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RENEWED CLASHES HAVE broken out in Hong Kong as police used water cannon and tear gas to disperse hardcore protesters hurling Molotovs and bricks after tens of thousands rallied peacefully in a nearby park.
Huge crowds had gathered to mark the fifth anniversary of the Umbrella Movement, the failed pro-democracy campaign that laid the groundwork for the massive protests currently engulfing the finance hub.
Tens of thousands crammed into a park outside the city’s parliament, the same site that was the epicentre of the 2014 protests.
But smaller crowds took over a main road opposite the building with groups of hardcore activists in masks throwing bricks and petrol bombs at the nearby Central Government Offices.
Police responded with water cannon laced with pepper solution and tear gas volleys, though the crowds soon dispersed at the sight of riot police.
The scenes were reminiscent of the Umbrella Movement, which exploded when huge crowds came out after police fired tear gas at a student-led rally which had taken over the same highway – and was named after the ubiquitous tool people used to defend themselves from police.
Both 2014′s protests and the current demonstrations were fuelled by fears that Beijing is eroding freedoms in the semi-autonomous Chinese city and frustrations over the lack of direct elections. But the character of the protests has noticeably hardened in the intervening years.
Compared to the current strife – where street battles have erupted for 16 consecutive weeks – 2014′s protests were famous for students completing classwork in the camps, recycling their waste, and the police largely avoiding direct conflict during the 79-day occupation.
This summer’s pro-democracy protests have had a distinctly more existential feel, with clashes growing in intensity and Beijing issuing increasingly shrill warnings.
Many of those attending today’s rally defended the use of violence by more hardcore activists and spoke wistfully about the more festive atmosphere that characterised the Umbrella Movement.
But they said Beijing’s refusal to grant democracy – coupled with the ongoing erosion of freedoms – had hardened their resolve.
The Umbrella Movement introduced a whole new generation of Hong Kongers to direct action.
Earlier today, Joshua Wong, a prominent former student leader who served a short jail sentence for his role in organising the 2014 protests, announced that he would stand in upcoming district council elections.
He recently returned from the US where he testified before a Congressional committee about eroding freedoms in Hong Kong, infuriating Beijing.
China’s birthday
This summer’s protests were ignited by a now-scrapped plan to allow extraditions to the authoritarian mainland.
But they have snowballed into a wider movement calling for democratic rights and police accountability after Beijing and the city’s leader Carrie Lam took a hard line.
Activists are planning to ramp up their protests in the coming days.
Beijing is preparing a huge military parade on Tuesday to mark 70 years since the founding of the People’s Republic of China, revelling in its transformation into a global superpower.
However, democracy protesters are determined to take the shine off the festivities, with many shouting “save your energy!” today as they changed clothes and dispersed.
Rallies are planned for tomorrow to mark a Global Anti-Totalitarianism Day.
Students are planning a class boycott on Monday while online message boards – used to organise the largely leaderless protests – have filled with calls to disrupt celebrations of the People’s Republic’s 70th anniversary.
Among the demands being made by protesters is an independent inquiry into the police, an amnesty for the 1,500 people arrested, and universal suffrage.
But Beijing and local leader Carrie Lam have repeatedly dismissed those demands. Earlier this week a top Chinese envoy in the city described them as “political blackmail”.
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It’s a Pity that Ulster Bank won’t do the same for me Ah Well !!
This Saturday. 12.30 Parnell square, Dublin, marching to the meeting of the finance ministers in Dublin castle.
The spin has to stop, nothin more than a debt write down is ok!
What do you think will happen to this debt when it is written down, as you propose, Leonard?
What will happen? It will be easier to pay off, not that we should be paying it in the first place. What happens when our levels of pay get cut to lower levels such as Spain? As an example 1 million euro in Spain will buy you a lot more than it would here, now think when we start taking in less tax and our levels of income are greatly reduced how are we going to pay back these billions of euro. Angie must not of thought this whole austerity thing through, or maybe she has…
Well, aren’t they great. This is the loan we never owed in the first place.
