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Ireland 'not Seeking Debt Restructure'...........

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http://m.irishtimes.com/newspaper/breaking/2011/0516/breaking14.html?via=mostread

Minister for Finance Michael Noonan has reiterated that Ireland is not looking to reschedule its debt."From a policy point of view, the only item which the Irish Government is negotiating with the troika at present is a possible interest rate reduction," Mr Noonan told reporters in Brussels today. "There is no other item that we are negotiating."

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...the troika...

That's an unusual word now being used although it seems troika has been a concept since the early days of the eu. Apparently the troika seems to be made up of the Presidency, the Secretary-General of the Council and High Representative for CFSP and the Commission.

Although it seems that the term is sometimes used to describe the relationship between Germany, France and the United Kingdom.

There again maybe the word is being used to describe something else altogether.

All a bit confusing and vague - whether intentionally or unintentionally so.

Apparently there's also something called the troika (ride), a carnival/amusement park thrill ride :lol: . He's being extremely optimistic considering the grim future now likely for the Irish economy. Debt upon debt upon more debt.......

Edited by billybong

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That's an unusual word now being used although it seems troika has been a concept since the early days of the eu. Apparently the troika seems to be made up of the Presidency, the Secretary-General of the Council and High Representative for CFSP and the Commission.

Although it seems that the term is sometimes used to describe the relationship between Germany, France and the United Kingdom.

There again maybe the word is being used to describe something else altogether.

All a bit confusing and vague - whether intentionally or unintentionally so.

Apparently there's also something called the troika (ride), a carnival/amusement park thrill ride :lol: . He's being extremely optimistic considering the grim future now likely for the Irish economy. Debt upon debt upon more debt.......

Didn't this lot get voted in on the basis of telling the bankers to feck off?

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Didn't this lot get voted in on the basis of telling the bankers to feck off?

That's what I thought but now the Minister For Finance claims to be speaking for "Ireland". Sometimes democracy is a real puzzle

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That's an unusual word now being used although it seems troika has been a concept since the early days of the eu. Apparently the troika seems to be made up of the Presidency, the Secretary-General of the Council and High Representative for CFSP and the Commission.

Although it seems that the term is sometimes used to describe the relationship between Germany, France and the United Kingdom.

There again maybe the word is being used to describe something else altogether.

All a bit confusing and vague - whether intentionally or unintentionally so.

Apparently there's also something called the troika (ride), a carnival/amusement park thrill ride :lol: . He's being extremely optimistic considering the grim future now likely for the Irish economy. Debt upon debt upon more debt.......

And there were NKVD troikas (tribunals), in 1920-1950s

http://en.wikipedia.org/wiki/Talk%3ANKVD_troika

http://www.irisheconomy.ie/index.php/2011/04/15/troika-review-statements/

There was no way out if one was tried by this kind of troika, I am afraid ;)B)

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What interest rate are they demanding? -5% would ease the burden.

Or try something radical like reducing the captial owed, then you don't pay as much interest. Too radical for a Finance Minister to comprehend?

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  • 284 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%



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