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The government are loving all of the hulabaloo around the interest rate

  • 27-05-2011 7:47pm
    #1
    CommuterIE
    Closed Accounts Posts: 462 ✭✭


    It hides the real fact....

    A cut of 1% will save €400 million over the course of the loan...

    This is not even a drop in the water of the financial problems this country is facing... we cannot fund day to day running of the country! And all the press is harping on about is the bloody interest rate! Yes it should be cut but it shouldn't detract attention from the real storm... this country is on it's way to default and bankruptcy faster than a d'lorean can go back in time*









    *OK, it's an exageration... but you get my drift....


Comments

  • #2
    iMax
    Closed Accounts Posts: 3,489 ✭✭✭iMax


    CommuterIE wrote: »
    this country is on it's way to default and bankruptcy faster than a d'lorean can go back in time


    At 89 miles per hour then ?


  • #3
    Biggins
    Banned (with Prison Access) Posts: 34,567 ✭✭✭✭Biggins


    Keep the sheep distracted, sidelined from mass seeing a possible bigger picture?


  • #4
    Badgermonkey
    Closed Accounts Posts: 3,019 ✭✭✭Badgermonkey


    Who's been keeping Aldi Angus Fillet Steak a secret?

    Own up, sweet Jesus, that was good.


  • #5
    cml387
    Registered Users, Registered Users 2 Posts: 8,642 ✭✭✭cml387


    Biggins wrote: »
    Keep the sheep distracted, sidelined from mass seeing a possible bigger picture?


    You guys made up? Ahhh.

    Actually serious point, an interest rate reduction would play as a "win" for the government,giving them a bit of a breathing space,that's all.

    I agree with OP though,Greece will default followed by us.September time frame i'd say.


  • #6
    cml387
    Registered Users, Registered Users 2 Posts: 8,642 ✭✭✭cml387


    Badgermonkey wrote: »
    Who's been keeping Aldi Angus Fillet Steak a secret?

    Own up, sweet Jesus, that was good.

    Try the ribeye....mmmmmmmmmm


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  • #7
    admiralofthefleet
    Closed Accounts Posts: 15,515 ✭✭✭✭admiralofthefleet


    first ive heard of it:rolleyes:


  • #8
    Biggins
    Banned (with Prison Access) Posts: 34,567 ✭✭✭✭Biggins


    We have our own problems without worrying bout Greece.
    What will happen with them, I suspect is inevitable.
    I'm hoping that our government finds a set of balls to tell Sarkosy and the next new IMF banker (the French Female up for the role and is NO friend of Ireland) to go and fcuk themselves.


  • #9
    CommuterIE
    Closed Accounts Posts: 462 ✭✭CommuterIE


    Biggins wrote: »
    We have our own problems without worrying bout Greece.
    What will happen with them, is suspect is inevitable.
    I'm hoping that our government finds a set of balls to tell Sarkosy and the next new IMF banker (the French Female up for the role and is NO friend of Ireland) to go and fcuk themselves.

    Really, cut of the funding altogether?? Or are you now harping on about the interest rate also?


  • #10
    ejmaztec
    Registered Users, Registered Users 2 Posts: 24,228 ✭✭✭✭ejmaztec


    The ECB will end up having to swallow all of these debts, to try and prevent the Eurozone going down the sh1tter, because they know full well that the countries in hock can't handle them. Trying to massage the interest rate's not going to make much difference in the end.


  • #11
    Biggins
    Banned (with Prison Access) Posts: 34,567 ✭✭✭✭Biggins


    CommuterIE wrote: »
    Really, cut of the funding altogether?? Or are you now harping on about the interest rate also?
    Sarkosy and the female (if elected) are not the whole of the IMF - at least I hope not.
    If they are, Ireland is fcuked for sure.

    I'm agreeing with you.

    Yes, the interest rate while a problem, is the lesser of other problems we are facing in relation to our payments back to those that are sucking our finances (your finances and mine) out of Ireland - just so that their banking system by domino effect don't collapse and so that they further in effect don't additionally lose out even bigger in their profits, schemes and invested banking systems - which they have invested heavily.


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