Ireland Officially Finished Now - Stress Test

UsernameInUse · 31-03-2011 9:23pm #1

Stress test has revealed that our perception of the national debt is only a drop in the ocean. Everyone in the country must cough up more shortly. Tracker mortgages are going to be raised in the next month - meaning mortgage holders will default on their loans putting an end to the zombie banks.

That's 70,000 divided by 4.2 million people= €16,666 extra debt per person, per man, woman and child. Or rather, €833 euro per person per year extra in interest alone. I'm eagerly awaiting for the real protests to begin. You thought your woes had ended when Fine Gael and LP were voted in - think again. It's just the beginning.

I am taking my money out of the bank and transferring it into Swiss accounts. I suggest you do the same AH - or else you'll lose everything.

R0ot · 31-03-2011 9:25pm

Yes because protesting is the way to combat debt issues.... morons.

31-03-2011 9:25pm

UsernameInUse wrote: »

Stress test has revealed that our perception of the national debt is only a drop in the ocean. Everyone in the country must cough up more shortly. Tracker mortgages are going to be raised in the next month - meaning mortgage holders will default on their loans putting an end to the zombie banks.

That's 70,000 divided by 4.2 million people= €16,666 extra debt per person, per man, woman and child. Or rather, €833 euro per person per year extra in interest alone. I'm eagerly awaiting for the real protests to begin. You thought your woes had ended when Fine Gael and LP were voted in - think again. It's just the beginning.

I am taking my money out of the bank and transferring it into Swiss accounts. I suggest you do the same AH - or else you'll lose everything.

Reacting to the problem of deposit to loan ratios by removing more deposits

Yes, that will solve our problems

UsernameInUse · 31-03-2011 9:27pm

bluewolf wrote: »

Reacting to the problem of deposit to loan ratios by removing more deposits

Yes, that will solve our problems

Quite right - but the last loses.

The Shtig · 31-03-2011 9:28pm

Dear Ireland People ,

Dear Ireland people I realise you are going through very very hard time. You give me money and I give you double two year time.

Best Wishes
Mohammed, Prince of Nigeria

dreamers75 · 31-03-2011 9:29pm

bluewolf wrote: »

Reacting to the problem of deposit to loan ratios by removing more deposits

Yes, that will solve our problems

Solve his tho.

PeterIanStaker · 31-03-2011 9:32pm

Fuck you very much, Fianna Fail.

Enjoy the large pensions you traitorous cunts.

UsernameInUse · 31-03-2011 9:32pm

PRESS RELEASE

31 March 2011 - ECB announces the suspension of the rating threshold for debt instruments of the Irish government

The Governing Council of the European Central Bank (ECB) has decided to suspend the application of the minimum credit rating threshold in the collateral eligibility requirements for the purposes of the Eurosystem’s credit operations in the case of marketable debt instruments issued or guaranteed by the Irish government. The suspension applies to all outstanding and new marketable debt instruments. It will be maintained until further notice.

The Irish government is implementing the economic and financial adjustment programme negotiated with the European Commission, in liaison with the ECB, and the International Monetary Fund. The Governing Council has assessed the programme positively. The suspension announced herewith is based on this positive assessment of the programme, the commitment of the Irish government to fully implement it and the Irish government’s decisions of 31 March 2011 to ensure – following its thorough asset valuation exercise – a capital increase totalling EUR 24 billion (out of which EUR 3 billion in the form of contingent capital), for four Irish banks, and to deleverage and downsize the banking sector.

The Governing Council therefore deems debt instruments issued or guaranteed by the Irish government to fulfil the credit standards required for collateral in Eurosystem credit operations. The relevant risk control measures will be reviewed on a continuous basis.

http://www.ecb.int/press/pr/date/2011/html/pr110331_2.en.html

Translation:

We are so broke that our government bonds are not worth sh*t under normal accounting procedures. However because we have become a vassal state through the EU/IMF structural adjustment programme, they are willing to overlook this so long as we keep toeing the line. If we get uppity they will reinstate normal 'credit rating' and stop pretending our bonds are worth anything, triggering instant total bankruptcy.

