Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
A unlimited deposit insurance is still a bridge to far. But how helps the fact that the irish government was even madder us now?

The plan outlined in the post above discriminates between foreign and domestic creditors. Do you support that?

by IM on Fri Feb 4th, 2011 at 05:44:15 PM EST
[ Parent ]
No, actually, I don't think that's sensible. It's also contrary to core EU principles and would be challenged it the European Court of Law.

However, as an initial threat in order to bargain down to a sensible position it might make sense.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman

by Migeru (migeru at eurotrib dot com) on Fri Feb 4th, 2011 at 06:01:49 PM EST
[ Parent ]
Distinguishing between foreign and domestic creditors does make sense: Foreign creditors have a second safety net in their own government; Irish creditors have no such thing. And as a practical matter, Frankfurt and Bruxelles are going to be a lot more sensitive to British, German and French creditors than to domestic Irish creditors.

If the powers that be do not want German taxpayers to bail out Greek sovereign bonds, then there is no reason for Irish taxpayers to bail out German pension funds.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Feb 5th, 2011 at 02:09:57 AM EST
[ Parent ]

News and Views

 14 - 22 Oct 2017

by Bjinse - Oct 14, 53 comments

Your take on this week's news

 2 - 8 Oct 2017

by Bjinse - Oct 3, 119 comments

Your take on this week's news

 Open Thread 2 - 15 Oct

by Bjinse - Oct 3, 21 comments

So many threads, so little time

 Open Thread 25 Sep - 1 Oct

by Bjinse - Sep 19, 31 comments

Within any thread, there are claims which are true but which cannot be proven to be true

Occasional Series
Click for full list

Top Diaries

LQD: Totes awky momo

by Frank Schnittger - Oct 12

Catalonia open thread

by fjallstrom - Sep 29


by Oui - Sep 23