Very worrying stop press news re Anglo Irish

Gwhiz

Mikeyorks wrote: »

Really pleased we've moved away from all the despondency re Anglo Irish.

It was getting quite unsettling for those of us with money deposited there. And melbury must be breathing a total sigh of relief.

Oh you are so right

castle96

Hear Hear !! Stop

joemardo1

Mikeyorks wrote: »

Really pleased we've moved away from all the despondency re Anglo Irish.

It was getting quite unsettling for those of us with money deposited there. And melbury must be breathing a total sigh of relief.

Or else shes back on the cigerettes again...:))

Mikeyorks

joemardo1 wrote: »

Or else shes back on the cigerettes again...:))

That will be two of us then. My 7% will either go up in smoke ..... or down into the Irish sea!

bjorn_again

This thread has become sad, like S A D. If anyone is really worried about Anglo Irish they should get out, cut their losses and run, not sit here waiting for someone to come along and tell them "everything is going to be ok, don't worry". Look at the number of people on here that had money in Iceland. Not one person contributing to this forum has the slightest idea of what is going to happen with Anglo Irish so if you are looking for sound advice re AI you are in the wrong place.

cepheus

Ireland in crisis as global credit rating cut


....The ratings agency Standard & Poor's is particularly concerned by the appalling state of the Irish banking system. At least two of its major banks are being investigated over fraud allegations and the others are having to be propped up by the government.
S&P also made the downgrade on the basis of Ireland's huge debt burden, which stood at 280% of national output at the end of 2008....

http://www.thisismoney.co.uk/news/article.html?in_article_id=481333&in_page_id=2

Mikeyorks

That's the bad bit. Why not also quote the balancing element further down? :-

Ireland's government said it was committed to restoring order to its public finances after the S&P decision. 'The government is committed to restoring order to the public finances by bringing the deficit below the three percent limit by 2013,' the finance ministry said in a statement. The government said it would set out a medium-term strategy for its finances in next week's mini-budget, which is designed to keep this year's budget deficit at 9.5% of GDP, already the highest in the euro zone.

.......... salient I think?

baby_boomer

Good point. We'll have to wait until after the next UK general election for our strategy .

The Irish are retrenching fast and it's not just talk.

Mikeyorks

baby_boomer wrote: »

The Irish are retrenching fast.

They have the greater experience ..... more shovels than we have over here!

SouthCoast

Speaking today, Ryanair’s Michael O’Leary said:

“At a time of deep recession in the Irish economy, the stupidity of this Government in trying to tax tourists is extraordinary. The Belgian and Dutch Governments have already realised that taxing tourists kills traffic and it is not too late for the Irish Government to recognise that this travel tax is a stupid mistake and scrap it. If this Government wants to save €125m per annum, then they should cancel the Dublin Airport Metro, which costs over €5 billion and will save them more than €250m p.a., or double the travel tax.

“The Irish tourism industry is an enormous employer and it responds rapidly to growth or decline. Traffic and tourism will continue to collapse in Ireland this year under the weight of this stupid and self-defeating tourist tax and the high costs imposed on air passengers by the high cost, inefficient, Government owned DAA monopoly.

“Finally, there is no place in this recession for Ireland’s airports being shut down by a bunch of headbangers in the public sector unions at the DAA airports. These people face no threat to their employment and are not facing pay cuts either. If this unjustified strike goes ahead on Thursday, then the Government should impose either a pay cut of 12% on all DAA’s employees (or job cuts of 12%) to reflect the 12% decline in traffic, which the DAA will suffer this year. If these loonies intend to hold Irish tourism and the Irish economy to ransom, then the Government should respond in similar measure by cutting their pay or making 12% of these people redundant”.

http://www.ryanair.com/site/EN/news.php?yr=09&month=mar&story=gen-en-300309