.
Noo!! Im still as hungover as i would be if Ireland didn’t exit the bailout!
Does the ordinary man or woman really care, we have and continue to be battered by bankers and corrupt politicians on large salaries. Who pays for this mess, you and me
What exactly are we celebrating ? , the country still owes billions. Our kids will still be paying this for years to come , stealth taxes enforced and still banks untouchable. Enda is like the Iraq press office during the start of the war when he quoted “no war here , everyone ok “
And for the next trick, our politicians will walk on water.
Anyone who feels better today as a result of the exit is totally deluded.
It’s all bull cr ap and how much will FG party political broadcast cost tonight? Still lots more of cutting to come and the banks still to get billions of taxpayers money, have people forgot this?
Why do we need to hear why the coalition have fallen to the needs of the banks and Europe and in return screwed the average joe in Ireland and protected all their corrupt political buddies in high paying positions.
Another smokescreen. It makes no difference whatsoever. The EU,ECB and IMF will still have a say in our affairs well into the future.
We still owe billions for debts that were not ours.
We are still paying the price for keeping the basket case Euro currency afloat.
Retrospective recapitalisation of our banks as hailed by Enda Merkel will be the next victim of our Governments ineptitude.
The more things change, the more they stay the same.
Dont be fooled by Spin.
Oh it’s only the start. It’s a celebration of a victory for implementation of taxes that will never be rescinded without mass protest. We were the guinea pigs for austerity in europe and boy how we went along for the ride. Even Ollie Rehn said it was a mistake. We must be the most docile people on the face of the earth.
It is good but changes nothing.
We are now just barely afloat and it will be struggling to pay this back for next 30 years.
The economic decisions, crimes and mistakes of FF in Govt. will be on this country for decades to come.
Agree about Fianna Fail, but Fine Gael have not done what they could have to push for a deal on sharing the burden with bondholders. They have copper-fastened the original calamity by opting to be ‘good boys and girls’ in a way that seems incredibly gullible to be honest.
Agreed.
FG love being good little boys and girls, hoping that other will tell how grown up and responsible they are.
The EU made fools of them. They thought just because they were turning up drunk at meetings in Brussels or not viewed as corrupt that Brussels would do the right thing. If you don’t push you don’t get.
Ireland owed €44bn in 2010, now owes €206bn and Kenny wants to address the nation to thank everyone for their sacrifices??? The pain is only starting and the generation going to pay for it, haven’t even been born! He’s positioned himself nicely for a handy job in the EU when he gets turfed out of government!
Its like having someone come burn down your house and spit in your face and then comes back an hour later asking are you ok?
I really hope that Nobody tunes into Enda’s speech. I mean honestly who want to listen to such bullsh1t!!!
It will not make the slightest difference to the ordinary citizen as we will still be subjected to austerity for decades to come, but those at the top in politics like Enda Kenny, Eamon Gilmore et al., will be the beneficiaries of high positions in European Politics as a reward for screwing the ordinary Irish person into the ground to pay for the mistakes of the Bankers, Developers, Politicians etc., and it’s a fact that none of architectures of downfall will ever feel any financial pain.
Enda will say tonight that it was the ordinary people who got us out of the bailout, but behind the scenes, he will be taking all the credit and Angela will see him as the saviour of the European Banking system.
The more things change, the more that they stay the same!
If you have to ask why people are not dancing in the streets because of the “exit”, follow the link below:
http://notesonthefront.typepad.com/politicaleconomy/2013/12/celebrating-the-exit.html
Fred, thank you for the link. Michael Taft nails it.
Mind boggling celebrations from a government whom seem to be somewhat confused. There’s still the €150 million be paid out every two weeks to cover the anglo debacle, unemployment still high, economy at a stand still, mortgage crisis as bad as ever & the personal debt crisis about to implode. What exactly are these clowns celebrating? Property tax, water charges, septic tank charges, medical cut backs etc? I wouldn’t mind if anything had been achieved but it seems absolutely nothing has changed. What was it Kenny & CO Said? “The real heroes are the irish people”, I’ve another apt description of what we are but its sunday so I’ll refrain.
