Really, he leaves Chemical Ali in the ha'lpenny place. Maybe he'll try the old 'we have turned the corner' line again.And true to form, Lenihan has denied the greens are about to quit the government. What a joke.
Let's be clear about thisReally, he leaves Chemical Ali in the ha'lpenny place. Maybe he'll try the old 'we have turned the corner' line again.
Really, he leaves Chemical Ali in the ha'lpenny place.
The market is irrelevant in the next couple of years as a result of the EU/IMF bailout - as is our ratings. So there is nothing to be gained by waiting until January. So the sooner the better.Public sentiment aside, this is just going to cause more market instability and probably another ratings downgrade.
Something that'll make 83% of the population happy?I see no upside for the country making this announcement now other than making FF haters happy.
The market is irrelevant in the next couple of years as a result of the EU/IMF bailout - as is our ratings. So there is nothing to be gained by waiting until January. So the sooner the better.
Something that'll make 83% of the population happy?
What's wrong with that?
Are ye sure about that? That's not the impression I got - I thought the idea was that we wouldn't be going back to the markets for a few years now and that when we need further funding we would draw down from the fund set up by the EU/IMF?This is incorrect. The markets are very relevant. Just because we have enough money to last us until next June doesn't rule us going back to the open markets for money if rates were favourable. The money from the IMF is mainly to solve the banks, we are not getting to write an unlimited IOU.
Rating companies are quick to downgrade but slow to upgrade.
The whole idea of the IMF/ECB loans was to reassure the markets that we were safe to borrow to.
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