Take a hike

FreudianSlippers

squod wrote: »

I dunno where this is coming from. The money we're giving the IMF is form our pension reserve fund. Every econonmist is predicting default on these huge loans. So then can I ask you, when we default and we don't have enough money to run the country...... who should we borrow from?

No, we're not giving that to the IMF... we're contributing €17.5bn to our own bailout.

€12.5bn from the National Pension Reserve Fund and €5bn from other sources of domestic cash.
EFSM is giving €22.5bn & the IMF €22.5bn and the €22.5 billion from the European Financial Stability Fund.

Not every economist is predicting anything of the sort.

We don't have enough money to run the country already. That's why we are borrowing. See my earlier post. We had 3 options and the EU/IMF was the best because of the lower interest rate.

Also, €50bn is being allocated to fund the day to day running of the State.. with only €10bn being used to recapitalise the banks.

benagain

session what session ??

squod

FreudianSlippers wrote: »

Not every economist is predicting anything of the sort.
.

So you're answer is putting two fingers in your ears and humming 'till the problem goes away. We can't afford the bail-out. End of.

squod

fontanalis wrote: »

No he/she is not. He/she said the private debts should be taken care of by the owners not the irish people (what Noonan was saying).
I don't think there is any Irish person who wants to sweep up another countries banks mess but that's what Lenihan the Greater signed the country up for, this is what he and whoever he surrounded himself with needs to explain straight out.

It's already been outlined the advise he was given wasn't followed by himself or Cowen.

FreudianSlippers

squod wrote: »

So you're answer is putting two fingers in your ears and humming 'till the problem goes away. We can't afford the bail-out. End of.

That's not what I'm doing.

I've shown how we can not, not afford the bailout. We have to borrow from someone... who do you suggest borrowing from?

Defaulting isn't an option - I've pointed out the breakdown above and you ignored it.
We need money to run the actual country.

squod

FreudianSlippers wrote: »

That's not what I'm doing.

I've shown how we can not, not afford the bailout. We have to borrow from someone... who do you suggest borrowing from?

Defaulting isn't an option - I've pointed out the breakdown above and you ignored it.
We need money to run the actual country.

I'm done here. Carry on posting your FG/FF copy-pasta. We'll see who's right in a few years. I know it's me.

FreudianSlippers

squod wrote: »

I'm done here. Carry on posting your FG/FF copy-pasta. We'll see who's right in a few years. I know it's me.

I didn't copy and paste a thing. I'm already right, don't need a few years.

It's ok though, economics can be very difficult for some people to comprehend and the current situation isn't made much clearer by politicians and the media.

iamstop

ejmaztec wrote: »

Kidnapping, prostitution, drug-running and extortion.

So vote FF back in?