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

[bigtogs]

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.

At least he did not clean her out!!!!!!!!!!!!!!
Hanging too good for the men that did!!!!!!! Bertie rekons he won his money on the horses!!!!!!

[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.

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

Have you any proof of that. The last I heard was that his tax avoidance affairs were holed up in Holland.

[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.

At least he did not clean her out!!!!!!!!!!!!!!
Hanging too good for the men that did!!!!!!! Bertie rekons he won his money on the horses!!!!!!

Bertie has been very quiet this last few months. You don't suppose he has bought an island near Kerry?

[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.

Have you any proof of that. The last I heard was that his tax avoidance affairs were holed up in Holland.

That would be the gombeen version of the facts. You are the one making serious allegation, you provide the proof.

What you may be talking about it that U2 and many others pay tax on money earned outside the state, in Holland. But don't worry about facts.

[bigtogs]

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.

At least he did not clean her out!!!!!!!!!!!!!!
Hanging too good for the men that did!!!!!!! Bertie rekons he won his money on the horses!!!!!!

Bertie has been very quiet this last few months. You don't suppose he has bought an island near Kerry?

He cant remember

[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.

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

Have you any proof of that. The last I heard was that his tax avoidance affairs were holed up in Holland.

That would be the gombeen version of the facts. You are the one making serious allegation, you provide the proof.

What you may be talking about it that U2 and many others pay tax on money earned outside the state, in Holland. But don't worry about facts.

http://www.makebonopaytax.com/index.php?page=26

[bigtogs]

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.

Have you any proof of that. The last I heard was that his tax avoidance affairs were holed up in Holland.

That would be the gombeen version of the facts. You are the one making serious allegation, you provide the proof.

What you may be talking about it that U2 and many others pay tax on money earned outside the state, in Holland. But don't worry about facts.

Fact is country is in very bad shape!!

[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.

Have you any proof of that. The last I heard was that his tax avoidance affairs were holed up in Holland.

That would be the gombeen version of the facts. You are the one making serious allegation, you provide the proof.

What you may be talking about it that U2 and many others pay tax on money earned outside the state, in Holland. But don't worry about facts.

http://www.makebonopaytax.com/index.php?page=26

This might be hard to get past your prejudice.

Bono pays tax in Ireland on his earnings in Ireland just like me and you.

[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.

At least he did not clean her out!!!!!!!!!!!!!!
Hanging too good for the men that did!!!!!!! Bertie rekons he won his money on the horses!!!!!!

Bertie has been very quiet this last few months. You don't suppose he has bought an island near Kerry?

He cant remember

Ah!  He's got Gerry Adams syndrome. 

[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.

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

Have you any proof of that. The last I heard was that his tax avoidance affairs were holed up in Holland.

That would be the gombeen version of the facts. You are the one making serious allegation, you provide the proof.

What you may be talking about it that U2 and many others pay tax on money earned outside the state, in Holland. But don't worry about facts.

http://www.makebonopaytax.com/index.php?page=26

This might be hard to get past your prejudice.

Bono pays tax in Ireland on his earnings in Ireland just like me and you.

Not prejudice.  Just envy.

[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.

Have you any proof of that. The last I heard was that his tax avoidance affairs were holed up in Holland.

That would be the gombeen version of the facts. You are the one making serious allegation, you provide the proof.

What you may be talking about it that U2 and many others pay tax on money earned outside the state, in Holland. But don't worry about facts.

http://www.makebonopaytax.com/index.php?page=26

This might be hard to get past your prejudice.

Bono pays tax in Ireland on his earnings in Ireland just like me and you.

Not prejudice.  Just envy.

If you want people like Bono to pay tax on all his earnings in Ireland you will bankrupt the state (again) as you will risk forcing the MNCs to do the same in their countries.

[spanner]

I see the politicking and canvassing has begun for the by election in South Donegal.
Lenihan is now saying that it is NOT a bail-out or a Rescue Fund.
It is "External Assistance".

[muppet]

Lads, hypothetically speaking, what would happen if the very worst came to the very worst and the country goes down a similar road to Iceland? Anyone read anything on the impacts on their country since their collapse?

Iceland aren't in the Euro so it is hard to know. We would devalue our currency now as we did in 1992 except we cant as we are in the Euro. If we left the Euro we would be Iceland so I dont see that happening.

There are dangerous storm clouds gathering though.

We started with a credit crunch and it caused a property market collapse, which continues. The banks are still struggling with access to credit and liquidity. All the time the bricks and mortar which the loans they gave out were secured against falls in worth bringing on the spectre of negative equity.

Possible things to happen next:

* The Goverment could go ahead as it is hinting and reduce public pay while at the same time increasing taxes. That will put an end to any chance of the property market bottoming out as many new people wont be able to afford their mortgages.
* There will be strikes all over the place and more businesses will close. Then we may even see street protests.
* I dont see how the government can last for long if any of that happens so expect an election or two.
* If all that happens we may need the IMF at which point I would probably emigrate.

Anyone else see a light at the end of this tunnel?

Nearly two years old. Amazingly very few strikes and incredibly no elections, but the IMF worst case scenario has happened. We still haven't been told exactly how bad the banks are that it triggered an IMF bailout.

[thejuice]

[whiskeysteve]

where does this end? Portguese 10 yr bonds have broke 7% in recent times though stabilised for the moment. From reading a few economic blogs it seems it is only a matter of them before they require bailout.

Then lies Spain with 20% unemployment and more pertinently 1 trillion euro of debt.

If Spain goes there is simply not enough money in the IMF/EU fund. And thats before you consider Italy...

How would Ireland be funded if the bigger countries go under?? Am i missing something??