Monday, November 29, 2010

Irish government forgets ‘If you owe billions it’s the bank that’s in trouble’

Hammering Ireland

The crony bankster-developer-politician government of Ireland is in a position to dictate terms to the Euro banksters - "Send in the collection agency and the bailiffs if you don't like the terms we're offering". So why are Cowen&co so pusillanimous? And why are they accepting loans at 5.8% when the lenders are getting the money almost free? But wait - there's a euro bailout programme for insolvent countries that may entail 'haircuts' for bondholders....but only if those bondholders agree to this. Doh

Posted by icarus @ 07:59 PM (1190 views)
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