Greece gets €40 billion debt deal – Ireland still whistling

Second debt deal

Eurozone finance ministers have struck a new deal with the IMF to slice more than 40 billion euros ($A50 billion) off Greece’s massive debt burden by 2020 — in turn freeing up long-blocked loans. via Sky News: New deal to cut Greek debt.

‘Great negotiators,’ said George Oilwell. ‘That’s their second debt deal this year. All we know is we are a ‘special case’. Whatever the hell that means?’

The deal also paves the way for the release of part of Greece’s second bailout, damning the country to more crippling austerity and maintaining their inability to pay.

‘Austerity is like tackling mayhem with chaos,’ said Larry Bird. ‘Still, our second bailout is due next year, so who knows, we might get a few quid off also.’

Filed under: The Irish Daily Bull, Bailout countries, bailouts in europe, ECB, EU, George Oilwell, greece, IMF, Ireland, larry bird, The Irish Bull

Greeks withdraw €800 million a day to buy food

Doomed

Greeks are pulling their cash out of the banks and stocking up with food ahead of a cliffhanger election on Sunday that many fear will result in the country being forced out of the euro. via Debt crisis: Greeks stockpile food and withdraw cash – European, Business – Independent.ie.

‘I did the same,’ said Larry Bird. ‘And I’m not even Greek.’

‘Good call,’ forecast George Oilwell.

Italian borrowing costs continued to rise this morning throwing the Eurozone into further chaos. A move to shore up Spanish banks to the tune of €100 billion at the weekend was laughed at by the financial markets within hours as they sent interest on Spanish borrowing to record levels.

‘I feel sorry for common Europeans,’ said Socialist Affairs correspondent, Celeste Chavez, who repatriating back to her Venezuelan home with immediate effect. ‘Long live Ireland.’

Filed under: The Irish Daily Bull, austerity measures, Celeste Chavez, George Oilwell, greece, larry bird, The Irish Bull

ECB: NO ‘deal’ on Irish bank debt – Flooding on the way.

Nein, Nein

First it was Angela Merkle scoffing at suggestions of an Irish ‘deal’ on bank debt causing the taoiseach embarrassment just days after he delivered for the German Chancellor.

Now ECB head, Mario Draghi, has also poured cold water on hopes that Ireland will get a deal on its multi-billion euro bank debt following the recent Yes vote to the Fiscal Treaty Referendum. via Debt Crisis: ECB president Draghi pours cold water on bank deal after Yes vote – European, Business – Independent.ie.

Earlier, the taoiseach refused to disclose in the Dáil  the nature of the conversation he had at the weekend with Angela Merkle when he allegedly told the German leader he wanted a deal on Ireland’s banking debt.

‘Wanting and getting are too different things. I keep telling that to me kids. The nine of them,’ said ‘The Hatch’ Moore.

It would appear to now be fair in suggesting that Ireland is under study – an experiment in controlled austerity – a cordial acceptance unlike in other Euro hotspots for austerity. The last great hope for austerity in Europe. With Spanish banks on the verge of collapse and an anti-bailout party leading the polls in Greece, Irish banking debt is the least of the Eurozone’s worries.

‘Will be the end for Enda when he has to print the punt if it all comes crashing down. After being a Messiah for the Euro and all,’ said George Oilwell – who escaped uninjured after an earthquake rocked Co. Mayo earlier this morning.

To add to recent woes, localized flooding and strong winds are expected in Ireland over the next 36 hours. Never dull round here.

 

Filed under: The Irish Daily Bull, 'The Hatch' Moore, angela merkel, bank debt, earthquake in co. mayo, ECB, George Oilwell, greece, mario draghi, The Irish Bull

IMF Chief causes worldwide outrage with Greek remark

‘Rampant tax-dodgers’

In an interview with the Guardian newspaper, IMF Christine Lagarde said she had more sympathy for victims of poverty in sub-Saharan Africa than Greeks hit by the economic crisis. via Christine Lagarde’s Greek comments provoke fury | World news | guardian.co.uk.

‘It’s nice to know who we’re in bed with,’ said Larry Bird – who’s going through a lean spell. ‘I wonder what she will say about us when we have to default?’

Largarde also accused the Greek people of rampant tax-dodging – despite the IMF profiting from nothing but debt throughout their short history. They have left a trail of human misery in their wake as they stripped countries of their national assets. In recent times they have been booted from various South American countries.

 

 

Filed under: The Irish Daily Bull, christine lagarde, Europe, greece, IMF, larry bird, The Irish Bull