Dear Leader Enda has won a reprieve on the bailout?

woodoo

Has the masterful Enda brow beaten the troika to get us better bailout terms. It looks like the troika will let Ireland pay back the debts over 30 years instead of 15.

http://www.rte.ie/news/2012/0618/bailout-troika-euro.html

Will Enda/FG claim this as a victory? Is it even of any use to us now?

mawk

does this mean paying more than double the interest?

Dravokivich

Huh?

In the article it says:

The issue has not yet been raised with the Government or with EU leaders.

There is nothing for them to claim. It's the people we are due to payback the bailout putting forward a change the terms of the bailout.

SEPT 23 1989

I would say the first he heard about this was on the one o'clock news

seamus

The troika are under pressure from EU sources as well, who are keen to do whatever it takes to prevent further instability in the eurozone.

We'd probably end up paying more overall with a 30-year term, but it would give us more room to manouver on a year-to-year basis and would therefore require less austerity.

The troika are also concerned that higher repayments and the austerity they require may lead to more extremist parties gaining control (like they almost did in Greece), which could lead to strategic defaulting. Aside from resulting in direct losses for the troika, eurozone defaults would probably cripple the economies of countries like ours for 30 or 40 years and cause majors problems in money markets.

omahaid

So you're saying all thats left for us to do is to have a montage?

Captain Darling

seamus wrote: »

The troika are also concerned that higher repayments and the austerity they require may lead to more extremist parties gaining control (like they almost did in Greece), which could lead to strategic defaulting.

Or headbangers like the Shinners.

Micky Dolenz

It's like watching a sick animal dying a painful and slow death.

DrumSteve

Micky Dolenz wrote: »

It's like watching a sick animal dying a painful and slow death.

That's no way to talk about our esteemed leader.

woodoo

Dravokivich wrote: »

There is nothing for them to claim. It's the people we are due to payback the bailout putting forward a change the terms of the bailout.

If its good news they will find a way to claim it. Enda or Lucinda Creighton was talking to advising the troika behind the scenes etc etc.

bbam

Captain Darling wrote: »

Or headbangers like the Shinners.

It's looking more and more that the Shinners will be in government the next time round. Think about it, the FG/Lab crowd have renauged on so many promises at this stage that their credibility is in tatters. They are the lap dogs of Europe and seem to get no professional regard from other leaders in general.

FF, well it's just too soon for people to go back voting FF. too many of the old heads still round to believe any real change has happened or will happen.

The Shinners are shouting all sorts of populous nonsense at every chance. Lots of people I've spoken too think that real change in Irish politics and a decent change in our standing in Europe will only happen under a SF lead government.

The thoughts of it make me very worried.

gerryo777

woodoo wrote: »

Has the masterful Enda brow beaten the troika to get us better bailout terms. It looks like the troika will let Ireland pay back the debts over 30 years instead of 15.

http://www.rte.ie/news/2012/0618/bailout-troika-euro.html

Will Enda/FG claim this as a victory? Is it even of any use to us now?

He hasn't even been told about it yet, but when he does hear it'll be spin spin spin......

gerryo777

bbam wrote: »

The Shinners are shouting all sorts of populous nonsense at every chance. Lots of people I've spoken too think that real change in Irish politics and a decent change in our standing in Europe will only happen under a SF lead government.

The thoughts of it make me very worried.

Would that be populous nonsense like "labours way or frankfurt's way" or "not another red cent will be paid to the bondholders"?

DEVEREUX

woodoo wrote: »

If its good news they will find a way to claim it. Enda or Lucinda Creighton was talking to advising the troika behind the scenes etc etc.

God yeah, Lucinda will be all over this like a fly on sh*te

TeddyTedson

We need the shinners in. Why need to shake things up a bit. People like Pearse Doherty are the future of Sinn Féin. If only Adams would **** off.

Penn

TeddyTedson wrote: »

Why need to shake things up a bit.

This isn't Hollyoaks. We don't need to shake things up a bit, we need things to settle down a bit.

ejmaztec

Brilliant, 30 years of austerity yay!

Ireland will be a vacant sod in 30 years.

TeddyTedson

Penn wrote: »

This isn't Hollyoaks. We don't need to shake things up a bit, we need things to settle down a bit.

I disagree. Changes are needed, drastically.

Penn

TeddyTedson wrote: »

I disagree. Changes are needed, drastically.

We're meeting our EU targets, possibly being given longer to repay the debts, confidence in Ireland's economy is growing though the Euro markets in general are suffering. We most likely won't need to have as much austerity over the next few years as we thought.

We're still up Sh*t Creek, but the paddle has started to flow back towards us. What do you think Sinn Fein could do to improve things?

Dave!

Penn wrote: »

We're meeting our EU targets, possibly being given longer to repay the debts, confidence in Ireland's economy is growing though the Euro markets in general are suffering. We most likely won't need to have as much austerity over the next few years as we thought.

We're still up Sh*t Creek, but the paddle has started to flow back towards us. What do you think Sinn Fein could do to improve things?

Because f*ck Merkel, we aint joining no US of E, rabble rabble rabble!

tony007

Penn wrote: »

We're meeting our EU targets, possibly being given longer to repay the debts, confidence in Ireland's economy is growing though the Euro markets in general are suffering. We most likely won't need to have as much austerity over the next few years as we thought.

