Germans to Ireland – Drop dead when it comes to debt relief
No bailout help to come in October despite Irish leader’s promise
Published Friday, August 24, 2012, 7:11 AM
Updated Friday, August 24, 2012, 9:23 AM
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R129 | Aug 28, 2012, 08:06 AM EDT
Do I get this right?
First the Irish taxpayer and the country was bankrupter under German orders to save the German banks YES THEY ARE THE SENIOR BONDHOLDERS WE PAID OUT TO!!! then the German taxpayer says thanks Ireland we bankrupted you spo now F**k off we got what we wanter, then some idiot puts a post on this forum says it's our fault!!!
Yes we borrowed foolishly.
Yes the Irish banks were badly run and foolish
Yes the German banks were foolish and greedy to lend stupidly to the Irish banks.
Where in this equation does it make the Irish taxpayer responsible for this whole debacle? With hindsight it's obvious we should have followed the Icelandic example, look at where they are now and where we are, a puppet Taoiseach who can't even cling on to the coat-tails of the Spaniards and Italians for crumbs from the people's whose bank's and taxpayers we took a hit for. Thanks Germany your people haven't changed much in the last 70 years.
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casualMBA | Aug 28, 2012, 01:35 AM EDT
Ba! Humbug! Collateral, Smalattteral!! Who needs another Bail Out?
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EphraimKibbey | Aug 27, 2012, 09:00 PM EDT
@palmeiras - Note that the second comment by Kevin Longan is in direct opposition to the vile rant of the first. My guess is that some unscrupulous, evile-minded, anti-Irish commenter (know anyone like that?) who knows how to access this site without logging-on (and has done so repeatedly in the past) slipped in the first comment without owning up to it. When this site has a comment without a by line, it simply steals the by line from the next commenter and attaches it to the deficient one. Kevin Logan was just the innocent victim of this other truly "Ignorant Yank."
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palmeiras | Aug 27, 2012, 08:34 PM EDT
kevin longan, u are one ignorant yank; u lot are only good at mass murder and economic imperialism; now go shoot up your work place you brainless fool.
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Stiofain | Aug 27, 2012, 02:25 PM EDT
America is doing great with capitalism! That's why everybody wants to come here, greatest country in the world. Greatest health care in the world. And we will do better once we get rid of Social Security,Medicare and pesky universal voting rights. And Maggiepoo don't give me the "Love it or leave it" stuff either. Rommunism will work.
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IrelandNorth | Aug 27, 2012, 08:52 AM EDT
Time to exit the Eurozone. Bring back the púnt (poont!). Associate membership of EU most appropriate for island nations. (England, Wales & Scotland knew that!) Geography predicates politics. Associate membership of Commonwealth of Nations possibly a good shoehorn to lever the EU off our backs. Enough of this Towering Babel called EU. At least Anglo-Americana/Aus/Can/NZ speak English. No translation booths necessary. Arise George Orwell's Oceania! Repatriate all foreign nationals. Limit migration to max 10% of island's population of native/settler. Hibernia uber alles!
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Peggy P | Aug 26, 2012, 03:46 PM EDT
Why should they give Ireland a pass and not Greese? These countries, especially Germany, stand on their own and expect the rest of the EU to do the same. If Ireland needs help from these financially successful countries they should how do you do it and not share it with us.
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lyoness555 | Aug 26, 2012, 12:39 PM EDT
handouts dont work . Get back on your feet by yourselves . Handouts bring more failure
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curtisjohnson | Aug 25, 2012, 09:22 PM EDT
The anglican Chuch needs to pay back all of the "tithes" forced on the Irish people for the centuries of the penal laws (with compounded interest, of course). Then the british terror state should begin making reparation payments.
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casualMBA | Aug 25, 2012, 12:19 PM EDT
A small note on real estate. It allows big notes on a society (i.e., Ireland.) Ireland could get 100 Billion in debt (inconceivable as that many bad loans might seem) because Ireland HAS real estate. The unpardoned Fitzgeralds had real estate. At least 574,645 acres of it. They did not make bad loans. That collateral was not given to Germany, or the Fitzgeralds.
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surfsidetx3 | Aug 25, 2012, 11:46 AM EDT
Presumably that 100 billion was in bad real estate. A simple solution would be to take the "bad" real estate and bundle it. Secure it to shares not notes. As the homes are sold pay off the debt. They could set up a corp to sell shares. Oh lets say at 10 per share. On St Patrick's day go to every Irish bar throughout the world. Sell the shares. I am thinking of 1,000,000,000 shares easily sold.
10 billion per annum. If the Irish wont buy it, the Chinese will. China is busy buying up the USA at bargain prices. Why invade when you can own it outright?
oh maggiepoo the banks incurred the debt not the people of Ireland. Socialism is a handout , capitalism is a bailout.
The banks were bailed out.
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WoundedKnee | Aug 25, 2012, 04:42 AM EDT
KerryGold: " there will be no people left to lead, we will have emigrated". That's nonsense. There will always be lots of people in Ireland. About a thousand people--maybe more--emigrate TO Ireland every week.
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KerryGold | Aug 25, 2012, 03:58 AM EDT
"Drunken monkeys", what a stereotype. How was that insulting commenting allowed on here. Not all Irish people drink or not all Irish people are drunks. "A nation of fools, voting for the same" we actually voted in a different political party that made promises they never delievered on. So at least be correct and intelligent in your insults. It is time to tell Germany where to go and have leaders that can stand up for the Irish people. Because of Germany saying NO we will have more tax increases and public sector cuts. If we do not have the leaders that lead with determination to resolve this, there will be no people left to lead, we will have emigrated. And the Germans think we will thank them because of the excuse of market preception. I donn't know which is more sad, the pathetic excuse from the Germans or the pathetic Irish leadership. History will not reflect well on the Germans.
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Kevin Longan | Aug 25, 2012, 03:52 AM EDT
The Germans didn't mind taking mega-aid after their second loss to the Allies but now won't help the country that allowed their spies free reign during WW2. Live and learn, cousins, the perfidious Teutons aren't going to give you squat. Your best retribution is to boycott all German goods and stop kissing their asses when they go to Ireland and lord it over you. The past damn sure affects the future, you better believe it!
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