The EU Bails out Ireland with $100 billion - GoFuckYourself.com

DateDoc · 11-22-2010, 07:43 AM

DUBLIN ? Ireland?s decision to accept a rescue package worth more than $100 billion prompted a call Monday for early elections and a warning from a major ratings agency that the bailout could prove to be a ?credit negative? for the country.

European Union officials, who had been pushing Ireland to accept help, quickly agreed to the request late Sunday, committing a significant amount of money to an ailing member for the second time in six months. The total amount was not announced, but several officials said it would be 80 billion to 90 billion euros, or $109 billion to $123 billion. Last spring, Europe disbursed 110 billion euros to Greece to save it from default.

The move, which will allow Ireland to shore up its faltering banks and operate without having to borrow money at budget-breaking rates, was welcomed by Ireland?s neighbors on Monday, although financial markets were more cautious. There were also rising worries about political stability in Ireland as a result of the bailout and the angry public backlash it engendered.

http://www.nytimes.com/2010/11/23/bu...er=rss&emc=rss

Nicky · 11-22-2010, 07:46 AM

I wonder how this will turn out.

Paul Markham · 11-22-2010, 07:47 AM

The whole Euro crisis shows the problem of having a currency like the Euro covering many countries then allowing them to run their economy as they please.

Greece, Ireland, Spain and Portugal are all in trouble because they spent more than they earned and loaned to make up the difference. The trouble down the line will be whether they can pay the loan back.

Barefootsies · 11-22-2010, 07:48 AM

Quote:

Originally Posted by Paul Markham

The whole Euro crisis shows the problem of having a currency like the Euro covering many countries then allowing them to run their economy as they please.

Greece, Ireland, Spain and Portugal are all in trouble because they spent more than they earned and loaned to make up the difference. The trouble down the line will be whether they can pay the loan back.

True dat.

Open a history book and see how well it's worked out in the past.

DateDoc · 11-22-2010, 07:51 AM

I wonder what austerity measures come along with the loan?

Paul Markham · 11-22-2010, 07:58 AM

Quote:

Originally Posted by DateDoc

I wonder what austerity measures come along with the loan?

Income tax up
Sales tax (VAT) up.
Government spending cut.

DateDoc · 11-22-2010, 07:59 AM

Quote:

Originally Posted by Paul Markham

Income tax up
Sales tax (VAT) up.
Government spending cut.

I wonder how many companies will leave Ireland if the corp income tax is raised.

TeenCat · 11-22-2010, 08:00 AM

looks like not much adult webmasters there

Paul Markham · 11-22-2010, 08:04 AM

The problem that's the reason for the dark days ahead is the balance of payments. The difference between exports and imports.

Most of the Western countries import far more than they export. Even including financial services the gap was to large. When the financial collapse happened the problem became clear to see.

The system was underpinned with loans and a Bond market. Which means the people who hold the loans and Bonds control the system. Which is why I THINK that politicians say that there should be no move to balance imports and exports. If they do that the Chines and others will call in the loans.

Twoface31 · 11-22-2010, 08:05 AM

ummmmmmmmmmmm

Paul Markham · 11-22-2010, 08:06 AM

Quote:

Originally Posted by DateDoc

I wonder how many companies will leave Ireland if the corp income tax is raised.

Irish corporation tax is the lowest in the industrial world. Even if they raise it it would still be the lowest. Unless they raise it a lot.

Machete_ · 11-22-2010, 08:07 AM

Quote:

Originally Posted by Paul Markham

The whole Euro crisis shows the problem of having a currency like the Euro covering many countries then allowing them to run their economy as they please.

Greece, Ireland, Spain and Portugal are all in trouble because they spent more than they earned and loaned to make up the difference. The trouble down the line will be whether they can pay the loan back.

yeah, better to just start printing new money non stop once your national debt hits $13 trillion

thunder99 · 11-22-2010, 08:47 AM

Not a good day for Ireland, the government collapsed earlier so there's elections in the New Year.