We need drums and whistles and—I can only dream–Pipers!!
what is wrong with the troika; have they not heard the great job that the boys and girls inDail Eireann are doing ?
What an insult to mike and enda and eamonn and brendan ! If I was in government I would resign straight away over this insult to the wonderful job austerity is doing to our country;
Don’t mind them Fine Gael and Labour; Austerity works!
Ill inform my daughter ..just so can prepare herself for the bill she’ ll be paying long after I pop my clogs
My blood boils. Its starting to get to great grand children at this stage.
7 more years to pay this means they can heap more shite on us in some other form. We the people wont gain anything only lose more thats guaranteed.
You can already hear Noonan saying It will make no difference to budget 2013.
Want there something recently about another bill for 14 billion coming down the track at us? Extra cost of NAMA buying IBRC non/under performing loans or something as equally well thought through!! Extra 7 years to take on extra 14b debt perchance?
No. He will say it will make no difference to budget 2-13 as he considers himself too cool to mention the zero. Must be hip lingo at the mo for Bilderbergers.
“Good news Irlander, you vill be granted extra time to pay back the private European banking losses that ver forced on you…..”
Yes. Anglo Irish never happened. It was all a bad dream. There was no property bubble. It’s all the foreigners fault. Clown.
Still waiting for you to substantiate your 70% statistic from last night.
Good owl dildo/shaw/Vincent/Peter right on cue to spoon feed us more lies to try to justify giving away our assets.
Brian cowen may have signed our future away but fine gael continue to do so… Prom note anyone? An IOU Mickey Noonan signed into law to protect the elite and rob the normal of their private wealth…
Hasnt the IBRC deal made it our debt?
It was our debt the minute Brian Cowen signed up to the bailout.
Is that what the order of business of the past few weeks has been dildo? Just say its Brians fault anything that is thrown at us just say Brian Cowen made us do it.
Was the Prom note Brians fault?
Leave that out Ryan!!! Straight to an insult…. Reporting your last comment.. Its not necessay to be be so rude and ignorant all the time!!!
Maybe he is angry/fed up? Hmmm
Others waiting also
Ahhh heooor leave it ou!
Yes, Leonard- it was. He ruined the country and condemned us to the bailout. The promissory notes were all conditions of the bailout, put in place by the overlords Cowen & Co invited into the country. But, hey- why go with facts when you can just spout out populist, mindless rhetoric, eh?
Ryan- you still here? Thought you were leaving? Remember? You called Ireland “a kip” on your Twitter page and said you couldn’t wait to get out of here? You took it down when I pointed it out to you? Then you said you were leaving? Why have you not left? Can you not find the airport? With all your hot air, a balloon might do the job?
Get banned again Vincent/Kevin? All those twitter accounts…all those alter egos. Sad really….but troll away little man…troll away.
Dildo
Just in case you missed the latest debacle heres a brief reminder.
I noticed you stayed well away from this headline a few days ago
The Washington-based fund has said a ‘downside scenario’ where banks are unable to return to profitability and have to keep writing off more and more loans, combined with looses NAMA could make in the winding-down of IBRC, could force Ireland to offer yet another bailout for its banks.
The writing is on the wall dildo pity its taken you six months to realise it but then again your one of endas men what can one expect
I see the finiancial regulator got out of dodge fairly quick…he didnt even wait for the bonus, he knows the writing is on the wall too
and by the way hows stroke reilly hitting it off with his new bosses?
