“The chicken goujon that looks like Ireland.” (Ashling Graham)
“The Special K that looks like Ireland.” (Aideen Keogh)
“The Stain On The Floor Of A Copenhagen Pool Hall At 3am That Looks Like Ireland.(Colin Argue)
They auto be ashamed of themselves.
Auto.
Never mind.
O’Driscoll To Write Biography (RTE Ten)
Thanks Carol Kelly
httpv://www.youtube.com/watch?v=RXoBNFOxlQM
Martin O’Leary writes:
Here is Benetton Treviso’s Botes on the receiving end of some straight talking from referee Nigel Owens during his team’s RaboDirect Pro12 clash with Munster at the weekend.
httpv://www.youtube.com/watch?v=TWg60wj3fok&feature=youtube_gdata_player
httpv://www.youtube.com/watch?v=svB6PyPU8PU&feature=share
Finally.
An Irish version.
“Well, that’s the boys.”
“I told you that.”
“In fairness.”
“I’m only a social smoker.”
“Pennys’ finest.”
“I’m actually dying.”
“Raging I didn’t the shift last night.”
By Clisare.
Previously: Shit Single Girls Say
So You’ve Seen The Shit Girls Say
Thanks Jonathan and Rory and Will St Leger
This is how desperate European investors are for a safe-haven: They’re paying Germany to “borrow” money.
Germany just held a 3.9 billion EUR auction of 6 month bills. The interest rate: -0.0122%.
Essentially Germany is a bank, where the depositor pays to warehouse money. If you’re worried that no other institution will stay solvent during that time, it obviously makes tremendous sense to pay Germany.
Germany Is Now Officially Getting Paid To Borrow Money (Business Insider)
Upward-Only
at
Grafton Street, Dublin, yesterday.
Yes, but the government hasn’t passed the legislation because it wants to stimulate the property market.
Cough.
Via @paulbaldvoin
TheStory.ie has obtained a confidential plan submitted by Anglo Irish Bank/Irish Nationwide to the European Commission, which was put together by a working group from the Department of Finance, the NTMA, the Central Bank, Anglo and INBS.
The plan, dated January 31, 2011 was submitted to the European Commission for approval and was guided by the agreement reached between the Irish authorities, the EU, the IMF and ECB in November 2010. It outlines in detail the workout plan for the IBRC entity from now until 2020, under two headline scenarios – a base and stress scenario.
- Under the the base scenario, IBRC says it could lose €3.5bn between 2011 and 2020, while under the stress scenario it could lose €8.1 billion. The bulk of these losses would be incurred in 2011/2012. It projects a loss of at least €400m between 2016 and 2020.
- IBRC’s residential loan book will be prepared for eventual sale, probably in 2015. A 30% haircut is expected in the stress scenario leading to a loss to the taxpayer of €300 million.
- Under a stress scenario outlined by the bank, IBRC will need an additional €3.2bn of equity capital which will be ‘drip fed’ across the plan period. The injections are required to keep an 8% total capital ratio. This drip feeding will be done in tranches of €1.7bn, €1.3bn, €0.01bn, €0.04bn and €0.2bn.
- IBRC will be reliant on the Central Bank/ELA funding for the duration of the plan, right up to 2020. IBRC will need €36.7bn funding from the CBI/ELA by 2015 and €15.9bn by 2019 under the base case.