6.7% for 9 years.

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Ireland will default, the only question is when. 6.7% is not viable. The economy will continue to sink and we will not see any growth thus driving the economy ever lower and the 15bn will not be enough.
The markets can see this, hence the bond rate is rising again. The only ones who cannot see are the politicians and they are deluding themselves. This is going to get very bad and it is hard to see how a immediate default could be any worse than the other options.
 
soy said:
Ireland will default, the only question is when. 6.7% is not viable. The economy will continue to sink and we will not see any growth thus driving the economy ever lower and the 15bn will not be enough.
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Fully agree with this, we shouldn't be wasting our time negotiating with the ECB / IMF etc etc. We should be spending the weekend talking with Portugal & Spain deicding on a common approach to the bondholders.

Roy

By the way just back from the march and it was great to hear Jack O'Connor get plenty of booing and people telling him to get off the stage because he was just as bad as the politicians :) overall a good protest!!!
 
The question is, who's gonna bail out the IMF and the EU once Fianna Fail are finished with them?

The US bailout amounted to $750 billion dollars (or circa €500 billion). That's €500 billion for the biggest economy in the world. We're heading for something up around the €350 billion mark if you include the ECB emergency funding of our banks, NAMA and the IMF/EU bailout. What a country. Fianna Fail, Seanie, Fingers et al may succeed in doing what Hitler couldn't manage...the total destruction of Europe.

I'm surprised that the others aren't considering nuking us.
 
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