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 Post subject: Revealed: How Troika got €220m fees from taxpayer
PostPosted: Thu Aug 22, 2013 7:09 am 
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Revealed: how troika got €220m fees from taxpayer - -> http://www.independent.ie/business/iris ... 18936.html

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The fees – which are for services including administration – are charged when the State draws down a loan, or tranche, under the €67bn programme.
This is on top of the €1.4bn interest payments made in the last year alone on the bailout.
Between 2010 and the end of last year, the State paid about €224m worth of fees – roughly half the amount of money that Social Protection Minister Joan Burton is under pressure to cut from her department in October's Budget.

there is more


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 Post subject: Re: Revealed: How Troika got €220m fees from taxpayer
PostPosted: Thu Aug 22, 2013 9:58 am 
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So that's about 0.3% of the bailout total.

This is interesting, from later in the article:
Quote:
Ciaran Lynch, chair of the Oireachtas Finance Committee...added: "The expectation is that the troika will be exiting Ireland at the end of this year or the beginning of next year, put on the runway and sent out of this country, with the expectation that these type of costs and other measures associated with the arrangement will have finally concluded."

Rather inflammatory language. Labour must really be feeling the pressure.

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 Post subject: Re: Revealed: How Troika got €220m fees from taxpayer
PostPosted: Thu Aug 22, 2013 10:41 am 
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Eschatologist wrote:
So that's about 0.3% of the bailout total.

This is interesting, from later in the article:
Quote:
Ciaran Lynch, chair of the Oireachtas Finance Committee...added: "The expectation is that the troika will be exiting Ireland at the end of this year or the beginning of next year, put on the runway and sent out of this country, with the expectation that these type of costs and other measures associated with the arrangement will have finally concluded."

Rather inflammatory language. Labour must really be feeling the pressure.


It's amazing considering that we basically begged these guys to provide us with loans. Would Ciaran Lynch prefer if they exited now and his salary was cut in half?


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 Post subject: Re: Revealed: How Troika got €220m fees from taxpayer
PostPosted: Thu Aug 22, 2013 11:34 am 
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Location: The Second Æther! Hull Breach Imminent, Eschaton Immanent...
greentree wrote:
Eschatologist wrote:
So that's about 0.3% of the bailout total.

This is interesting, from later in the article:
Quote:
Ciaran Lynch, chair of the Oireachtas Finance Committee...added: "The expectation is that the troika will be exiting Ireland at the end of this year or the beginning of next year, put on the runway and sent out of this country, with the expectation that these type of costs and other measures associated with the arrangement will have finally concluded."

Rather inflammatory language. Labour must really be feeling the pressure.


It's amazing considering that we basically begged these guys to provide us with loans. Would Ciaran Lynch prefer if they exited now and his salary was cut in half?


Yes.

The whole thing is just spin. OK, so there were costs applied, but it would be just the same effect if the interest rate had been tweaked up a tiny bit. At least in this case you can identify the costs, and if they were looking for some sort of value for money or efficiency justification I would have time for them.

Instead it's just reactionary posturing, which occurs on the level of tribal breast beating and fails to allow any real engagement with the topic at an analytical level.


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 Post subject: Re: Revealed: How Troika got €220m fees from taxpayer
PostPosted: Thu Aug 22, 2013 11:42 am 
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Eschatologist wrote:
So that's about 0.3% of the bailout total.

This is interesting, from later in the article:
Quote:
Ciaran Lynch, chair of the Oireachtas Finance Committee...added: "The expectation is that the troika will be exiting Ireland at the end of this year or the beginning of next year, put on the runway and sent out of this country, with the expectation that these type of costs and other measures associated with the arrangement will have finally concluded."

Rather inflammatory language. Labour must really be feeling the pressure.


Imbecilic as well as inflammatory.
It makes him appear unable to distinguish cause from effect.

It's akin to blaming the oncologist for making you feel sick with chemotherapy in an effort to cure your cancer after a lifetime of smoking.


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 Post subject: Re: Revealed: How Troika got €220m fees from taxpayer
PostPosted: Thu Aug 22, 2013 11:43 am 
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Posts: 204
mr_anderson wrote:
Eschatologist wrote:
So that's about 0.3% of the bailout total.

This is interesting, from later in the article:
Quote:
Ciaran Lynch, chair of the Oireachtas Finance Committee...added: "The expectation is that the troika will be exiting Ireland at the end of this year or the beginning of next year, put on the runway and sent out of this country, with the expectation that these type of costs and other measures associated with the arrangement will have finally concluded."

Rather inflammatory language. Labour must really be feeling the pressure.


Imbecilic as well as inflammatory.
It makes him appear unable to distinguish cause from effect.

It's akin to blaming the oncologist for making you feel sick with chemotherapy in an effort to cure your cancer after a lifetime of smoking.


:lol:


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 Post subject: Re: Revealed: How Troika got €220m fees from taxpayer
PostPosted: Thu Aug 22, 2013 11:46 am 
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greentree wrote:
It's amazing considering that we basically begged these guys to provide us with loans.


And will be again soon...

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