Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Agreed on both points, but remember Fine Gael actually welcome austerity as a great opportunity to trim "the bloated state sector"

Secondly, the ECB/IMF specifically do not allow the Irish Government to buy its own debt on secondary markets - at the going market rate c. 70% on the € - i.e. to take advantage of the markets "pricing in" a default.

Mustn't interfere with the markets right to make the rich richer, now must we?

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Tue Apr 5th, 2011 at 07:33:09 PM EST
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