Quote from: muppet on June 14, 2010, 01:23:42 PMQuote from: seafoid on June 14, 2010, 09:40:28 AM
I saw a graph in the FT showing the exposure of European banks to Irish debt. France , German and Dutch banks have exposure in excess of €200bn each.
http://www.ft.com/cms/s/3/31794cd6-7536-11df-a7e2-00144feabdc0.html
The Irish times has a great article by Paul Krugman on the dangers of deviating from Keynesian stimulus.. except that Ireland is doing to exact opposite of what he recommends..
Obvious then why the EU approved all of our guarantee/bailout/NAMA schemes especially as the tab will be picked up ultimately by the Irish taxpayer, rather than those banks.
Yeah. It is shameful. The taxpayer takes it on the chin. I thought the government had great negotiators with experience going back to 1973 and joining the EEC. The banks walked all over them.