Shhh … keep your head down, the German owners of this country could turn up and ask you to hand over your keys. Tasmania here we come.

http://www.shelltosea.com/

according to a dail debate there are 180 BILLION BARRELS OF OIL AND GAS of our coast …it’s a matter of public record …
One euro per barrel would clear our national debt …check out what our taoiseach said ! ..it all in the link above if you like it you should share it with your friends …in my opinion!

It would be interesting to know on what basis the rate increased….

Should our cost of borrowing not be falling though?

Yeah Jay,
€500 million 3 month bonds.Fcuk’s sake it;’s a slam dunk for the investors. Wait for a substantial offering over 10 years and then look at the cost

€1.2 million in intrest and you get it May in time for your holidays.

Sure why wouldn’t it be over subscribed. We pay up no matter what the outcome.

Uncertanty in relation to the european legality of the prom note changeover more than likley the reason for it to slightly spike

Explain how its a slam dunk for investors. Its just as much a slamdunk for us as them

Slamdunk for the investor as the T bill run for 3 months, they get a nice bit of return, as the poster above stated 1.2 million.
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For Ireland. we didn’t really need to borrow the money and will have to pay it back plus the 1.2 million on top. so basically in 3 months from now we will be 1.2 million more in debt.
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now maybe you can explain how this is a slamdunk for Ireland

@Simon
good comment!
Money for jam

Over subscribed as in vultures circling a wounded animal…

Its all about investor confidence in ireland so we can eventually go back to the markets for all out monetary needs and not need assistance from anyone or anything else .. If you dont see the idea and purpose behind a 3 month T bill your best off not commenting on this post

If the didnt sell yous would be pissin and moanin and now that they did sell and oversubscribed at that its now a bad thing …. Im surrounded by the worst kind of people … Negative idiots

Jay, Simon explained his comment clearly and politely,you explained yours with barely concealed contempt.As for not understanding what they are saying,your pervious comments lead me to believe you are not the finacial genius you think you are.

You should try surrounding yourself with people of the same opinions as yourself then if it’s pissin you off so much, people are allowed opinions. T bill are regarded as the safest place to invest for any investor, and are not a true gauge of how the market perceives a country compared to long term 5 and 10 year bonds, That compiled with the fact that we guarantee unsecured bonds. Wohoo, who the F’ wouldn’t invest in that, I bet they were chomping at the bit to get a slice of Irish T bills.
We did not need this money, there is no rush for Ireland to get back to the markets, and currently have funding at lower interest rates than this. now we have just increased our deficit, and for what “T bills” which will do nothing for our credibility on the bigger bond markets.

Jay the only idiot here is you
gombeen parish pump muppet who believes everything he is fed
take your head out of your arse man!

@jay- don’t mind Norman. He tells lies.

Vincent prove it

Frank people who disagree with you arent automatically FG supporters

Jay – Quote ” Its all about investor confidence in Ireland so we can eventually go back to the markets for all out monetary needs and not need assistance from anyone or anything else .”
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Going to the “Markets” is in essence looking for assistance, We borrow money we don’t yet haveto run the country, and then pay it back when we collect tax’s from the state. For this we pay a price. Your concept on how this works is worrying to say the least !!!!!

Jay, people who disagree with you aren’t automatically “Negative idiots”

Vincent btw the journal didn’t delete your comment to Peter you couldn’t answer his comment truthfully so your reply was “f**k yourself Peter”.

So comment all you like to me i’m not answering you anymore.
Hope the new name “Dillon” that you were using yesterday works out for you.

Simon if you took the understanding you chose to take from the quote Whicg highlights my point of te type of people in dealing with

Come on Jay, at least put a coherent sentence together, that was painful trying to read that, but at the end of the day you said what you said. I read it as that.
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If you think that these “T bill’s” were a good thing even though the cost of borrowing for them has gone up, which is in contradiction to your belief on investors gaining confidence in Ireland, then so be it. Who am I to keep arguing with you. You obviously know exactly what your going on about.

Just remind me, Norman. What was the other alter ego you accused me of masquerading as last week? Stephen was it? Apparently I am, in fact responsible for every post in any way sympathetic to the Government. Its flattering but I have to ask: What’s with the compulsive lying? It’s not healthy, Norman. Would your alter ego be Walter Mitty?

