Comments on: WHAT WILL HAPPEN WHEN IRELAND’S GUARANTORS NEED A BAILOUT?

By: Conor McCabe

Conor McCabe — Sun, 27 Mar 2011 12:39:21 +0000

Doh! Thank Elias. Corrected.

By: sog

sog — Sun, 27 Mar 2011 12:32:45 +0000

Reposting of your article http://maxkeiser.com/2011/03/27/irish-are-dumb-fucks/

By: Elias

Elias — Fri, 25 Mar 2011 22:32:44 +0000

EFSF or ESFS

By: Donagh

Donagh — Thu, 24 Mar 2011 12:20:35 +0000

I read his and Stewart Holland’s Modest proposal for resolving the Euro crisis, which he points out is a three part crisis, debt, banking, and investment, last night, and its well worth thinking through:
http://varoufakis.files.wordpress.com/2011/03/ceb1-modest-proposal-2-1-light-version-excluding-context-and-rationale-pdf.pdf

Also, it seems to be a bit of a hit:
http://yanisvaroufakis.eu/2011/03/24/a-fresh-rationale-for-and-a-new-variant-version-2-1-of-the-modest-proposal-for-overcoming-the-euro-crisis/#more-560

As that post indicates, there are plenty of alternatives to what the EU is doing. That they refuse to acknowledge the two other problems, the banking crisis that has banks stuffed full of overpriced paper and are calling them assets, and which need to written down and the investment strike in peripheral countries suggests that they have different priorities.

By: Jim Monaghan

Jim Monaghan — Thu, 24 Mar 2011 11:19:35 +0000

http://www.internationalviewpoint.org/spip.php?article2007
While the above is about Greek debt a lot of it applies to Ireland. I am bemused that Irish Banks are exposed to Greek debt (bondholders again)
I now think that the whole edifice of EU banks is so intertwined that it could collapse. They have no idea of who they have ultimately loaned money too.