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Comment #3588840 by Emily Elephant

Emily Elephant Mar 22nd 2015, 9:03 PM #

Anyone else slightly worried that only 2/166 TDs think that Irish debt is a good investment?

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Read the article where this comment appeared:

Full disclosure: Everything your TDs own and where they put their money

Full disclosure: Everything your TDs own and where they put their money

It turns out Labour and Sinn Féin don’t have much…

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    Favourite Rory J Leonard
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    Mar 23rd 2015, 7:28 AM

    Excellent point Emily!

    Well spotted!

    It’s somewhat similar to a situation whereby the members of a Board of Directors don’t own any shares in their employer’s plc company. Not exactly confidence-inspiring to those investors considering an investment in Irish Government Bonds!

    It may be worth DOF’s time to examine the possibility of paying all future salary increases, to Public Sector workers earning in excess of say €75k per annum, in Government Bonds, with a lock-in period of maybe 10 years.

    All Oireachtas members and senior management in all public bodies in Ireland should already be receiving 10% of their salaries in this way to demonstrate patriotism, loyalty, and confidence in their employer.

    Perhaps Mr. Noonan could suggest this proposal to his EU colleagues as a small but positive means of narrowing budget deficits throughout the eurozone.

    When one is on the hind teat of the state it’s the least that could be done to keep that cash-cow milking well into the future!

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    Favourite johngahan
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    Mar 23rd 2015, 8:15 AM

    Investment grade bonds are only going one way, and that’s down. Not an attractive investment longterm.

    Besides no politician wants to be called a ‘bondholder’ – the tin hats would have a field day.

    7

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