Default without defaulting..
July 11, 2011
Here is just a probably wacky idea, but I’d like to throw it up in the air, just to see how it falls back to the earth, for the sole benefit of my own wisdom. How to default “in style”, in an employment-friendly way: In short: Apply a haircut on bank bond holders (guaranteed senior…
How to reduce bailout interrest rates allowing everyone to save face
March 22, 2011
According to the EU/IMF directives, Irish deficit GDP has to be reduced by 9% of GDP (down from 12% to 3% GDP) within 3 or 4 years. The EFSF cost of funding is currently 2.8%, and the premium Ireland pays over that is 3%. Total: currently 5.8% Whenever Ireland will manage to reduce its deficit…
Rethoric to use in front of France & Germany
March 22, 2011
1. A point of history: Over the past 15 years, Ireland often has had a budget surplus, while France and Germany often were in breach of the Maastricht criteria, for both Debt and deficit levels (2003 and after). Were France and Germany sanctioned for cheating their way? No Nay Never! Was Ireland rewarded for its…
February 2, 2012
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February 10, 2012
January 4, 2012
