Government Still Aims To Return To Markets In 2012

[BoyRacer]

Irish Minister: Government Still Aims To Return To Markets In 2012 - Eamon Quinn → online.wsj.com/article/BT-CO-201 … 01712.html

DUBLIN (Dow Jones)–Ireland is taking control of its budget crisis and will “not give up” on its aim to return to markets by the end of next year, a senior government minister said Sunday.
Ruairi Quinn, education minister in the new coalition that came to power in March, said the government had taken charge of the national finances and would return to the markets in 18 months.
“That is the target we have set ourselves,” he told Irish broadcaster RTE Radio.
Quinn, who was a finance minister in a previous coalition in the mid-1990s that prepared for Ireland’s participation in the single European currency, said the government would cut its budget deficits as agreed under the bailout deal the country struck with the European Union and the International Monetary Fund last November.

And Saturday, Simon Coveney, agriculture minister, said Ireland favors extending the period it is repaying the EU and IMF for the country’s bailout loan, and wants to open up a “rolling process” of renegotiation for a better deal.
Coveney was the third Irish minister in the past seven days to say the new coalition is seeking what they call a “re-scheduling” of its bailout loan.
The country went to the EU and the IMF when markets became spooked at the cost of its banking crisis and refused to lend the country and the lenders more money. The loans are to be repaid over an average of seven years.

there is more

[fedorov]

on their “return from market” they might be coming back on the boat with a few quid for selling some national assets

https://www.irishtimes.com/newspaper/images/2011/0513/1224296841778_1.jpg

A painting by John Lavery entitled The Return from Market is to be donated to the gallery by Nama in return for the gallery storing the art collection of property financier Derek Quinlan, which Nama has seized and is in the process of selling. Mr Quinlan, who owes Nama some €230 million, handed over a dozen paintings – including the Lavery – after Christmas.

irishtimes.com/newspaper/frontpage/2011/0513/1224296841778.html

[yoganmahew]

@fedorov

on their “return from market” they might be coming back on the boat with a few quid for selling some national assets
…

A painting by John Lavery entitled The Return from Market is to be donated to the gallery by Nama in return for the gallery storing the art collection of property financier Derek Quinlan, which Nama has seized and is in the process of selling. Mr Quinlan, who owes Nama some €230 million, handed over a dozen paintings – including the Lavery – after Christmas.

Not everyone is best pleased…

[fedorov]

NAMA have all the best shit - they should turn their operation into something like a GAA raffle, they could sell “lines” at 5k each - 1st prize of a “celtic tiger lifestyle” -a house on shrewsbery road, his and hers cars (1x range roger, 1x bmw, 1x porsche), art collection (hopefully not the shite lying around inside AIB’s hq), collection of used dresses and suits etc, 2nd prize a restaurant near grafton street etc

[The_Unwelcome_Guest]

Eh, no they don’t…

[fedorov]

ok, how about a pig farm and a private jet ?

[mr_anderson]

@fedorov

ok, how about a pig farm and a private jet ?

In a bizzare twist of fate, TUG will bid for pig farm in cold hard cash !

[Daniel_Plainview]

[coc]

@mr_anderson

@fedorov

ok, how about a pig farm and a private jet ?

In a bizzare twist of fate, TUG will bid for pig farm in cold hard cash !

Only to be outbid by TWG offering a small bag of sticks. Or will it be a bag of small sticks?

[Dubhgeannain]

Any excuse for a nice tune

buddy holly - That'll Be the Day - The Best of Buddy Holly t

[What_Goes_Up]

Back on topic please.