2013 was a busy year for us fighting to keep people in their homes, if peoples suspicions are correct 2014 will be much worse, Kenny the lemon and co have done nothing to help struggling homeowners. Exit the bailout-big deal.
No. Because on Thursday i have been told that I am going to lose my job in 30 days.
No
kenny and the rest of his sc$mbag fraternity can spin whatever waffel they want the truth of the matter is the ordinary joe soap on the street will be paying these debts for years to come be cause of these c%#ts
I feel great, with my USC and tax all given back by revenue, oh crap i was dreaming.
Yes, I’m happier today.
If you ask me a stupid question, you’re going to get a stupid answer.
Well I have lost that sinking feeling…
@Ryleigh Kane. “I have lost that sinking feeling.” That is usually the comfort and peace one experience when actually drowning!
And that boys and girls is why they invented prozac……zzzzzzzzzzzzzzzz
And that boys and girls is what happens to political junkies they become detached from reality!!!!!!!!!!!!!!!!!!!!
Paul Carey is obviously an optimist. Nothing wrong with that! However one has to be a realist also. Exiting the bailout means nothing for the irish people as a whole. It might make for a good history question a few hundred years from now etc. FF, FG, LP, and the rest of them are there for one and one reason only their own benefit! The sooner the majority rise up and take back our Country the better. It’s time to bring to an end the era of decadence for a small elite!!
@Jason, agree with you 100%. Fcuk the right wing apologists on here
No difference will still be paying off what was private debt from the banks and anyone else the government(s) decided we should pay off. Bills will still be the same….
Kerry, it’s easy enough to sort that debt. Default on it. Are any of the main parties advocating doing that?
Sadly not My Views. Maybe before the next election a party may appear that has that as one of it’s policies.
The results of doing that in the past, now or in the future are very debatable, no?
The results of not doing it can be seen every day My View. There is no debate as to what is been done to Ireland and peoples hopes and expectations.
Listening to Marion Finucane. It’s largely positive, good news, all’s looking good. The media actually buys into the good news, this is scary. Mass delusion got us into trouble.
We need to get real, face up to reality, accept that our economy is in a post bomb state and start to look at sensible and sustainable policies, including mortgage debt attenuation.
Let’s get real. Reality is the only sensible basis for future policy and action.
The amount of crap comment here makes me think, no wonder we’re in trouble. Most of the loopers commenting here have probably never voted, but feel entitled to make stupid comment.
At present we are borrowing between half & three-quarters of a € Billion per month, not to pay back the loans, not to repay what our bankers & FF got us into debt for, but to run our economy, pay day-to-day bills, like medical, security, government, & an obese legal system. This is on us, we voted in the likes of Haughey, Ahern, Cowen, & going back even further, Martin O’Donoghue, Charlie McCreevy, Michael Lowrey.
These people have let the legals & the accountants run riot, have just sat in power for their own benefits. The best part is, we have no way of convicting these people, even better, we vote them back in time after time, & then moan when we reap the whirlwind.
It’s time to get off our collective asses & demand representation for our views, not moan about them on the internet.
Ummm we still owe billions. We are still under close scrutiny from the IMF and EU. We are still being screwed with taxes and wage cuts. Unemployment is still too high. What exactly have we exited? . Have I missed something?
Great for the gov and overseas corps, crap for the rest of us. This is tge true picture.
http://www.valuewalk.com/2013/12/ireland-a-corporation-haven-but-not-so-great-for-those-who-live-there/
So kenny the quisling is going on pravda rte tonight to do a dr goebels on it. I hope everyone turns off the tv when hes on. Safe yourself a few quid on esb while hes on. Hes an overpaid europhile and a waste of space.
Projected date for our debt to be paid off is 2042, alot more pain to endure ahead!
