Yep! Funny how that got lost in all the budget commentary. that plus a good summit result could provide such much needed light at the end of our long tunnel.

Only for first time buyers! Seems the forgot about all the other owner occupiers that bought within the period, 2004-2008.

There is not going to be a result from this EU summit. There needs to be but there will only be a fudge. They’ll talk about fiscal union, announce 900bn, so it is believed for the widely derided ESFS fund – this will buy 6-10 months time. At that, it is probable that like the initial 400 bn it will only exist in the imagination of the EU officials.

Fiscal Union is a solution over many many years and it will mean turning the EU in to a single state in effect, with ensuing tax harmonization etc. It is not a solution to the immediate crisis of insolvent banks from Germany down to Greece, it is not a solution for sovereign debt problems. Inflation, debt write off and printing are the only solutions to that.

When the EU fudges on Friday, there will be an initial rally but in a week or two, maybe a month, people will realize that the mountain of debt continues to grow. The austerity will continue to destroy growth. Growth all over the Euro Zone is coming to a halt. The debt ratio’s are going to get significantly worse.

Treaty change does not solve debt problems. It is a classic EU diversion, the same shite that we get over the last 17 summits about this crisis. The EU/ECB does not do resolve.

BoI and Ulster Bank didn’t pass on the last rate cut! and they probably wont pass it on again

Variable I think, my three year old mortgage has changed hands so many times I can’t remember what I agreed in the first place. I just like it when it goes down.