Advertisement
This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
OK
Dublin: 11 °C Saturday 17 November, 2018

Comment #571416 by LEDbulbs.ie

LEDbulbs.ie Aug 26th 2012, 11:34 AM #

It’s a secret document, it wont get published but it might get “leaked” after a suitably long grace period.
Anyway, we had to be bailed out – we continue to spend far more than we take in so the situation was untenable.
I’d like to see the correspondence surrounding the dictat to the late Brian Lenihan surrounding the whole “No European bank shall be allowed to fail” debacle. Was there any coercion from the ECB prior to the blanket guarantee?
Fat chance of that happening anytime soon though…

| Share | Report this comment

Read the article where this comment appeared:

Will Noonan publish the ECB letter that forced Ireland into a bailout?

Will Noonan publish the ECB letter that forced Ireland into a bailout?

Fianna Fáil has called on Michael Noonan to publish Jean-Claude Trichet’s letter himself, after the minister said it should be released.

REPLIES

    Favourite Ed Kavanagh
    Hide Comment
    Report as Defamatory
    Report this Comment
    Aug 26th 2012, 12:48 PM

    Sorry but must correct you there. The bailout was for paying bankers gambling debts and for balancing general deficit. Can’t let you peddle that lie.

    33
    Favourite LEDbulbs.ie
    Hide Comment
    Report as Defamatory
    Report this Comment
    Aug 26th 2012, 3:59 PM

    Kindly clarify what you allege I am lying about.

    I said that we continue to spend more than we take in i.e we operate at a deficit.

    You acknowledge that the bailout was required to cover the “…General Deficit”.

    They’re the same thing so what’s the problem?

    1
    Favourite Ed Kavanagh
    Hide Comment
    Report as Defamatory
    Report this Comment
    Aug 26th 2012, 4:05 PM

    Just suspicious of your intentional neglect to acknowledge the source of the debt that required a bailout. The deficit is a symptom of the cancer of debt they riddled us with. You are either intentionally misleading people or unknowingly misinformed.

    5
    Favourite LEDbulbs.ie
    Hide Comment
    Report as Defamatory
    Report this Comment
    Aug 26th 2012, 4:13 PM

    I see, so you simply decided to call me a liar based on your paranoia?

    Are you as quick to apologise as you are to accuse?

    3
    Favourite Ed Kavanagh
    Hide Comment
    Report as Defamatory
    Report this Comment
    Aug 26th 2012, 4:23 PM

    Your statement was incorrect or at least for the most part misleading. If it is because of you not understanding the reason for a bailout then I apologize. The bailout was for the bankers and now we are left with the tab.

    7