Jay
If this was a boxing match with simon the ref would have stopped it in the first round
simons point:
T bill are regarded as the safest place to invest for any investor, and are not a true gauge of how the market perceives a country compared to long term 5 and 10 year bonds,

is factually correct
now go and read up on the markets and stop making stupid uneducated comments
its not because your a FG government supporter i disagree its because you just dont know what your talking about

@vincent
your arguements used to be factual and your opinion but in the last couple of weeks you seem to be more interested in insult rather than debate.
play the ball not the man
you have made a few doozies of comments in the past yourself so fair play is good play mr dolan

@vincent
your arguements used to be factual and your opinion but in the last couple of weeks you seem to be more interested in insult rather than debate.
play the ball not the man
you have made a few doozies of comments in the past yourself so fair play is good play mr dolan

What I would say with the the T bills, is that the government are using them as a way to con the public into thinking that they are doing a good job. The Finance Minister has not got the best interests of this county, instead ploying cheap tactics like this and running up further debt. When Ireland does return to the open markets, it certainly won’t be because of a few T bills sold. Ireland is very fragile at the moment and is solely dependent on Europe to bring it out of recession. Even our export market is reliant on the wider Europe condition. We are along for the ride unfortunately, already sold our sole to the devil. Even when we do return to the markets Europe will still have control over our budget and monitory decisions. We have already signed this away in the stability treaty, which is going to cost us a pretty penny to be part of too. So our rush to get back to the Markets for funding is really a false economy as far as I can see.

Frank where in any comment did i disagree that t bills were a safe investment ???? And where did i say we should guage the countrys revival on this sale of Tbills?????

Fact of the matter is no matter if we sold them or didnt sell them nothing is ever a positive to you .. I have never seen you comment on absolutely anything on this that was a positive comment to anything that is done by this government Sad life that must be

Jay sus, what have i started!!!

This banter is as bad as the interest paid!

Jay your comment was:
Its all about investor confidence in ireland so we can eventually go back to the markets
and simons comment was:
T bill are regarded as the safest place to invest for any investor, and are not a true gauge of how the market perceives a country compared to long term 5 and 10 year bonds
The 3 month TBills dont gauge invester confidence as they are practically guranteed.
This waste of time has cost the taxpayer you and me 1.2 million
Now as I said before read up on the subject before you make stupid gombeen sheep like comments!

Frank the Tbills were oversubscribed thats showing investor confidence. And no where on any post did i say that we should guage by this. And no where did i disagree that 5 and 10 year bonds would give a better idea of investor confidence.. If we went to the markets and we didnt oversubscribe youd have something else to say about that

@Jay
you say I have never anything positive to say about the government,
check my comments regarding the government on their handling of the magdeline women you muppet!

The pointless exercise has cost the taxpayer 1.2 million
its not confidence the cost went up even though the bills are guranteed
how the bloody hell is that showing confidence

The only thing you could come up woth was the magdaline laundrys haha says it all really. Nobody on this planet would disagree with that

I believe the housing market was oversubscribed during the Celtic Tiger, and investors and the government were confident in a soft landing, So much for their misplaced confidence eh!!!.
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We will truly know how confident the real world is in us when we offer 10 year bonds. Until then its a lot of speculation especially with 91 day interest guaranteed returns.

jazus according to most of the commentators enda was crying crocodile tears but i at least gave him credit,
read simons last point again and if you dont get it after that im afraid you never will
id say the people who lost the respite care grant appreciate our government throwing 1.2 million away but you probably dont get that either!

Shouldnt be to far away now simon

We gave away €2.5M in the last two months. Its a very costly experiment. There was uproar over James Reilly cutting a few million in the runup to Christmas. But the Govt. have enough to flush €2.5m in our taxes. This is a huge insult.

@frank- Its a mid-life crisis? My hormones are all over the place. To be fair, with Norman there I’m dealing with a pretty aggressive guy. Just dispensing a bit of what has been sent my direction, that’s all.

@vincent
hahaha very good
bit like that meself

Was it titled “caught in the act”.

Ah here!

@ Shayne,

Brilliant but maybe too subtle for the ladies

hahah took me a while but I got there
nice one Shayne!