Cowan to make statement at 18:15

maxwell smart

This is it!

Just announced on Sky News.

The interest rate over the three sources of funds is what I'm most interested in. I reckon 5.5%

syklops

maxwell smart wrote: »

This is it!

I wont bother tuning in. He didn't actually say anything the last 2 times he "addressed" the nation. All he is going to say is, that they have agreed on the bailout.

Unless he follows it with, "by the way, I quit", there will be little of interest in what he says.

Bob_Latchford

Irks me that this luxemborg finance minister is announcing such important news to Ireland. should be the government

syklops

Bob_Latchford wrote: »

Irks me that this luxemborg finance minister is announcing such important news to Ireland. should be the government

Well their giving us the money, so I guess they call the shots.

EKRIUQ

He didn't even speak, and 85bn with no mention of the interest rate and there going to use our cash reserves and pension fund.

zig

EKRIUQ wrote: »

He didn't even speak, and 85bn with no mention of the interest rate and there going to use our cash reserves and pension fund.

Clever move by EU,this forces us into more dependence on them in the long run.

Byron85

17.5 billion is being taken from the NPRF to "plug the hole" in the banks. We are not being robbed. We're being plundered.

Bob_Latchford

Pension fund should be ring fenced

godtabh

5.8% per annum on rte now

hotmail.com

5.8%

barry181091

5.8% PA if drawn down in total today.

445279.ie

5.8%

ntlbell

5.8% on average.

we're fecked.

Byron85

Interest rate will be at 5.8% if all of the figures today are drawn down, whatever that means.

Bob_Latchford

will they pay Pension fund 5.8%?

maxwell smart

Extra year to reach 3% deficit.

godtabh

maxwell smart wrote: »

Extra year to reach 3% deficit.

A little more wiggle room to hang ourselfs

Bob_Latchford

wheres Biffo?

mike65

Its on

mike65

12 billion from National Pension Reserve Fund, no change to Corpo Tax rate (quell surprise)

SkepticOne

EU Interest rate to be decided next week using an IMF standard formula - Rehn.

SkepticOne

Rehn: No senior bond holders to be burned.

As expected to be honest.

SkepticOne

I have to say that if you want to know what's happening in Ireland, the EU conference is much more pertinent than what Cowen or any other Irish politician has to say.

Suspiria79

Byron85 wrote: »

Interest rate will be at 5.8% if all of the figures today are drawn down, whatever that means.

It doesn't mean anything. We just wake up, go to bed and do the same thing over and over. None of this means anything.

michael999999

fianna fail:the party that put n in cuts!

Sticky_Fingers

Asked a straightfoward question, can we afford the bailout at 5.8% Cowen just began talking in circles, he doesn't even believe in the plan himself and it appears to me that he knows its at best a short term "solution".

Laois_Man

They're being clever ****es. They're saying 5.83% average interest rate. But 20% of the money is already ours at 0% interest. But they've used that as part of the average. Sly 4ers!

godtabh

Laois_Man wrote: »

They're being clever ****es. They're saying 5.83% average interest rate. But 20% of the money is already ours at 0% interest. But they've used that as part of the average. Sly 4ers!

so whats the actual rate? (I dont have a calculator here)

mike65

Going forward!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! :mad:

godtabh

mike65 wrote: »

Going forward!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! :mad:

he is just a parody now

steelcityblues

He should resign as Taoiseach and stop the facade!