The Big Bailout of the Eurozone (Another crisis coming? - Seriously)

[pintsofguinness]

So can someone put it in point to point format of what the deal is?

[muppet]

We are getting an I don't know amount of money ('10s of Billions' - a trillion is tens of Billion too).
We will pay it back over an I don't know period of time.
We will pay an I don't know rate of interest.
The banks will be restructured into I don't know entities.
They may have been all nationalised but of course I don't know after listening to that waffle.

[pintsofguinness]

We are getting an I don't know amount of money ('10s of Billions' - a trillion is tens of Billion too).
We will pay it back over an I don't know period of time.
We will pay an I don't know rate of interest.
The banks will be restructured into I don't know entities.
They may have been all nationalised but of course I don't know after listening to that waffle.

Sounds great 

[Cde]

the Greek prime minister, when announcing the Greek bailout made more sense than Cowan  and he was speaking Greek

[muppet]

Seen on Facebook:

Sir Bob Geldof has just Confirmed that a fundraising concert for Ireland will be held in Ethiopia at Christmas.

[orangeman]

Seen on Facebook:

Sir Bob Geldof has just Confirmed that a fundraising concert for Ireland will be held in Ethiopia at Christmas.

class

[bcarrier]

Muppet you need a new title ...

Isnt the gist of it - Anglo bail out = 40BN already provided. AIB/BOI/ Others has not been  adequately  provided for but say twice anglo =80bn -10bn already provided =70bn. It is actually a bailout for bank bondholders . The anglo ones were:

Aberdeen Asset Managers (London) Ltd.
AGICAM
Aktia Asset Management Oy Ab
Aletti Gestielle SGR S.p.A.
AllianceBernstein (UK) Limited
Allianz Global Invetsors France SA
AmpegaGerling Investment GmbH
Anima SGR S.p.A
Arca SGR S.p.A.
Assenagon Asset Management SA
Aviso Zeta Bank AG
Aviva Investors France SA
Aviva Investors Global Services Limited
AXA Investment Manasgers Paris

Baloise Asset Management Schweiz AG
Banca Finnat Euramerica SA
Bank Sarasin & Cie AG (Basel)
Bankinter Gestión de Activis, SAS, SGIIIc
BanSabadell Inversión, SA, SGIIC
Barclays Wealth Managers France BWMF
BBVA Asset Management, SA, SGIIC
BlueBay Asset Management Limited
BNP Paribas Asset Management SGR SpA
BPI Gestao de Activos - SGFIM, SA
Brown, Shipley & co Limited

Caixa Catalunya Gestio, SA, SGIIC
Carige Asset Management SGR SpA
CNP Assurances (Caisse Nationale de Prévoyance)
Crédit Suisse Asset Mansagement (CSAM) (Zurich)

Deka Investment GmbH
Delbruck Bethmann Maffei AG
Deutche Asset Management Investmentgesellschaft mbH (DeAM)
DWS Investment GmbH

EFG Bank (Luxembourg) SA
ERSTE-SPARINVEST KapitalLanlagegeselschaft m.b.H.
Esca SA
Ethna Capital Partners SA
European Credit Management Limited (ECM)

Fédéral Finance Gestion
Frankfurt - Trust Invetsment - Gesellschaft mbH

Goldman Sachs Asset Management International (GSAMI)

Halbis Capital Management (France)
HSBC Private Wealth Managers
HYPO-Kapitalanlage-Gesellschaft mBH

ING Investment Managment (Netherlands)
Invercaixa Gestión, SGIIC, SAU
IQAM GmbH

KBC Asset Management NV (Belguim)
KEPLER-FONDS Kapitalanlagegesellschaft m.b.H

La Banque Postale Asset Management
LBBW Asset Management GmbH
Lombard Odier Darier Hentsch (UK) Ltd.

Millenium BCP - Gestao de Fundos de Investments - SGFI, SA
Montepio Gestao de activos - SGFI, SA

Neufúze OBC Investissement
NORD/LB kapitalariagegesellschaft AG
Nordea Investment Managment A/S (Denmark)
Nordea Investment Managment AB (Finland)
Nordea Investment Managment AB Norge (Oslo)

Old mutual asset Managers (UK) Ltd
OPERA - kwiatkowski i Wspolnicy Spoika Komandytowo-Akcyjna

Pioneer Investment Management (Ireland) Ltd
Pioneer Investments Kapitalanlagegegesellschaft mbH (Munich)
Pioneer Investments Austria GmbH
Pohjoia Asset Management Limited
Portfolio Invets Aniageberatung GmbH

Raiffeisen Kapitalanlage-Gesellschaft m.b.H.
Rothschild & Compagnie Gestion
Royal London Asset Managment Ltd

SEB Asset Managment AG
SGSS KAG mbH
SNS Asset Managment N.V.
Société Générale Gestion

Union Investment Institutional GmbH
Union Investment Privatfonds GmbH
Universal-Investment-Gesellschaft mbH

VPV Bankiers NV

W&W asset Management GmbH
WGZ BANK Luxemboung SA

[Maguire01]

On BBC News now (BBC1) - protester on way to hospital after being hit by Ministerial car!

[INDIANA]

any banking experts able to decipher what this funding for banks actually means
which banks will be left at the end of this

[muppet]

Reuters saying €80 - €90 Billion. Interest alone on that would be €4 - 5 Billion p/a.

How exactly are we supposed to pay it back running a deficit?

[seafoid]

If the ECB stops providing liquidity the banks won't be long burning their way through E100bn
given they have already racked up E120bn since they can't get anyone to buy their bonds.

I think the biggest question is fairness - if the banks are restructured how much will the bondholders chip in ?

[seafoid]

Reuters saying €80 - €90 Billion. Interest alone on that would be €4 - 5 Billion p/a.

How exactly are we supposed to pay it back running a deficit?

Muppet

A big chunk of the money is what the Government would have borrowed anawez over the next 3 years if those pesky bond markets hadn't closed themselves off . So the issue relates to how much the banks draw down and that depends on the ECB stance on liquidity.  If someone walks into AIB and wants his 5bn deposit back AIB have to get the money from the ECB. And if the ECB says enough is enough it's a new ball game.

[muppet]

Reuters saying €80 - €90 Billion. Interest alone on that would be €4 - 5 Billion p/a.

How exactly are we supposed to pay it back running a deficit?

Muppet

A big chunk of the money is what the Government would have borrowed anawez over the next 3 years if those pesky bond markets hadn't closed themselves off . So the issue relates to how much the banks draw down and that depends on the ECB stance on liquidity.  If someone walks into AIB and wants his 5bn deposit back AIB have to get the money from the ECB. And if the ECB says enough is enough it's a new ball game.

I thought that is what has just happened?

[spanner]

Seen on Facebook:

Sir Bob Geldof has just Confirmed that a fundraising concert for Ireland will be held in Ethiopia at Christmas.

And what about Bono?
No chance of him starting to pay tax in Ireland again and help his fellow Irish out?
Nah.  Didn't think so.

[muppet]

Seen on Facebook:

Sir Bob Geldof has just Confirmed that a fundraising concert for Ireland will be held in Ethiopia at Christmas.

And what about Bono?
No chance of him starting to pay tax in Ireland again and help his fellow Irish out?
Nah.  Didn't think so.

He does pay tax in Ireland. A hell of a lot more than you do.