Koloman · 31-03-2011 9:33pm

The Shtig wrote: »

Dear Ireland People ,

Dear Ireland people I realise you are going through very very hard time. You give me money and I give you double two year time.

Best Wishes
Mohammed, Prince of Nigeria

You sound more credible than the Government!

Saila · 31-03-2011 9:35pm

no it was finished a few months ago, so really you could say were flogging a dead horse now

Duckworth_Luas · 31-03-2011 9:36pm

The Shtig wrote: »

Dear Ireland People ,

Dear Ireland people I realise you are going through very very hard time. You give me money and I give you double two year time.

Best Wishes
Mohammed, Prince of Nigeria

We can give you two detached houses in Leitrim for free. They're free, honestly. Take them, take them please.

Guy:Incognito · 31-03-2011 9:38pm

PeterIanStaker wrote: »

Fuck you very much, Fianna Fail.

Enjoy the large pensions you traitorous cunts.

Was it not Labour that said they would under no circumstances hand over any more money to the banks? and if they did it would not be heaped on the taxpayer?

I can only assume they were keeping very quiet today ( I havnt sen any of the press conferences)

Just goes to show it's very easy to piss and moan while in opposition and promise the people everything........

PK2008 · 31-03-2011 9:38pm

I wouldn't worry about it, everyone gets stressed when doing tests.

"I dont know what a tracker mortgage is...."

ilovesleep · 31-03-2011 9:39pm

The Shtig wrote: »

Dear Ireland People ,

Dear Ireland people I realise you are going through very very hard time. You give me money and I give you double two year time.

Best Wishes
Mohammed, Prince of Nigeria

Do you know what? There will be people here on boards who would be more than happy to feed their kids a diet of turf and coal for life just to give their money away. Tell them that they are racist and they give you the shirts on their backs. Educated workforce my arse

bryaner · 31-03-2011 9:41pm

UsernameInUse wrote: »

Stress test has revealed that our perception of the national debt is only a drop in the ocean. Everyone in the country must cough up more shortly. Tracker mortgages are going to be raised in the next month - meaning mortgage holders will default on their loans putting an end to the zombie banks.

That's 70,000 divided by 4.2 million people= €16,666 extra debt per person, per man, woman and child. Or rather, €833 euro per person per year extra in interest alone. I'm eagerly awaiting for the real protests to begin. You thought your woes had ended when Fine Gael and LP were voted in - think again. It's just the beginning.

I am taking my money out of the bank and transferring it into Swiss accounts. I suggest you do the same AH - or else you'll lose everything.

Trackers going up?

Please tell me more..:(

Locked Messed Monster · 31-03-2011 9:41pm

Nothing to worry about. You just have to see the US debt to see that.

By nothing to worry about I mean they are more fooked than us and don't even realise it yet.

A minor distraction really.

Guy:Incognito · 31-03-2011 9:41pm

PK2008 wrote: »

"I dont know what a tracker mortgage is...."

Either does anyone that gets a job in a bank after this year.:)

bryaner · 31-03-2011 9:42pm

Sorry I follow, you mean ECB base rate going up..

Turtyturd · 31-03-2011 9:43pm

The Shtig wrote: »

Dear Ireland People ,

Dear Ireland people I realise you are going through very very hard time. But you only have yourself to blame, for years now I try deposit money into bank accounts of your citizens but am only met with joke replies.

Who's laughing now?

Best Wishes
Mohammed, Prince of Nigeria

FYP.

macroboy · 31-03-2011 9:44pm

trackers will be asked to donate some funds...while the rest of the people pay with their taxes..im so glad i never paid into the irish system..

utterly moronic .

ilovesleep · 31-03-2011 9:45pm

Locked Messed Monster wrote: »

Nothing to worry about. You just have to see the US debt to see that.

By nothing to worry about I mean they are more fooked than us and don't even realise it yet.

A minor distraction really.

US debt is 14 trillion.
Our debt equals to 7 trillion dollars. we are a rock on the edge of europe. usa is a continent

squod · 31-03-2011 9:46pm

UsernameInUse wrote: »

You thought your woes had ended when Fine Gael and LP were voted in - think again. It's just the beginning.

