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Ireland Debt Rating Slashed Five Notches - Reuters


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Cor! What an exciting end to the week:

Spain declared too large to handle, 80bn in "unexpected" extra consumer debt, Merv telling people to save more and borrow more all at once (headless chicken rises again), 7m homeowners facing big trouble if Merv puts up IR, house prices falling everywhere with RM leading with panic news, bankster bonuses soaring........................

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Cor! What an exciting end to the week:

Spain declared too large to handle, 80bn in "unexpected" extra consumer debt, Merv telling people to save more and borrow more all at once (headless chicken rises again), 7m homeowners facing big trouble if Merv puts up IR, house prices falling everywhere with RM leading with panic news, bankster bonuses soaring........................

Something nasty is soon to emerge from this lagoon I reckon, something real nasty...

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“While a downgrade had been anticipated, the severity of the downgrade is surprising,” Glas Securities, the Dublin-based fixed-income firm, said in an e-mailed note today.

As European governments struggle to stop contagion from Greece and Ireland to other nations, Moody’s this week said it may lower Spain from Aa1. It also placed Greece’s Ba1 rating on review for a possible downgrade. European Union leaders agreed at a meeting in Brussels yesterday to amend the bloc’s treaties to create a permanent crisis-management mechanism in 2013.

2013?

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Something nasty is soon to emerge from this lagoon I reckon, something real nasty...

Yes it's the new single100% authoritative, tho shall not argue with it (will it be a crime to do so?) , all-singing & happy-dancing house price index for the UK.

No other nation will have this & it will save (almost) all the people of Britain from ruin as the rest of the west burns.

PS Does anyone understand RB's gold remark further up the page?

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They'd better increase Ireland's unpayable bailout credit card limit.

A one off tax of 50k euros on every irish person (payable in currency only) would do it. Those who can't find the cash can always be sold for spare parts and Tesco Value sausages.

Edit - they are all in it together. The millionaire would lose 5% of his cash, the pauper a kidney, lung, eyeball and a couple of legs. And all of his cash. The important thing is that everyone is treated equally.

Edited by fluffy666
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Cor! What an exciting end to the week:

Spain declared too large to handle, 80bn in "unexpected" extra consumer debt, Merv telling people to save more and borrow more all at once (headless chicken rises again), 7m homeowners facing big trouble if Merv puts up IR, house prices falling everywhere with RM leading with panic news, bankster bonuses soaring........................

And you left out Belgium's outlook being downgraded to negative. (Tuesday.)

Anyone would think there's some kind of crisis going on.

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