Yeah, yeah, yeah, the Portuguese are gonna get raped quickly. We all know that.
What we want to know is who's gonna get mauled a year ahead of time.
Irish per capita debt: $550K
Dutch per capita debt: $226K
Expect a mauling same time next year!
BORINNNNNGGGGGGGGGGGGGGGGGG!!!
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2 comments:
So, with all this per capita debt for the Irish, isn't the real question who holds the debt instruments, and how much their value has been marked down? Are we looking at another round of catastrophic bank failures?
And another thing. Isn't it impossible for Ireland to have such a large per capita debt? Assuming they can never pay it back, they can surely buy out of it for less.
Why is it so much on paper?
The Irish had no debt, or almost no debt.
This is a case of pure and total corruption.
If the Irish had let the banks go bankrupt, the real losers would've been the bondholders in the UK, Germany, and France.
This is a case of corruption.
Why should the Irish public assume the debt of the banks?
Of course, this is going to end "classically". Those that can't pay, won't pay.
The next Irish Parliament is gonna repudiate this debt.
This is corruption. If you look around, and you don't know who the bitch is, it's you!
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