Monthly Archives: August 2012

No.

GERMANY HAS said it will oppose any Irish debt-relief proposal it believes sends a negative signal to financial markets.

Finance minister Wolfgang Schäuble has said Ireland’s “massive” reform progress should not be compromised by anything that would halt the “winning back of trust”.

His doubts pose a challenge to the Government, which expects a political agreement by October on relieving Ireland’s €64 billion bank debt burden.

“We cannot do anything that generates new uncertainty on the financial markets and lose trust, which Ireland is just at the point of winning back,” said Mr Schäuble in an interview with The Irish Times.

Thanks a pantload there, Wolfgang.

Germany expresses doubt over support for Irish bank debt plan (Derek Scally, Irish Times)

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According to information posted in another video of the same event, fans of ‘lowly’ German outfit FC Magdeburg trolled their team into breaking a five match goal drought in a home game against Berliner AK last March.

The adorable pisstake worked. Magdeburg’s American forward Chris Wright eventually scored.

Magdeburg lost 2-1.

awesomer

It is comedic, bordering on farcical, that this country will agonise over the disposal of the 25% stake in Aer Lingus – worth about a lousy €175m – whilst at the same time largely ignore sales of assets worth many multiples of this. Today, the British commercial property portal, CoStar.co.uk reports that AIB has sold €600m of assets in Poland. The Irish state owns 99.8% of AIB, so these disposals are of OUR assets.

The buyer appears to be a joint venture between two non-Irish companies, Peakside Capital and Partners Group. The purchase price appears to be €600m. What was the sales and marketing process, and was it adequate to maximise the sales price? What were the assets worth in AIB’s books at 30th June 2012? Did we make a profit or loss on the deal?

 

Today Ireland sold €600m of state assets…(NamaWineLake)


Ryan Ulrich’s award-winning 2007 animation combines the Creationist take on the world (told in scientific terms) with the Big bang and evolution explained in Bible-speak.

The holy/unholy spawn of this union is wonderfully satisfying, horribly offensive or some combination of both those things, depending on your outlook.

dailywh.at/schooloffail