Why is €5bn of the bailout fund being delivered to government this week?

Irish Slaves for Europe

According to FF, the country was funded to the 2nd half of 2011. So we are we receiving it now and therefore paying more interest than we need to. What on earth is going on? Why aren't opposition parties asking these questions?

http://www.irishtimes.com/newspaper/frontpage/2011/0106/1224286879122.html

jimthemental

Irish Slaves for Europe wrote: »

According to FF, the country was funded to the 2nd half of 2011. So we are we receiving it now and therefore paying more interest than we need to. What on earth is going on? Why aren't opposition parties asking these questions?

http://www.irishtimes.com/newspaper/frontpage/2011/0106/1224286879122.html

Someone must've got a good tip for a horse and they need the money pronto!

baltimore sun

Because it wouldn't be convenient in a fortnight

sensibleken

I don't accept that

Ghandee

five billion being delivered for a farewell party and round of golf for Biffo!

That man can quare put on a hell of a shin dig you know!

Max Power1

Coke & Hookers bill for FF apparently

Ghandee

sensibleken wrote: »

I don't accept that

The five billion, or the reasons given above? ^

Ali Babba

Paddys weekend's on the way and ministers need to be partying worldwide at our expense of course............

Turtyturd

sensibleken wrote: »

I don't accept that

Jesus if I ever hear that phrase again it will be too soon...that's gonna be written on Cowens gravestone.

TheZohanS

I would imagine it's because the government are planning on entering the bond market sooner than expected. If we went to the market cap in hand when we run out of capital in a few months we'd probably get fleeced by the market. Also the rate that Spain and Portugal are now paying in the bond markets is 5.6 and 7.2 percent respectively, we are only paying 5.5% for this round of loans so it's not a bad deal.

starbelgrade

Funding for the printing of Sean Fitzpatrick's book.

Ali Babba

TheZohan wrote: »

I would imagine it's because the government are planning on entering the bond market sooner than expected. If we went to the market cap in hand when we run out of capital in a few months we'd probably get fleeced by the market. Also the rate that Spain and Portugal are now paying in the bond markets is 5.6 and 7.2 percent respectively, we are only paying 5.5% for this round of loans so it's not a bad deal.

I'd sooner see them go to Las Vegas with the money that the bond markets tbh, at least we might get lucky in Vegas!!

sensibleken

Turtyturd wrote: »

Jesus if I ever hear that phrase again it will be too soon...that's gonna be written on Cowens gravestone.

it should be

Brian Cowen 1960 - 2012: died due to the best medical advise available to him at the time

Duggy747

sensibleken wrote: »

Brian Cowen 1960 - 2012: died due to the best medical advise available to him at the time

"Put the fork down, fatty"

Ali Babba

sensibleken wrote: »

it should be

Brian Cowen 1960 - 2012: died due to the best medical advise available to him at the time

What medical advise was that, to keep his head down?

rednik

Probably have to start paying those early retrement schemes.

Mark200

Presumably due to the costs of injecting more capital into the banks.... a condition that was part of the bailout.

Turtyturd

Mark200 wrote: »

Presumably due to the costs of injecting more capital into the banks.... a condition that was part of the bailout.

Them bonuses gotta be paid.

sensibleken

Duggy747 wrote: »

"Put the fork down, fatty"

"We are where we are. Glasnevin"

Irish Slaves for Europe

Mark200 wrote: »

Presumably due to the costs of injecting more capital into the banks.... a condition that was part of the bailout.

but the NPRF was supposed to be used first, which isn't the case

ejmaztec

It's for the mass-facial reconstruction surgery of all FF TDs so that they won't be recognised when they're queuing up at the dole office after the party goes tits up*.


*wishful thinking, because there will still be party stalwarts cretins voting for them.

SEPT 23 1989

all the pension reserve money is gone