We're still up Sh*t Creek, but the paddle has started to flow back towards us. What do you think Sinn Fein could do to improve things?

We're going down a path which contributed to us being here in the first place.

Biggins

woodoo wrote: »

Has the masterful Enda brow beaten the troika to get us better bailout terms. It looks like the troika will let Ireland pay back the debts over 30 years instead of 15.

http://www.rte.ie/news/2012/0618/bailout-troika-euro.html

Will Enda/FG claim this as a victory? Is it even of any use to us now?

*cough*

Brussels says report on Troika loan proposal is “simply not true”
http://businessetc.thejournal.ie/european-commission-rte-report-ireland-troika-debt-restructuring-491603-Jun2012/

THE EUROPEAN COMMISSION has described a report suggesting that the Troika could propose to extend the repayment schedule for Ireland’s bailout loans as “simply not true”.

A spokesperson for economics commissioner Olli Rehn told TheJournal.ie that a report carried by RTÉ News was incorrect and that there was no suggestion of any plans to extend Ireland’s loans in such a way.

TeddyTedson

Penn wrote: »

We're meeting our EU targets, possibly being given longer to repay the debts, confidence in Ireland's economy is growing though the Euro markets in general are suffering. We most likely won't need to have as much austerity over the next few years as we thought.

We're still up Sh*t Creek, but the paddle has started to flow back towards us. What do you think Sinn Fein could do to improve things?

Sinn Féin might implement fairer taxes, probably not though.
I don't want to vote anyone in.

We need a revolution...

pavb2

We've turned the corner

TeddyTedson

pavb2 wrote: »

We've turned the corner

I believe we've turned four...

The Radiator

TeddyTedson wrote: »

I believe we've turned four...

Six

paddyandy

.....and of course the shinners must disagree as always..

opinion guy

Penn wrote: »

This isn't Hollyoaks.

Thank f**k. Its bad enough having that shlte on the telly

Shryke

TeddyTedson wrote: »

Sinn Féin might implement fairer taxes, probably not though.
I don't want to vote anyone in.

We need a revolution...

Do you need to get some looting done for next Christmas or something? I'm all for it for the craic but something drastic isn't going to help without there being a clear agenda for the kind of reforms we would want. And we voted for all of this stuff that's happening essentially. Even more so, we voted Germany 10 points in the Eurovision so clearly a lot of people seem to support this crap we now have to live under. :pac:

A political shift would be nice. Every party wears the same stripes. Our labour party call themselves socialists! I'd like to see them in the stocks. Pond scum.

Penn

TeddyTedson wrote: »

Sinn Féin might implement fairer taxes, probably not though.
I don't want to vote anyone in.

We need a revolution...

But if they lower taxes, they have to make that money up from somewhere else. Reduce public spending? Then we run the risk of getting more cuts to health or gardai. Tax the rich more? Then you run the risk of half of them just leaving the country. They're rich, they can easily go elsewhere.

Sinn Fein have no proper plan. They always claim they can do this, or do that, or point out how the Government is wrong, but they never offer an actual workable solution. They say we can get a better deal with Europe, but they don't know that we can.

I'm no fan of the current government. I think Fine Gael aren't too far off being Fianna Fail #2, and Labour have sold out on a lot of their own principles. But "shaking things up" or having a "drastic change" is not what the country needs, and could do far more harm than good. Look what's happening with Greece and their revolution. You get parties like Golden Dawn doing well in elections. You get violence and riots which do nothing bar cost their own country more money. You get countries losing confidence in their economy which further hurts their economy. And you get the EU ready to cast them adrift and have them leave the Euro.

With the Government we have now and what they're doing, it's far from perfect, but it is, for the most part, working. There is no quick fix or easy solution, it will take a few years. But I'd much rather stay the course and see if it can continue to work, than to get Sinn Fein in and just... see what happens.

Mardy Bum

TeddyTedson wrote: »

We need the shinners in. Why need to shake things up a bit. People like Pearse Doherty are the future of Sinn Féin. If only Adams would **** off.

The man who couldn't make it through an engineering degree should lead the country? He is a good talker but its all spoof.

sbsquarepants

mawk wrote: »

does this mean paying more than double the interest?

I would imagine so.
Great deal enda you spineless fúckwit

Biggins

There is NO deal!

Unavailable for Comment

Lenders are not known for making things easy for debtors unless the prospect of having a bad debt becomes a real thing.

Ireland is meeting its repayments and the "suggestions" from the Troika. Why on earth would they then suggest burning bondholders when they need those same bondholders to bail out Spain in the coming weeks?

Rightly or wrongly, Ireland's struggles with austerity are of simply no concern to anyone outside of Ireland as long as payments are being made. Does anyone really believe their bank gives a sh1t about them as long as the mortgage is covered?

the groutch

Penn wrote: »

We're meeting our EU targets, possibly being given longer to repay the debts, confidence in Ireland's economy is growing though the Euro markets in general are suffering. We most likely won't need to have as much austerity over the next few years as we thought.

We're still up Sh*t Creek, but the paddle has started to flow back towards us. What do you think Sinn Fein could do to improve things?

every element of the goverment, the public sector & the banking sector (not even getting into professions like doctors, solicitors etc) is rotten to the core.
the more things are stirred up the better in the long term, and the less likely the opportunity will be there to repeat the mistakes of the past.