Ireland

So it is the perfect time for the sages at S&P to reward it with a ratings upgrade. Read more »

Let’s see it’s just after 7:30PM in Dublin so carry the one and Finance Minister Michael Noonan is going to go with NOT ANY TIME SOON. Read more »

  • 01 Jul 2013 at 5:08 PM

Ex-Anglo Irish Banker Is Sorry You Had To Hear That

An Irish banker taped saying he would demand cash from authorities to keep operating and making light of a 2008 bailout, prompting criticism around Europe, apologized for his comments in an interview published on Sunday. Public outrage has grown after the Irish Independent published taped telephone conversations between executives of the now-defunct Anglo Irish Bank, wrecked in 2008 when a property bubble burst after years of reckless lending. David Drumm, then-chief executive of Anglo Irish, had said he would demand “moolah” – slang for money – from the central bank in tapes of conversations that mocked a bank guarantee that pushed Ireland into years of austerity. In his first public comments since the tapes were published, Drumm told the Sunday Business Post that the recordings were made at a stressful and volatile time but there was “no excuse for the terrible language or the frivolous tone”. “I sincerely regret the offence this has caused,” the Sunday Business Post quoted Drumm as saying. “I cannot change this now, but I can apologize to those who had to listen to it and who were understandably so offended by it.” [Reuters, Earlier: “Get into the fucking simple speak – we need the moolah, you have it, so you’re going to give it to us, and when would that be?” Drumm said.]

  • 08 Feb 2013 at 2:02 PM

You Can’t Spell PIGS Without ‘Ireland’

Ireland’s long, hard struggle to avoid becoming Greece without the beaches or sunshine has at last borne fruit. Read more »

Reuters reports that Ireland’s parliament has approved the 85 billion euro bailout, by a vote of 81 to 75. In related news, one Canadian posing as a Irish citizen recently offered his two cents on the situation, noting that there are four causes of Ireland’s current predicament. They are: 1) ‘greed, greed and more greed’ 2) ‘the stupid fucking government’ 3) ‘very deceitful and conniving developers’ 4) ‘wanking fucking bankers…assholes.’ Read more »

Brian Lenihan is finished playing mister nice guy. Read more »

Earlier this week, we got word via some RBS higher-ups that bonuses for the Queen’s bitches would be “less than 2009″ this year. How much less? If you’re lucky, apparently thirty percent and if you’re not, more. So, this is not the best news if you happen to be an employee of the Royal Bank (nor is the fact that the payouts don’t come until June) and while it may be little solace, consider taking heart: you could be working in Ireland, where the government has passed out its routing number and asked the banks to direct deposit employees’ bonuses in its checking account. Read more »