6.7 % rate for the bailout.

Bob_Latchford

feel free to start new thread if you want. Never created a new one before

Seems the IMF is set up to avoid problems with constitutions which is understandable in way. Its a bit academic, Im sure who ever is the next crowd will have to make similar deal with IMf even if this one is overturned.

ArtSmart

rosney wrote: »

Here are some videos I took at the protest -

http://www.youtube.com/watch?v=DNqElkIgpWA - Men talking to Newstalk

http://www.youtube.com/watch?v=RJodK_t03NY - Man resisting the dogs the gards brought out

http://www.youtube.com/watch?v=8_qsZXGV7CY - Jack O Connor getting booed

http://www.youtube.com/watch?v=keINZYPWnh8 - Fire outside Dáil

http://www.youtube.com/watch?v=jfRREoMwbwU - FF get ABUSE!

http://www.youtube.com/watch?v=DFtlY_u9NdM - Crowd chanting out out out

http://www.youtube.com/watch?v=8SSIy8EduT8 - Bottle incident outside Dáil

http://www.youtube.com/watch?v=4I3grwfC0jM - Beginning of protest that took place outside Dáil

http://www.youtube.com/watch?v=_Wn9CyWdNa8 - Angry Crowds

http://www.youtube.com/watch?v=1I8Kp0P_paI - More Anger

nice one

laugh

Apparently the Pension Reserve fund is gone?

RonMexico

I made a thread about that earlier. Pat Rabbitte revealed it, or hinted at it at least, on RTE1 earlier today.

R P McMurphy

RonMexico wrote: »

I made a thread about that earlier. Pat Rabbitte revealed it, or hinted at it at least, on RTE1 earlier today.

Could you simplify what P Rabbitte was saying. Why is the money gone, what did the banks do to the PRF or was it the government selling loan books and using it in some way?

Festus

R P McMurphy wrote: »

Could you simplify what P Rabbitte was saying. Why is the money gone, what did the banks do to the PRF or was it the government selling loan books and using it in some way?

maybe they used to fund to short sell Ireland and the only way to get the money back is if Ireland collapses.

ArtSmart

gonna be a lot of speil / aul guff.

the truth we'll know in about 8-12months.

AIB being nationalised anyway.

gandalf

The rate is confirmed at 5.8% which is extremely high!

EKRIUQ

5.8% it is then

sollar

Also, RTE could be in cohouts with FF and are playing politics with it. First Leak a massive 6.7%....... spook the public and then we will be relieved when the actual is about 5.8 or 6%

Looks like the government were indeed up to their old tricks and spinning.

ArtSmart

ArtSmart wrote: »

Ok. I'm gonna guess 5.4 %

The speil will be that the monies will be in three sections.

the IMF money first at IMF rate

then money at EU rate

then money from stability fund rate

no bond holder burning, though some 'restructuring' down the road hinted at.

Edit: if it's 5.8 (my other guess) it will included some time scale speil will be pushed to suggest it wont be for long - 'flexible rate' speil.

what do I win?

Bob_Latchford

Pension fund part might have brought the rate down.

If the pension fund is getting less than 5.8 and EU is getting 6.4 its well dodgey.

Details need to be transparent

mike65

Years in poverty! :pac:

_Kaiser_

Side note: Whoever's running the live text ticker should really have a dictionary/spellcheck to hand - 3 times it took to get contingencies right!! :rolleyes:

Soo.. it's less than the 6.7% that was mooted but is it still unsustainable?? I worry about the "if drawn down today" qualification too... what's it likely to be in 3/6/12 months then?

Festus

mike65 wrote: »

Years in poverty! :pac:

Hopefully it's the civil servants and politicians that will get a taste of poverty if their pension pot is used to bail out the banks.

ei.sdraob

Festus wrote: »

Hopefully it's the civil servants and politicians that will get a taste of poverty if their pension pot is used to bail out the banks.

the irony

gandalf

5.83% based on current market conditions? Does that mean it could rise higher. My god we have been sold a pup and FF have capitulated our financial sovereignty totally at the worst possible cost.

RealityCheck

gandalf wrote: »

5.83% based on current market conditions? Does that mean it could rise higher. My god we have been sold a pup and FF have capitulated our financial sovereignty totally at the worst possible cost.

Also I wonder does it include the NPRF money, as I assume we are loaning to ourselves at 0%. If included it would bring the average down. God forbid we ever have to draw down more.

ArtSmart

'It's worth recalling 1985'

bollix

greendom

If the banking collapse is seen as a nuclear bomb exploding, then paying back money to the IMF and the EU at those rates will be our nuclear winter

Bob_Latchford

gandalf wrote: »

5.83% based on current market conditions? Does that mean it could rise higher. My god we have been sold a pup and FF have capitulated our financial sovereignty totally at the worst possible cost.

Betting on the market again, when will it stop

indiewindy

ei.sdraob wrote: »

the irony

more nasty ill-informed stupid comments, the nprf was also to fund social welfare pensions

Bob_Latchford

gandalf wrote: »

5.83% based on current market conditions? Does that mean it could rise higher. My god we have been sold a pup and FF have capitulated our financial sovereignty totally at the worst possible cost.

Have they tied the oppositions hands? any burning of bondholders causes rates to rise

kippy

We're getting spun to left right and centre here.
This is a classic case of government and other "interestes" putting out 6.7% as the rate in the public. Once the rate is shown to be 5.8 government expect people not to be AS pissed however 5.8 seems to be VARIABLE, it also seems to not take into account the NPRF funding.
A serious amount of figure massaging going on here.
Why hit the NPRF at all, we'll have NOTHING left at the end of this and end up taking the EURO down the swanny.

gandalf

"Best available deal for Ireland".......I think not Mr. Cowen, the deal represents your total sellout of the Irish people.

Senior bond holders will not be touched so the Big European banks are protected at our expense.

ei.sdraob

indiewindy wrote: »

more nasty ill-informed stupid comments, the nprf was also to fund social welfare pensions

delicious

dont forget the "investment" in aib...

moonshadow

Listen at least he is talking to us,what can anyone else do???

ArtSmart

Q: can we afford this?

Ans
1/ We've no choice

2/ We hope things will work out

3? We've no choice

4/ We've no choice

sollar

Festus wrote: »

Hopefully it's the civil servants and politicians that will get a taste of poverty if their pension pot is used to bail out the banks.

The money will be borrowed to pay for these pensions... you will just be taxed more to pay for them.

MagicMarker

Where's Mr Lenihan?