Of course he stayed well away John,
Its what he does when he his hit up with some facts
Populist, mindless rhetoric… Sounds awfully familiar… Don’t stray to far away from the bullet points Noonan laid down for ye dildo
Imagine a government so incompetent that they can’t even be trusted to run their own affairs
the prom note deal has blown up in their faces and Elderfield is heading for the hills
John- you’re the one crying about every cut & every tax. I didn’t need Washington to tell me we were in trouble. How many times have I pointed out we’re bankrupt? Does the phrase “We. Have. No. Money” ring any bells? No? Probably because you were too busy dismissing it, telling me that we shouldn’t be increasing taxes or making cuts? Throwing money we don’t have at the poor civil servants you would be. So who was in denial, Jonny boy? My point has always been that we’re making slow, steady progress- which is something the IMF also acknowledged while warning that considerable hurdles lie ahead. The IMF warning was a ringing endorsement of Government policy. But the best endorsement of all will be when we’re the first country out of the bailout by years end- no thanks to people like you and in stark contrast to your dire predictions of a second bailout.
dildo
The only thing that makes me cry is the sheer stupidity and incompetence of this government since they came to power
they are six months behind everything the writeoff/writedown, the mortgage crisis everything
that may be good enough for a lacky like you but it aint good enough for me
your government are so incompetent that we now have Troika inspectors in the government departments overseeing what your ministers are doing
i ask myself , why have ministers at all
what are their purpose now that you have let the Troika take over our country
and now were being told this prom night debacle could cost us another 16 billion and a second bailout
how many more times are these idiots going to mess up
“Dildo”. You have a cutting wit, Leonard. It matches the sophistication of your economic policy.
Just to add to what you’ve said John, keeping the banks like AIB & BoI propped up also means that ordinary citizens will pay/cover these gambling losses whether it’s public money injected straight in or thru’ profit gouging banks’ customers into the future. The macro economic effect is much the same.
There is, & was, no need for any of these losses to be met by present or future earnings of society. Indeed, the very act of collective austerity in order to do so removes spending from the economy & destroys jobs & the ability to pay.
IF the issue is/was ‘systemic’ stability in keeping these gambling dens alive*, the ECB, arguably knowing & responsible for Eurozone banking even before the crisis, as +issuer+ of the Euro (from thin air, gratis) could, & still can, be obliged to step in & finance the lot, without borrowing, or ‘cost’ to anyone. There is no ‘inflation’ implication in this. That’s already happened in inflated land/property prices – the money’s gone.
(* instead of simply declaring them bust, then reopening the doors under new ownership)
We now have mass unemployment (& still rising). The chucking of peoples’ money into a skip & torching it – preventing it being spent, increasing aggregate demand & job creation – is about the most stupid thing we could be doing. Precisely the +opposite+ of what is needed. As all worked out by Keynes when he pointed out that the +macro+ economy was not like some f&%ing grocer’s shop in Grantham. Principles that all economists except the most extreme fascist zealots accepted as macro economic reality for decades afterwards.
In the Eurozone, even the incompetent & greedy elites of the political classes have eventually worked out that stability requires a (currency issuing) Central Bank to take responsibility for, & ‘backstop’, the banking system. Non-currency issuing Governments cannot do this (well…duh!…that’s why we got Central Banks in the first f&%$ing place…). It is only when the ECB head Draghi said ‘…we’ll do what it takes…’ etc. that an imminent collapse of various Euro countries & then the currency itself was prevented (last year).
But only FOR NOW. It ain’t fixed….as all that has been agreed (if you could call it that) is some vague ‘banking union’ (read= actually having the ECB mandated as a proper Central Bank) together with another vague principle of ‘decoupling’ of (non currency issuing, remember) governments’ debt from the Pyramid schemer bankers & their mates.
Let’s just emphasise the VAGUE bit here from these incompetent, greedy, self-interested elite @ssholes….. why?
Well, whatever credibility they had that they actually +meant+ to follow thru’ with a ‘banking union’ & ‘decoupling’ has just been F&*%ed into the Med in their ‘proposals’ to fix Cyprus (another gambling Pyramid scam involving bankers, who’d of thought?). This time they decided to bypass the Government debt/paying (with taxpayers’ money), but went straight to the citizens’ direct to rob their bank accounts! Way to go! Not only are they still draining huge lumps of spending, aggregate demand, job maintaining/creating power, from the Cypriot economy, they have undermined probably 100 years of inviolable principle (deposits shall not be touched!) essential to mass confidence in a banking system….