Hang OP, let's be clear here. FG's policy was to support the actions of FF and continue their' policy of austerity for the benefit of bankers. People voted for them because of this. You can't now start misrepresenting people's wishes.

upandcumming · 31-03-2011 9:47pm

You are one annoying bastard OP.

mgmt · 31-03-2011 9:52pm

https://www.youtube.com/watch?v=nxtJoGdujYo

Il Trap · 31-03-2011 9:53pm

The Shtig wrote: »

Dear Ireland People ,

Dear Ireland people I realise you are going through very very hard time. You give me money and I give you double two year time.

Best Wishes
Mohammed, Prince of Nigeria

Great post

Duckworth_Luas · 31-03-2011 9:55pm

ilovesleep wrote: »

US debt is 14 trillion.
Our debt equals to 7 trillion dollars. we are a rock on the edge of europe. usa is a continent

7 trillion? Surely some mistake!

That's seven thousand billion :eek:

I recall the Albert Reynolds getting 5 Billion in structural aid from the EU. This was greeted with huge fanfare as it was going to provide us a modern infrastructure.

bryaner · 31-03-2011 9:57pm

ilovesleep wrote: »

US debt is 14 trillion.
Our debt equals to 7 trillion dollars. we are a rock on the edge of europe. usa is a continent

Think you have your maths wrong dude.

SparkyTech · 31-03-2011 9:58pm

Money comes and goes in cycles...we will bounce back... eventually...in about 20 years perhaps? Just hazarding a guess

PeterIanStaker · 31-03-2011 10:00pm

Guy:Incognito wrote: »

Was it not Labour that said they would under no circumstances hand over any more money to the banks? and if they did it would not be heaped on the taxpayer?

I can only assume they were keeping very quiet today ( I havnt sen any of the press conferences)

Just goes to show it's very easy to piss and moan while in opposition and promise the people everything........

Seriously, it doesnt matter what FG/Lab do now because of the financial hand grenade they've been handed.
They'll default in six months or sooner because they'll have no choice.

Time to start putting money in the mattress because we'll be like Weimar frigging Germany soon, as in taking a basket of euro's to buy a loaf of bread.

D1stant · 31-03-2011 10:05pm

So lets see we are at about 180B in total debt now. With 1.8M people working thats 100k per person at something like 5% interest

Picture your typical 'upwardly' - i.e tax generating PAYE familly 2 kids, 2 jobs, large mortgage........

1. Get your money safe if you have any
2. Then get the **** out

PeterIanStaker · 31-03-2011 10:05pm

SparkyTech wrote: »

Money comes and goes in cycles...we will bounce back... eventually...in about 20 years perhaps? Just hazarding a guess

During which time Fianna Fail will have convinced the sheeple to vote them in again, and thus restart the cycle.

bryaner · 31-03-2011 10:07pm

Thank fcuk I have no savings so..:eek:

darragh16 · 31-03-2011 10:10pm

Fianna Fail = Fine Gael

Did anyone expect anything different?

PeterIanStaker · 31-03-2011 10:16pm

darragh16 wrote: »

Fianna Fail = Fine Gael

Did anyone expect anything different?

No, because there isn't anything they can do about FF's mess, except default.

bryaner · 31-03-2011 10:19pm

PeterIanStaker wrote: »

No, because there isn't anything they can do about FF's mess, except default.

Whats the synopsis after default so?

Pardon my ignorance..

PeterIanStaker · 31-03-2011 10:28pm

bryaner wrote: »

Whats the synopsis after default so?

Pardon my ignorance..

this

http://4.bp.blogspot.com/_AOklvvFRVoY/TNl-mePiWhI/AAAAAAAAAIY/fhF76Hl3ssk/s1600/wheelbarrow+of+cash.bmp

will be us going to the shops for a sliced pan and the latest issue of Viz.

bryaner · 31-03-2011 10:33pm

PeterIanStaker wrote: »

this

http://4.bp.blogspot.com/_AOklvvFRVoY/TNl-mePiWhI/AAAAAAAAAIY/fhF76Hl3ssk/s1600/wheelbarrow+of+cash.bmp

will be us going to the shops for a sliced pan and the latest issue of Viz.