I'd been thinking of moving back there recently, but Hungary doesn't look too bad after today's news.

gaffg · 11-22-2010, 08:48 AM

no more low taxes for Ireland now

Dirty Dane · 11-22-2010, 08:59 AM

Quote:

Originally Posted by Paul Markham

Irish corporation tax is the lowest in the industrial world. Even if they raise it it would still be the lowest. Unless they raise it a lot.

That's why the big international companies transfer their money to Ireland. Like Coca-Cola, their patent in Europe is "placed" there. Meanwhile, the workers must pay the domestic tax that the big companies don't pay. It's years of legal fraud, and now the workers have to pay even more.. to keep it alive.

DateDoc · 11-22-2010, 09:02 AM

Quote:

Originally Posted by Paul Markham

Irish corporation tax is the lowest in the industrial world. Even if they raise it it would still be the lowest. Unless they raise it a lot.

I know, it is 12.5%. Hungary & Iceland are next with 18% corp tax rates.

11-22-2010, 09:08 AM

they lasted quite long. . .

DateDoc · 11-22-2010, 09:09 AM

HP is already posturing that they may pull out of Ireland if the Corp Taxes are raised.

Quote:

Hewlett-Packard Co., based in Palo Alto, California, said it may reconsider its investment in Ireland should the country raise its 12.5 percent company tax rate as part of a deal to secure the EU-IMF aid.

- LOL - · 11-22-2010, 09:09 AM

The Irish people are now officially slaves to the JEW banksters and they and their children and their grandchildren face a future of scraping by with the results of their labour going to the jews.

Time to kill all the bankers and jews. Adolf was right.

u-Bob · 11-22-2010, 09:17 AM

baddog · 11-22-2010, 09:18 AM

It is sad that a country of only 4 million people can be as far in debt as Ireland.

IllTestYourGirls · 11-22-2010, 09:22 AM

That would be like giving the US 10 trillion

Roald · 11-22-2010, 09:23 AM

Quote:

Originally Posted by Altwebdesign

they lasted quite long. . .

Correct me if I am wrong but I believe they were among the best economy wise few years ago

wehateporn · 11-22-2010, 09:36 AM

Quote:

Originally Posted by - LOL -

The Irish people are now officially slaves to the JEW banksters and they and their children and their grandchildren face a future of scraping by with the results of their labour going to the jews.

Time to kill all the bankers and jews. Adolf was right.

There are lots of nice Jews too, Winston Churchill (half Jew) once wrote

Quote:

The conflict between good and evil which proceeds unceasingly in the breast of man nowhere reaches such intensity as in the Jewish race. The dual nature of mankind is nowhere more strongly or more terribly exemplified.

nolongerexists · 11-22-2010, 09:37 AM

google's HQ is there. wondering how they feel about it

Paul Markham · 11-22-2010, 09:37 AM

Quote:

Originally Posted by Roald

Correct me if I am wrong but I believe they were among the best economy wise few years ago

It was built on sand.

Roald · 11-22-2010, 09:48 AM

Quote:

Originally Posted by Paul Markham

It was built on sand.

Well yeah just like the rest of the world

11-22-2010, 09:52 AM

Quote:

Originally Posted by Roald

Correct me if I am wrong but I believe they were among the best economy wise few years ago

Not a clue!

Paul Markham · 11-22-2010, 09:58 AM

Quote:

Originally Posted by Roald

Well yeah just like the rest of the world

I said something like that in my first post here.

pornguy · 11-22-2010, 10:03 AM

Has GM paid back their bail out money?? Think these guys ever will?

Klen · 11-22-2010, 10:14 AM

Quote:

Originally Posted by pornguy

Has GM paid back their bail out money?? Think these guys ever will?