Meanwhile…..what this ‘..extra 7 years to repay….’ cr@p is really about is an admission that, ‘Oops! we are incompetent clowns, ignorant of +macro+ & monetary economics….sorry, Portugal & Ireland’s bail outs weren’t sustainable….but…..
…..well, you all know the drill by now, don’t you?….these tw@ts, even the ones ‘elected’ (lol) don’t represent your (majority, citizens’) interests….they never have throughout this entire crisis…did they ever beyond a ‘clientilist’ circus?
….yep, it’s another kicking of the can ! The mass unemployment across the entire Eurozone will be continued, whilst the efforts to blame the victims (the jobless) will be stepped up…and we’re talking decades here, unless we citizens get some +macro+ economics cop-on.
Umm…sorry, this was going to be short comment, honest :)
thanks Mike
Great read as always
keep up the good work
its sickening reading the rubbish that dildo and his ilk spout here every day
its all spin and really bad spin at that
Dilco you are a government gimp of the highest order.
Don’t forget his new one QUENTIN Collins.
O yes and his many different names.. Is he higgens ?
Yawn.
dildo
hows the stroker getting on with his new employers
id say your morbid that your government need nannies to babysit them
No Stephen. Just Kevin shaw. Richard rogers. Paddy rogers. Peter daly. QUENTIN Collins. DILCOS
Leslie- Kevin Shaw only. But your preoccupation with pseudonyms is a fairly obvious indicator of the lack of substance or thought in any of your arguments
Dear me left out “an” from post.
spot on Shanti
but somehow he seemed more intelligent as vincent
@ Mike Hall, that is a truly eviscerating and insightful analysis. When I read comments like this, truly appreciate the real value of the Journal.ie. it paints a very sad picture but it’ s a real insight. We need to recognise reality.
That will be seven more years until I move home so.
They will tell us how great they are getting an extension to a loan that was not borrowed by us in the first place
Really? I could have sworn Fianna Fáil begged for a bailout because we couldn’t pay our bills and no one else would loan us money, no?
No Dilcos, more like a gun held to our head to take it to cover our banks bets that were serviced by other big European banks!!
Some people have the most bizarre idea of what constitutes a’deal’. Getting raped but not strangled is not a ‘deal’ nor is this hokey pokey spewed by puppet Noonan.
Oh Dilco…(losing track of your previous troll names)…your revisionism is cute but it must be sad for you to be the constant human toilet paper gathering up all the sh**e the pathological liars in the FF/FG/LAB/EU/ECB/Bundestag circus threw at us.
Your green thumbers must keep you company though, each one as deluded and content to smear themselves in the political bile as you are.
They hardly begged . Government stool is all you are.
Dermot- it’s not the green thumbs that I’m happy about. It’s the 70+ TD’s in Dáil Éireann which ensure that people considerably cleverer than you are calling the shots economically. Thank God.
Bilbo- I didn’t say it was right. I said they did it. Typical lefties. Reality has no role to play in your machinations, does it? Consumed by how it should be, rather than how it is. Pathetic
In answer to your question: No.
Ohhh Dilcos, that’s the spirit….you should have stood yourself, you posses the necessary attributes for a TD – delusional, gullible and totally unprepared to offer rational response.
How do you know that God is listening to Fine Gael or Labour Dilcos ; from what I learnt God has compassion !
What happens the interest on the loans?
It will be interesting.
It is unaffordable even if we get the 7 year extension.
The Central Bank of Ireland grossly failed in the performance of is role as prudential supervisor of the banks, the auditing profession turned a blind eye to the reckless over lending by the banks, the developers milked the massive bubble of property values, the FF led governments failed to restrain what was happening but from Ballybrit urged on the madness and the EU failed to curb what was happening with stupidly cheap money and only issued a few gentle advisories. The euro unleashed this harm. The euro is Pandora’s box and created an economy heavily dependent on credit, a house of cards, with the banks standing like a colossus over us all.
Europe created the means of this crisis through cheap and plentiful euros and the responsible parties in Ireland encouraged the madness.
