Jump to content
House Price Crash Forum
gruffydd

Irish Bonds - What's Happening?

Recommended Posts

From Krugman "What’s going on here? In a nutshell, Ireland has been orthodox and responsible — guaranteeing all debts, engaging in savage austerity to try to pay for the cost of those guarantees, and, of course, staying on the euro. Iceland has been heterodox: capital controls, large devaluation, and a lot of debt restructuring — notice that wonderful line from the IMF, above, about how “private sector bankruptcies have led to a marked decline in external debt”. Bankrupting yourself to recovery! Seriously."

Share this post


Link to post
Share on other sites

Iceland's route is the one which Ireland should follow. There is still time for them to change direction. They don't need to be the EU's patsy.

I really wish they would but I doubt the politicians in 'charge' have the best interests of their country in mind.

Share this post


Link to post
Share on other sites

Don't the Irish have a golden opportunity to vote in a "Stuff the Bailout Up Your *****" party in January?

Share this post


Link to post
Share on other sites

Haircuts.

KingMullet.jpg

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8158298/Germany-fuels-EMU-debt-crisis-with-haircut-demands.html

Germany fuels EMU debt crisis with haircut demands

German plans to push for bondholder haircuts in Europe as soon as next year have triggered a surge in default risk on European bank debt and set off further flight from Spanish, Portuguese and Irish bonds.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 238 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.