Irish pushback strategy - we get mail | 305 comments (305 topical, editorial, 0 hidden)

Re: Irish pushback strategy - we get mail (none / 0)

Loan sharks? Do you assume the other european countries can borrow at 0%? And the ECB has given the banks - and that means nowadays the irish banks - a lot of money at 1.75%. And you think 1.75% is to high and so the irish banks have a right to default on their debts to the ECB.

Burn the ECB! 1.75% is usury!

by IM on Fri Feb 4th, 2011 at 12:40:19 PM EST
[ Parent ]

Re: Irish pushback strategy - we get mail (none / 0)

FWIW, 1.75% is very close to the current one-year interbank lending rate.

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 12:43:50 PM EST
[ Parent ]

Re: Irish pushback strategy - we get mail (none / 0)

A point of order: With a properly functioning central bank, a sovereign country can in fact borrow at 0.0 %.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Feb 5th, 2011 at 01:54:45 AM EST
[ Parent ]

Irish pushback strategy - we get mail | 305 comments (305 topical, 0 editorial, 0 hidden)

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