It is facile to blame only Ireland. Yes, our institutions deserve a large part of the blame but it is the euro which is the cause of the later immediate causes.
The reality is that 7 years will not make the cost of the bail out even remotely affordable.
Games is over, sadly.
How’s Ms Perversity, Peter?
Is that all you do Dildo? Creep peoples twitter pages to try slander them?
If he likes porn so what. I do. Do you not.
Leanord
Its dildos christian brother upbringing
he still thinks sex is dirty
Dilcos ; Ball not man !
unfortunately dermot thats the only game he knows!
I know john, if I was in the government press office I’d be ripping with this guy , the moderate and fair thinking people of Ireland are bound to be turned off by his somewhat myopic posts, so in a way he’s doing more damage to those he thinks he’s preaching to ; that makes me smile !
ah dermot
you have let the cat out of the bag
hahaha
@ Dildo, why so formal. She is your mother and she is perfectly fine but worried about her genetic legacy for some reason.
Your approach to debate is interesting and shows an inability to focus on issues. .
genetic legacy !!!!!!!!!!!!!!!! the subtle knife!!………… Pullman must have seen you in the future Peter !
I recommend giving the troika a kick in the nuts, esp the ECB.
7 more years of added interest to push up the final bill. Great.
Not our Debt!!!! Nor our children or gran children’s!!!
Funny. Because there’s a bailout loan application firm with Brian Cowens signature on it…
Form
Cowens signature? Must be FF debt’s so. Pass the bill onto them.
Shut up
Well I didn’t vote for them.
so why doesn’t Kenny open a banking inquiry , and sock it to Cowen and co ?
wouldn’t be anything to do with the fact FG members (past and present also have something to hide),
nail on the head sean
and what about the lowry tapes
two cheeks of the same arse!
they are all knee deep in it ….hence the reason they are all sticking together ,
the system is ROTTEN TO THE CORE
Sean- there’s a banking enquiry coming. It’s its remit that needs to be watched.
i doubt kevin there will ever be an inquiry (definitely not in the lifetime of the current nor next government ),
i admire your optimism, but I don’t share it
sean thats not optimism
thats just government spin
there all strokers!
Back to the markets, troika out end of year, banking enquiry…..all fortune telling, nothing more than pie in the sky spin to keep the plebs at ease.
More really good progress. Another step towards waving goodbye to the Troika by years end. Further evidence that the Government is fighting hard for us in Europe & gaining valuable concessions. None of this will be recognised by the usual suspects on here. But then its hard to recognise such things when you’re consumed by bias and fuelled by a “woe is me” narrative that craves bad news stories and a desire to see the country on its knees.
Angela ? Is that you ??
Nein
No,it’s endas only fan and self confessed hack kevin/vincent etc..
Morning kev.
Morning Mike.
They were always going to give us this extension, they had to. It is not possible the pay it all back in the time frame “agreed” there will be more of these statements Over the the coming years for the rest of the piglets.
Lots if tough talk about green shoots and repaying loans, behind closed doors its different. Pigs begging for relief and the troika realising they don’t have a choice.
And I thought today was Thursday, nightmare.
A proposal is not “progress” is not an extra 7 years an extension of troika’s powers in Ireland and little else.
What planet do you live on?? Poor governance, no regulation and the highest paid government in Europe.
Still.. Screw our own people so we can look good to Europe.. We are being shafted left, right and centre. Selling off anything of value we have..
Give up with your FG bullshit talk. Party politics does not work in Ireland. Greed does.
Hugh- so typical of Government critics on here. Happy to blame everyone and list the problems. Yet curious absence of any realistic solutions. You’re like white noise.
and your like a broken record dildo
bailout no 2 on the way
@dildo
hows stroke reilly getting on with his new employers
I can put forward a long term soloution but it would involve kenny,noonan,cowen and ahern
Some hard to find genatalia and a rusty chisel.
You know I’ve got to agree with you. Heard Michael Noonan on the wireless yesterday basically saying the troika were to decide when the water charges would come in. Certainly seems like it’s not Kenny or Noonan who will decide when we start paying to wash ourselves …..
