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Howlin would like to reschedule debt??

  • 13-05-2011 11:47am
    #1
    sollar
    Closed Accounts Posts: 2,007 ✭✭✭


    Interesting piece by howlin on rte there.
    http://www.rte.ie/news/2011/0513/howlin-business.html

    He says : "It would be desirable if Ireland could reschedule its debt and pay back loans over a longer period of time."

    Is this an admission that the current path is not sustainable? Personally I would like to the debt paid back over 30 or 40 years. This way we may have a chance of avoiding a lost decade.




Comments

  • #2
    Permabear
    Closed Accounts Posts: 39,022 ✭✭✭✭Permabear


    This post has been deleted.


  • #3
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    Restructuring :P sounds better than Default I suppose

    Double Plus Restructuring sounds doubly as nice


  • #4
    Jaysoose
    Closed Accounts Posts: 3,212 ✭✭✭Jaysoose


    It would be a good way of keeping the status quo on goverment expenditure aswell and preventing the new goverment vbecoming unpopular, just make the adjustments already for fook sake and start to get this ****storm sorted..


  • #5
    fred252
    Registered Users, Registered Users 2 Posts: 450 ✭✭fred252


    30-40 years might be a stretch. even 10 years would help us immensely.


  • #6
    sollar
    Closed Accounts Posts: 2,007 ✭✭✭sollar


    As this is a government minister talking about stretching out the debt. They must be pretty serious about it.


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  • #7
    20Cent
    Registered Users, Registered Users 2 Posts: 8,942 ✭✭✭20Cent


    10 Billion a year in interest payments alone!!!
    It is clearly unsustainable, it is also unfair and immoral to put private debt in the hands of the taxpayer. Stretching the time or reducing the interest is not enough some of those who gambled and lost need to take a hit.


  • #8
    Richard tea
    Registered Users, Registered Users 2 Posts: 3,597 ✭✭✭Richard tea


    20Cent wrote: »
    10 Billion a year in interest payments alone!!!
    It is clearly unsustainable, it is also unfair and immoral to put private debt in the hands of the taxpayer. Stretching the time or reducing the interest is not enough some of those who gambled and lost need to take a hit.


    COOL THE JETS TONY........ Is it seriously 10 billion a year in interest payments, or is that a typo. Please be a typo, Please be a typo, Please be a typo


  • #9
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    Richard tea wrote: »
    COOL THE JETS TONY........ Is it seriously 10 billion a year in interest payments, or is that a typo. Please be a typo, Please be a typo, Please be a typo

    http://www.ntma.ie/GovernmentBonds/Daily_Bonds_Outstanding.pdf


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