Enda Kenny announces deal on Anglo-Irish debt with European Central Bank

Some deal. Ireland formally agrees to pay back almost $50000000000 debts incurred by a private bank, Anglo--Irish--and a private gangster/banker, FItzpatrick. That's a real bargain.

@lcobryan,Good analysis on the Irish physic to a degree regarding English/British abuse.With Brian Moynihan,s economic expertise being endorsed and the first non Brit,head of the B Of E Mark Carney, seems a very secure outlook.Sterling will likely fall to 90p/Eur due to rising energy costs & M Carney,s individual belief that buying bank bonds as one option, of empowering that sector should gain momentum.The irony of Anglo bond holders to M Carny,s present actions concerning BoE remains to be realised. With two Irishmen agressively running the show of BOE and BOA a secure choice would be buying Banking stocks.Interesting to see Anglo bondholders reaction to being responsible over their investment losses, not the tax payers .Govt etc

Ok, must start w/this: anglo-norman is a moron. I guess he gets off on irritating others as he offers no constructive comments & apparently has nothing better to do, and, is probably permanently unemployed. Anyway, Iceland did it right. I am long 1K shares in $AAPL from 250 to 410. If $AAPL declares bankruptcy tomorrow, oh well. I invested, took the risk and lost. That's capitalism and no one will be there to cover my hit. The problem with the accommodating nature of the Irish is do to low self esteem as they are used to being violently abused by the english for so long and desperately want to reclaim their place. Of course, the Irish are a far better educated population than not only england's but the whole of Europe. Ireland, your thirst for knowledge and willing to do whatever is necessary to insure a better future built the USofA. You have an Irish-Canadian now leading the Bank of england. Buy Bank of America stock. Brian T. Moynihan is leading a tremendous turnaround. The agreements made by the prior Irish administration were ridiculous. The current accommodation is the best in a bad, self inflicted situation. The debt of a bank to their bondholders is their debt. Default. That is the risk of investment. Ask the individuals and institutions who followed Michael Milken. Disclosure: 20 years on Wall Street.

Anglo sold Sean Quinn shares based on their cooked books. Then loaned him money for buying more to keep up the share price This shows Anglo,s management etc were a failure and destroyed that Bank. When Sean Quinn was taken over due to debts owed to Anglo ,wheres the sense allowing a failed banking group take control in building and manufacturing group .The Govt were calling the shots and allowed a failed group take over a sound group who were in debt but were performing well. I know theres more than mentioned ,but this move permitted by the Govt was economic suicide

It's like a huge mortgage refinancing, isn't it? Well, at least if it keeps them from cutting the budget and raising your taxes, it'll be some relief.

Will the Irish ever Grow Up..

Closing the doors is just what it is. The debt is still there and the workimg men and women still have to pay it. Sinn Fein had the guts to object to this window dressing whilst the so called party of the working man(Labour)fell in line with their right wing masters the cowards.

gordon duggun it was fine gael traitors who were shouting at pearse doherty that were told to be quiet. ps its your ilk that are my enemy and that issue is well past talk

Debt entrapment is the new imperialism. I restate my assertion. The buoyant Celtic Tiger economy was brought down by from full flight by politico-economic interests to tie Ireland into Europe in perpetuity. The Lisbon Treaty was the Act of Union - Mark II. Similar constitutional sleight-of-hand. Different imperial power. Who knew?

Many are working "in the heat of the day" to re-open, reform, and correct a "sad and tragic chapter in our history," i.e., Great Britain's "Irish" land reform.

this stinks,the whole eu driven corrupt banking system stinks,the fact innocent taxpayers and their childrens children will be picking up this payback to a bunch of fat cat market intrest manipulating banksters stinks to high heaven.the eu is rotten and corrupt to the core,ireland and england whose debt is equal need to tell them to go screw,leave eu and print their own currency,no private banking,the country is the bank,by the people for the people,NO PRIVATE SPECULATIVE GAMBLING BUBBLE INDUCING BANKING.AND JAIL THE CORRUPT BANKSTERS.

A complete lack of intelligence.courage & moral fiber...

I was watching this historical debate on Anglo and Irish Nationwide from 10pm until the early hours of the morning. I have to say it was certainly riveting. Tv, radio and newspapers were on alert all the time. "CODE RED" was the best kept secret in Government circles until Bloomberg leaked it yesterday morning. To see the Irish Government act with such swiftness blind siding the bondholders and any court challenges which might be taken.It will take some time to kick in. The look on Gerry Adams' face was priceless and when he began shouting he was informed by the Speaker of the Dail, Sean Barrett, he would have him put out of the Chamber and anyone else who did not behave. ENDA KENNY remained call and impassive in the teeth of Adams' hysterics. Perhaps ENDA is doing something right at last! It's certainly got Europe talking.

bondholders 40bl. citizens 0

For those who are not au fait with the Irish government's plan to ease the burden on it's taxpayers, allow me to inform you. Ml.Noonan, minister for finance,and colleagues have declared that IBRC, formally Anglo Irish Bank is to be liquidated. This in turn will ease the tremendous debt that the previous government, in it's stupidity, placed on the taxpayers.