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Author Topic: Financial domino effect: Ireland threatens bailing from EU  (Read 176 times)

Offline Dos Equis

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Financial domino effect: Ireland threatens bailing from EU
« on: October 02, 2008, 05:09:36 PM »
France's Sarkozy says no bailout:

http://www.reuters.com/article/usDollarRpt/idUSPAB00435920081002

My guess: It's his smokescreen, and you will see Germany and France kicking in about $500B when it's all said and done. As soon as next week.

France & Belgium bail out a bank (that's their Bear Sterns):

http://latimesblogs.latimes.com/money_co/2008/09/after-congress.html

Ireland underwrites all money sitting in it's banks, and states that they may withdraw from the EU if a generalized bailout occurs, and simply not honor the Euro going forward.
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Offline Hangtime

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Re: Financial domino effect: Ireland threatens bailing from EU
« Reply #1 on: October 02, 2008, 05:11:24 PM »
Yup. The Irish have been poking the EU in the eye right along.

Good for them!

 :aok
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Offline Eagler

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Re: Financial domino effect: Ireland threatens bailing from EU
« Reply #2 on: October 02, 2008, 05:12:46 PM »
sounds good to me - the euro is too strong
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Offline Bronk

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Re: Financial domino effect: Ireland threatens bailing from EU
« Reply #3 on: October 02, 2008, 05:26:36 PM »
Quote from: Hangtime on October 02, 2008, 05:11:24 PM
Yup. The Irish have been poking the EU in the eye right along.

Good for them!

 :aok
Dude they're Irish..it's what they do best. Well.... 2nd best. :D
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Offline Dowding

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Re: Financial domino effect: Ireland threatens bailing from EU
« Reply #4 on: October 02, 2008, 05:33:29 PM »
For years the Irish accepted EU money and used it to subsidise their extremely low corporation tax rates to boost their economy.

They are trying to have their cake and eat it, while their economy starts to look distinctly unwell.

The following explains it all quite succinctly:

http://www.thedailymash.co.uk/news/business/leprechauns-are-stealing-our-gold%2c-claims-darling-200810021296/
« Last Edit: October 02, 2008, 05:44:46 PM by Dowding »
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Offline lasersailor184

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Re: Financial domino effect: Ireland threatens bailing from EU
« Reply #5 on: October 02, 2008, 07:07:15 PM »
The EU is STILL PISSED that the irish were able to give them the finger.
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