Dildo…look in the mirror. You constantly blame the previous bunch of traitors. Hypocrisy much?
Read Mike Halls post. That’s fact. You are a shill.
@Dilco
I did list the problems.
FG, FF, SF, and the political system.
IT DOES NOT WORK.. Have a look at the shite we’re in.. These parties are all to blame. No strength or true beliefs.
Line their pockets and sort their pensions then check out..
New ideas are needed and a new system of governance. A republic for less than 100 years and we are broke, in austerity and begging for money to keep the country going..
Tell me Dilco, how the current system and politicians can explain all this.
No blame, no spin, no bullshit.
Hugh- no spin. Democracy is imperfect. We voted in an inept Government consistently and have paid the price with the last FF Government. What I don’t have is a realistic alternative that binds the right of everyone to have a say in who runs the country and the need for those people to be competent. We have to trust that we will learn by our mistakes and vote better going forward. Though when I hear people on here insisting Ireland didn’t put a step wrong throughout the Celtic Tiger I do fear we have learnt nothing.
Dilco…. How can we learn from our mistakes and vote someone else in when the “system” does not work.
By voting someone else in only hands over a burning baton.
Complete change of system is needed.
Personally I enjoyed my time during the Celtic Tiger years. I am now paying back a mortgage which was maybe to much for me to handle but that’s my responsibility. I accept that and I will pay what I owe.
But what I will not accept is other people’s debt. This Government had a chance to burn bondholders,which they said they would do and they didn’t. They have landed BILLIONS of other peoples debt and speculation on ordinary citizens who are not able to pay it. Our so called regulators at the time were asleep on the job. Then gets a golden handshake…
MADNESS. Jail he should have got.
Ahh yes a change of governance and system by voting an inept government… Answer me this dildo, why are fg continuing with the failed/inept practices of ff? Hmmmm
Same game, different name. Tick tock…
Well put Hugh
Shut up Dilcos you troll, the foundation of all your arguments is built on fallacy and failure.
Your own beloved clowns in FG… the totally inept and treacherous blueshirt a**holes…even understood before the election that this debt wasn’t ours, they made all the noises, “an outrage…rabble rabble rabble…”
Soon as they successfully hoodwinked the electorate the debt suddenly was ours, they blew the false mandate they stood on through cowardice and have done nothing of note only firmly establish themselves as the cowardly servile dogs they are…you haven’t a clue, it’s why you hide behind a troll account, you don’t have the balls to comment openly.
Good day to you troll.
I bet dildo has ginger hair and a secret love affair for Nokia phones.
Poor dildo, he’s insecure about commenting publicly, maybe he’s got a really stupid real name like Andy Capp, Hugh Janus, Phil MacCracken or Bill Board.
@ Dildo, yes, Fine Gael and Labour are inept and consistently so with previous governments. I though that you were a blue shirt fascist, FG right or wrong.
So correct me if I’m wrong, the bottom line is they want to make slow love to us, instead of f**king us really hard?
“it’s like a rapist paying for his victims yoga lessons”
Man utd are 750/1 to win the English Premiership, could we not put all our tax revenue on them and see what happens
You obviously follow gambling closely!! 7 more years to pay bankers gambling debts…you gotta love the Troika. Proud to be a European now.
1/750 more like
Where are you getting 750/1? Are ye mad?
1/750, an understandable mistake, God you’re a tough lot
All hail the”deal”…..
We’ve turned a corner
And we are passing by the same place again.
We’re on a flocking roundabout…
but not a fun one like this…
The debt slavery continues. Long live the European Union.
A new tax on the way to pay for all the extra interest….
Oh that’s nice, isn’t it? Because Ireland has suffered so much over the centuries they need a little break and some indulgence. Poor things.
Care to elaborate on that?
No not really.
Not really?
That’s fine, try stay away from such glib sanctimonious comments if you can’t or won’t explain… internet anonymity shouldn’t protect you from explaining yourself…or does it?