Yes,beacuse this is loan not a bailout.

seeandsee · 11-22-2010, 10:21 AM

Eur will die in pain

fatfoo · 11-22-2010, 10:29 AM

$100 billion - that's quite a lot of money. For me it is a sum of money that I cannot visualize in my head. The number is too big.

u-Bob · 11-22-2010, 10:32 AM

Quote:

Originally Posted by seeandsee

Eur will die in pain

sad but true

k0nr4d · 11-22-2010, 10:39 AM

god damn
they couldn't wait a couple of days? now my mortage is gonna cost more.

Vendzilla · 11-22-2010, 11:03 AM

Just like with Japan and now the US, it will depend on how they use the money. So far government spending is not the way to go, but cutting spending seems to be

http://money.cnn.com/2009/01/21/news...tune/index.htm

Antonio · 11-22-2010, 11:05 AM

too much drinking -> clouded judgment -> borrowing more than they can pay back -> now we have to pay for the Irish

Kiopa_Matt · 11-22-2010, 11:20 AM

So what's going to happen when Germany begins to fail, because they're already spent all their money (and credit) on helping out every other EU country?

That's going to be shitty...

baddog · 11-22-2010, 11:37 AM

Quote:

Originally Posted by Kiopa_Matt

So what's going to happen when Germany begins to fail, because they're already spent all their money (and credit) on helping out every other EU country?

That's going to be shitty...

I think the Germans got screwed from the gate with the introduction of the Euro.

11-22-2010, 07:43 AM	#1
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	The EU Bails out Ireland with $100 billion DUBLIN ? Ireland?s decision to accept a rescue package worth more than $100 billion prompted a call Monday for early elections and a warning from a major ratings agency that the bailout could prove to be a ?credit negative? for the country. European Union officials, who had been pushing Ireland to accept help, quickly agreed to the request late Sunday, committing a significant amount of money to an ailing member for the second time in six months. The total amount was not announced, but several officials said it would be 80 billion to 90 billion euros, or $109 billion to $123 billion. Last spring, Europe disbursed 110 billion euros to Greece to save it from default. The move, which will allow Ireland to shore up its faltering banks and operate without having to borrow money at budget-breaking rates, was welcomed by Ireland?s neighbors on Monday, although financial markets were more cautious. There were also rising worries about political stability in Ireland as a result of the bailout and the angry public backlash it engendered. http://www.nytimes.com/2010/11/23/bu...er=rss&emc=rss __________________

11-22-2010, 07:46 AM	#2
Nicky Judge Jury and Executioner Industry Role: Join Date: Mar 2003 Location: Sweden Posts: 30,069	I wonder how this will turn out. __________________ gfynicky @ gmail.com

11-22-2010, 07:47 AM	#3
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	The whole Euro crisis shows the problem of having a currency like the Euro covering many countries then allowing them to run their economy as they please. Greece, Ireland, Spain and Portugal are all in trouble because they spent more than they earned and loaned to make up the difference. The trouble down the line will be whether they can pay the loan back. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

11-22-2010, 07:51 AM	#5
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	I wonder what austerity measures come along with the loan? __________________

11-22-2010, 08:00 AM	#8
TeenCat Too lazy to set a koala Industry Role: Join Date: Jan 2007 Location: CZ/EU forever! Posts: 16,139	looks like not much adult webmasters there __________________ 6bot / Coming again very soon! Svit Zlin Radio 24/7!

11-22-2010, 08:04 AM	#9
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	The problem that's the reason for the dark days ahead is the balance of payments. The difference between exports and imports. Most of the Western countries import far more than they export. Even including financial services the gap was to large. When the financial collapse happened the problem became clear to see. The system was underpinned with loans and a Bond market. Which means the people who hold the loans and Bonds control the system. Which is why I THINK that politicians say that there should be no move to balance imports and exports. If they do that the Chines and others will call in the loans. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

11-22-2010, 08:05 AM	#10
Twoface31 Confirmed User Join Date: Sep 2006 Posts: 2,746	ummmmmmmmmmmm __________________ Email: [email protected] HentaiG4h * Lusty Life ICQ: 291-953