Oh god no, the father in law has about a half mil in the bank, the thats that fcuked so..

Fluorescence · 31-03-2011 10:34pm

R0ot wrote: »

Yes because protesting is the way to combat debt issues.... morons.

Yes because pouring money into a black hole is the way to solve the problem.... morons.

Guy:Incognito · 31-03-2011 10:36pm

PeterIanStaker wrote: »

Seriously, it doesnt matter what FG/Lab do now because of the financial hand grenade they've been handed.
They'll default in six months or sooner because they'll have no choice.
.

Well then it boils down to they plain old lied to get votes.

Fluorescence · 31-03-2011 10:39pm

Canadian dollars are stable, eh? Time to stock up! :pac:

duckmusic · 31-03-2011 10:40pm

UsernameInUse wrote: »

That's 70,000 divided by 4.2 million people= €16,666 extra debt per person, per man, woman and child.

There is nowhere near 4.2 million people in Ireland right now.

questionmark? · 31-03-2011 10:46pm

darragh16 wrote: »

Fianna Fail = Fine Gael

Did anyone expect anything different?

Hmm last time I looked Fine Gael and Labour form the current government.

FF policy over the last 14 years copper fastened by the PD's with the help of some very naive greens have lead this country into the mess that we now face.

Its now falling on FG and the Labour party to clean up the mess or maybe we should let SF and ULA into gov supported by Lowry and Healy Rae to clear up the mess:rolleyes:

Edit: Forgot to add members on boards should not encourage people to create a run on any bank that will just make things worse.

PeterIanStaker · 31-03-2011 10:48pm

Guy:Incognito wrote: »

Well then it boils down to they plain old lied to get votes.

Indeed, and also that they cannot fix the situation even if they try, and they won't even try.

paddydriver · 31-03-2011 10:53pm

I wanna know when that Bono cnut is gonna go to the africano's and look for some debt forgiveness for us? - we gave it to them, now their richer than us and time to give us something back.

AstonMartin · 31-03-2011 10:55pm

D1stant wrote: »

1. Get your money safe if you have any
2. Then get the **** out

how do you get your money safe?

the guarantee is worthless so are you talking about putting the cash into foreign banks? Which ones and what makes you think they are safe?

Ulysses Gaze · 31-03-2011 10:59pm

D1stant wrote: »

So lets see we are at about 180B in total debt now. With 1.8M people working thats 100k per person at something like 5% interest

Picture your typical 'upwardly' - i.e tax generating PAYE familly 2 kids, 2 jobs, large mortgage........

1. Get your money safe if you have any
2. Then get the **** out

Hate to say it but the 1.8 million people working is more likely 1.4 million. 450k on dole, plus 150,000/200,000+ who have left plus people returning to college or other education.....

Locked Messed Monster · 31-03-2011 11:14pm

ilovesleep wrote: »

US debt is 14 trillion.
Our debt equals to 7 trillion dollars. we are a rock on the edge of europe. usa is a continent

Not true but did you get your calculator out even at that?

I would ride myself cos im a sexy man · 31-03-2011 11:17pm

AstonMartin wrote: »

how do you get your money safe?

the guarantee is worthless so are you talking about putting the cash into foreign banks? Which ones and what makes you think they are safe?

Withdraw your money and hide it under the mattress.

I'm too smart for these high tech machines.

Billy Bunting · 31-03-2011 11:18pm

This is all to protect the euro club, it proves the euro's ****ed, give me back my punt.:D

I would ride myself cos im a sexy man · 31-03-2011 11:23pm

I thought about going on holiday to Lisbon.

I seen how much they were charging. So I decided NO.

squod · 31-03-2011 11:31pm

Billy Bunting wrote: »

This is all to protect the euro club, it proves the euro's ****ed, give me back my punt.:D

Dunno about that either. Had a fellow on RTE tonight (European economics steering group?) saying Europe never endorsed the blanket guarantee and that it was completely wrong of the previous government to do so.

No-one is going to tell us how this bizarre blanket guarantee came into effect until there's a trial called. Every government advisor has denied suggesting it to them .

Ireland Officially Finished Now - Stress Test

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