Sure then, I’ll leave being sanctimonious to yourself then.
lame.
If you couldn’t pick up on what I was driving at in my initial comment then yes, you are.
I know what you’re driving at and I know what the underlying tone of the comment is hence I asked would you care to elaborate, the “poor things” finale was a dead gave away..
If you know what I’m driving at then you need no elaboration. Lame to request that which you don’t need.
But you’ve wasted enough of my time with your frivolous requests and I have better things to be doing.
Adieu.
OK…but remember, no point patronizing if you can’t offer up a valid defence of such comments.
Cheerio.
Noonan looks like he’s making a crude gesture towards the press in that pic…
Veru nice of trokia to give us extra time to pay debt we dont own. Such nice people. Jeez .
I suggest you check the following video out . It gives you an idea as to why the bondholders (unsecured
btw) had to be paid. It all makes so much more sense now. I’m sleeping better at night knowing that these guys are being paid every last cent while here the government are readying their Revenue footsoldiers to go after the young, the old, the sick and the dying and even the dead for the forthcoming Property Tax.
http://www.youtube.com/watch?feature=player_embedded&v=myvyGl6yo64
Thanks for the link this should be mandatory viewing for all Irish people today.
This will give us some breathing space. It could help take the edge off future budgets. Yes, more interest in the longterm. But time to breath now…
It may give us breathing space but the game is up. We have followed the troikas system to little avail. The penny has dropped & they know what we have known a long time. We cant pay & thats the end of it. Plan b please & with substancial debt write down. If not, lots of suffering & more bail outs.
YAY – more years so we can pay them more in interest!
What joy!!!
The troika can see that we don’t have a pot to piss into or a window to throw it out , let alone pay somebody else’s debts
what about banks,, they still have not been bailed out,, they lied on their paper work, and our banks can still go down,, will they do a Cyprus trick ,, wish they would start telling the truth,, wish someone would go in and see the real damage that’s to come,, our government keep making it sound as if we are on the way of trouble while we have only bailed out the German banks on their bad investments in Ireland,, and getting paid back with interest, as i said from day one we should never have paid back, i see Iceland doing well again, Brazil flying and we are getting deeper into debt with interest and banks that are not even close to being solvent,,, reports on aib would be welcome,, as it seems to be getting deeper ,, and as they say they are going to help people with mortgages,, they cant afford to,, and know they will be taking homes back its the only way,, what are our government going to do,, pay for housing for all these people who are going to be homeless,, even if banks take houses sell them for half what they are worth, the home owner has to pay back difference and wont be able to pay rent,, we are so spinning a horrible web for our country,, and they keep saying all is going well, while we have not even started austerity in real,, i know they are going to take money from peoples moneys in bank or new charges or taxes,, when will the truth come out
check out this interview with Reggiemiddleton regarding AIB
http://www.youtube.com/watch?v=-QuQ1KAoQfc&feature=youtu.be
from 12.48mins onwards
7 more years to extract our wealth and national assets. These loans are never to be paid back. It is the debt trap. Politicians are incapable of paying back loans and balancing budgets, especially in this country.
What level of write-down is the only deal worth talking about. Only a 32Billion backhander will heal some of the pain Ireland is feeling in its Ass right now. Where’s Kim Jon Kenny when you need him?
I think they should liquidate AIB tomorrow morning and move the good loans to BOI. Why pump more good money into AIB? Rebrand the Branches of AIB to BOI and reemploy the staff.
check out this link I came across ,
http://www.youtube.com/watch?v=-QuQ1KAoQfc&feature=youtu.be
from 12.48mins on , its very interesting ….but a bit scary
@ Frank, unfortunately you are right. Well said.
7 more years to repay loan with OUR WAGES.DISGRACE.
Ah… they re awfully nice thinking about us like that. … it goes to show that they had our best interests at heart all along
Can anybody tell me how this impacts Credit Default Swaps. Have people bet that we would default? Who would pay out if it is classed as a partial default?
And if we can’t pay, we will get another 7 years…….
But we will pay in the end
have your say