It’s all lies and as they say spin a fancy word for lying
day 1 and govt promise no austerity budgets after 2015 hummmmmmmm oh yeah election time and so it begins….have my popcorn coke flag friends invited to watch the big speech the great thank you….yup enda going to thank the lied to electorate…the same person who last time when addressing the great unwashed that us the electorate did nothing wrong and then went to europe and told anybody that would listen it was our fault……so fk off i for one wont be listening to this bullshit
what a crap
Lets celebrate the ending of this bailout… in 40 odd years when it actually ends!!
Fake made up crap don’t do nothing for me.
This news is just a political propaganda stunt. The facts are we have a national debt of 240 billion. Prior to bust it was 40 billion. We are no way better off now.
Does it make it better we can govern ourselves considering the mess we have made of that over the years. I am not too sure we are .
With elections coming closer FG will try show all is good until they get re elected and then have to deal with the massive debt which means more austerity.
Turn off your tv & turn your back on Enda Kenny pedaling lies! Vote with ratings….
I’d feel much better if everyone had a job to go to in the morning. In a way I am glad I lost mine because it opened my eyes to what life is like to have nothing and to appreciate what I do have. When I was working I spent it all on stupid shit all the time now I know how to budget mine I’ll appreciate every penny I earn in the future and donate as much as possible to charities especially svp they are absolute gems what they do for people.
It’s another step on the road to recovery. Like it or not, we need international investor confidence and this will help. It’s also another nail in the coffin for the lefty loons in SF and a reminder of the damage FF caused. And as we exit, the doomsdayers should be reminded of their second, third, forth bailout and government will fall/ riots on the streets predictions. All wrong. You must be devastated…
O Reilly it wasn’t SF and the so called looney left who got us into this mess , although the Right wing capitalists were quick enough to socialise the debt… No,no O Reilly this is all FF/FG /LAB fault!
Cillian32 what do you mean by socialise the debt?
the banks, devolopers.and the pressure the imf put on the gov of the day.why dont people ask why wont the preset gov release the letter.
Some people here need to cop on. Do they want to permanently be in a bailout r something?? Of course it’s better that we are out! And whatever people think about the current government they are NOT the ones who got us into this mess.
Isn’t it great that we’re out of the bailout Ted?
Yes I’m happier but I know there is a long way to go. It a positive small step.
This great country has overcome famine, imperialism, FF corruption, IRA violence, recessions and emigration in other generations. We will overcome this as well. The country is bigger and stronger than corrupt bankers who speculated through greed and lack of regulation.
Of course I realise that not everyone (SF and most posters on here) will like our leaving of the bailout because they depend on negativity and bad news. Its how they get their fix.
Well its a start isnt it?
Ye deadly
I often wonder how many of us really can tell the difference between the ago of the Celtic Tiger and the age of Austerity? I, for one, have always been skint so what’s the bloody difference?
the people are on their last legs, enda kenny and this goverment has 2 look at the bigger picture. our best young minds are gone.almost 90,ooo stealth taxes that are crippling the country,low 2 middle incomes are decismated .no more taxes please.Or the people will fight back.their is only one way.
Least anyone out there should be naive enough to fall for the almighty spin which has been oozing out of Leinster House of late in relation to Troika departure, I’m sorry to have to burst your bubble but have a read of this wee snippet of realism which came recently from the lips of none other than one Michael Noonan (our Minister for Austerity).
At a recent Dublin press conference during which he was being asked about Ireland’s post “bail out” position Michael Noonan stated: “We must continue with the same types of policies, because the deficit is too high. It has to be brought down below 3 present, and then it has to be brought into balance in subsequent years. The debt is too high and we have to have strategies to make the debt even more sustainable than it is now.”
So, there you have it folks; from the horse’s mouth: “we must continue with the same policies”.
Does today’s bail out exit make me feel better:
NO, not in the slightest.
Its makes no difference if we’re out of the bailout or not. The vulnerable are still going to paying for the bankers mistakes for years to come. It was all well and good for enda to acknowledge our sacrifices but what sacrifices did he and the top dogs have to make? The government in this country makes me sick
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