11-22-2010, 08:47 AM	#13
thunder99 Confirmed User Industry Role: Join Date: Nov 2003 Location: Budapest Posts: 503	Not a good day for Ireland, the government collapsed earlier so there's elections in the New Year. I'd been thinking of moving back there recently, but Hungary doesn't look too bad after today's news. __________________ yeah, yeah

11-22-2010, 08:48 AM	#14
gaffg Confirmed User Industry Role: Join Date: Jan 2010 Location: Online Posts: 717	no more low taxes for Ireland now __________________ http://gaffg.com/affiliate-programs/ Find all gambling affiliate programs based on categories: casino, poker, sportsbetting, bingo, mobile. Find forex and binary options affiliate programs. Listed by revenue share, CPA and sub affiliate commission.

11-22-2010, 09:08 AM	#17
Altwebdesign Guest Posts: n/a	they lasted quite long. . .

11-22-2010, 09:09 AM	#19
- LOL - So Fucking Banned Industry Role: Join Date: Sep 2010 Posts: 396	The Irish people are now officially slaves to the JEW banksters and they and their children and their grandchildren face a future of scraping by with the results of their labour going to the jews. Time to kill all the bankers and jews. Adolf was right.

11-22-2010, 09:17 AM	#20
u-Bob there's no $$$ in porn Industry Role: Join Date: Jul 2005 Location: icq: 195./568.-230 (btw: not getting offline msgs) Posts: 33,063

11-22-2010, 09:18 AM	#21
baddog So Fucking Banned Industry Role: Join Date: Apr 2001 Location: the beach, SoCal Posts: 107,090	It is sad that a country of only 4 million people can be as far in debt as Ireland.

11-22-2010, 09:22 AM	#22
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	That would be like giving the US 10 trillion __________________

11-22-2010, 09:37 AM	#25
nolongerexists Confirmed User Industry Role: Join Date: Apr 2003 Posts: 1,096	google's HQ is there. wondering how they feel about it __________________ work smart not hard ;)

11-22-2010, 10:03 AM	#30
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,912	Has GM paid back their bail out money?? Think these guys ever will? __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

11-22-2010, 10:21 AM	#32
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	Eur will die in pain __________________ BUY MY SIG - 50$/Year Contact here

11-22-2010, 10:29 AM	#33
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	$100 billion - that's quite a lot of money. For me it is a sum of money that I cannot visualize in my head. The number is too big. __________________ Send me an email: [email protected]

11-22-2010, 10:39 AM	#35
k0nr4d Confirmed User Industry Role: Join Date: Aug 2006 Location: Poland Posts: 9,228	god damn they couldn't wait a couple of days? now my mortage is gonna cost more. __________________ Mechanical Bunny Media Mechbunny Tube Script \| Mechbunny Webcam Aggregator Script \| Custom Web Development

11-22-2010, 11:03 AM	#36
Vendzilla Biker Gnome Industry Role: Join Date: Mar 2004 Location: cell#324 Posts: 23,201	Just like with Japan and now the US, it will depend on how they use the money. So far government spending is not the way to go, but cutting spending seems to be http://money.cnn.com/2009/01/21/news...tune/index.htm __________________ Webair died? Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants think about that

11-22-2010, 11:05 AM	#37
Antonio Too lazy to set a custom title Join Date: Oct 2001 Location: Spartaaaaaaaaa Posts: 14,136	too much drinking -> clouded judgment -> borrowing more than they can pay back -> now we have to pay for the Irish

11-22-2010, 11:20 AM	#38
Kiopa_Matt Confirmed User Industry Role: Join Date: Oct 2007 Posts: 1,448	So what's going to happen when Germany begins to fail, because they're already spent all their money (and credit) on helping out every other EU country? That's going to be shitty... __________________ xMarkPro -- Ultimate Blog Network Management Streamline your marketing operations. Centralize management of domains, pages, Wordpress blogs, sponsors, link codes, media items, sales and traffic statistics, plus more!