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Author Topic: Irish credit rating cut to junk status by Moody's  (Read 2158 times)
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Miss Waynfleet

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« on: July 13, 2011, 04:59:55 PM »

IMO Europe needs his own agencies. It can´t be that Irealnd has such a bad reputation now, although it had economic growth  Snare

http://www.irishtimes.com...1/0713/1224300653957.html

http://www.belfasttelegra...-of-ireland-16022770.html

http://www.herald.ie/nati...uced-to-junk-2820456.html
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CD.

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« Reply #1 on: July 14, 2011, 11:45:40 AM »

The banking cartel are aiming for Ireland, Spain, Italy(Greece already in their sights) UK and finally USA.
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tigerben
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« Reply #2 on: July 14, 2011, 12:07:39 PM »

The way Ireland does it's growth figures mask the real situation. It includes the multi nationals business in it but there profit is then taken out so when the mention the GNP it looks like there is growth, but minus the profit been moved to America and going on the GDP figures growth fell again in Ireland. Prices in state run businesses are alway on the up while the government are tell retailers to lower the price, welfare costs are too high, public workers paid too much, doctors, judges, quangos you name it paid way above the norms of the EU, a ambulance driver here gets paid the same as a qualify doctor in Germany. A family with three children are nearly as well off as a family that works, so imbalance is starting to become a issue.
The biggest mistake ever was After Lehman bank failing was that the grand masters in Europe said that no bank in Europe must collapse, the putting on tax payees backs private debt and turning it into sovereign debt was a total mistake. The refusal to print more money was also not the correct plan either, America and England silently devalued their debts by doing this , and this would have helped the crisis in the EU. If the Irish government printed bonds and sold them for 100 euro a pop, I wouldn't touch them, the EU is buying up the bonds trying to reassure the markets that the bonds are saleable but this is exactly what they did before Greek ,Irish and portugal bonds, and look where that has led us. At this stage I would welcome the euro collapsing , it has tried to create a empire and like most empires it can't last, too many non elected people, the liberal HCoHR giving out ridiculous judgements and anti emigration feeling, along with counties needing to be bailed out by other country's just to safe guard the lathers own banks follies is creating a prefect storm ending.
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Odette

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« Reply #3 on: July 14, 2011, 12:44:36 PM »

Well said Tiger  Star  The world's economy is at a precarious tipping point, with dire consequences for all.  Secret  Collapsing the various monetary systems smells like the handiwork of those few who operate beyond the law.  Ranting
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tigerben
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« Reply #4 on: July 14, 2011, 01:23:17 PM »

ah thanks Odette  Star, the rich just keep getting richer, those on welfare stay the same and the working/middle-class pay for everything !
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tatty

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« Reply #5 on: July 26, 2011, 10:14:02 AM »

IMO Europe needs his own agencies. It canīt be that Irealnd has such a bad reputation now, although it had economic growth  Snare

http://www.irishtimes.com...1/0713/1224300653957.html

http://www.belfasttelegra...-of-ireland-16022770.html

http://www.herald.ie/nati...uced-to-junk-2820456.html

almost the entire irish banking sector collapsed, i'm not surprised they were downgraded

prices in dublin were astronomically high, given that it's only a minor capital city it's no surprise that things have rapidly changed, when an economy is based on a boom and bust system then eventually it has to bust
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Curtains

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« Reply #6 on: July 27, 2011, 03:32:53 PM »

Vanity Fair did an outstanding article about the Irish real estate bubble collapse and the ripple effect into the banking industry.  It was incredibly well-researched and documented.  Having read it and other publications which are more strictly financial, I'm not at all surprised at the downgrade, only that it did not happen in the prior quarter.
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