• This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn more.
  • To post you need to register an account and await approval. Click Here to sign up!

Hot Brendan Keenan's "Bleak Omens" for Europe!

Are you glad that this Economics Thread is the Biggest Thread of all on P.irish?


  • Total voters
    29

Dublin 4

Legend
Political Irish
Donator
Joined
Nov 21, 2015
Messages
14,963
Likes
11,759
Points
313
#1
This is an ol Golden Oldie of mine from P.ie from the 25th March 2013, 10:12 AM

You can judge for yourselves by way of the recent Elections in Greece, Spain & Portugal that I was indeed correct & the Eurozone is continuing to tear itself apart.

AS finance ministers, EU chiefs and IMF bosses gathered in Brussels last night, just about the only thing that could be said with any certainty was that the Cyprus crisis was just beginning – and perhaps another euro crisis as well.

It also seems highly unlikely that the proposed €16bn bailout will be enough. Yet any significant amount more will bankrupt Cyprus.
main-qimg-c36aa6fca479f2223798f370e21e5550.jpg

This crisis is only beginning and omens for Europe are bleak - Independent.ie

Whilst the Deefster warned ya'll over the past 2 years that the Crisis was worsening - Brendy Boy & Co regularly claimed all would be ok.

According to Brendy Boy now it's pretty "fkin far from Ok"...

Over the next few weeks & months I will be updating readers about the horrific state of almost Universal Insolvency within the EU.

Recently it was highlighted that EU Unemployment was 2 & 1/2 times higher than Brazil's - this crisis is going nowhere fast.

The EZ is being propped up by Toxic Derivatives & unservicable loans.

Keep an eye on Slovenia!

I've never said the Euro would collapse but the level of Toxic Overleving will ensure that this Rollercoaster will continue for a good while yet & may bring down the EU itself... icon_shocked.gif
EDITED: Site Upgrade Errors were removed today as we approach the Thread's 3rd Birthday! :)
 
Last edited:
OP
OP
Dublin 4

Dublin 4

Legend
Political Irish
Donator
Joined
Nov 21, 2015
Messages
14,963
Likes
11,759
Points
313
#2
RE: Brendan Keenan's "Bleak Omens" for Europe!

"Greece back on agenda as creditors demand pension reforms"


Swift completion of the first bailout review is vital for Greek debt relief to move ahead

The surprise election of Kyriakos Mitsotakis last weekend as leader of the New Democracy party could spell trouble for Tsipras and for political unity.

The son of a former prime minister and member of a well-known political dynasty, the 47-year-old is widely seen as a serious political alternative to Tsipras.

With the Greek government having seen their majority reduced to three, cross-party political buy-in for reform measures is essential for the successful completion of the first review mission.

What may prove even more difficult for Greece are the fiscal targets demanded by lenders.

The EU cannot afford another crisis any time soon.
main-qimg-c36aa6fca479f2223798f370e21e5550.jpg

Greece back on agenda as creditors demand pension reforms | Irish Times 14/01/16
 
Last edited:
OP
OP
Dublin 4

Dublin 4

Legend
Political Irish
Donator
Joined
Nov 21, 2015
Messages
14,963
Likes
11,759
Points
313
#3
"Noonan and Howlin risked economic recovery to deliver 'political budget' says EC report"

The “recovery is threatened by recent decisions which affect the path to sustainable budgetary position”.

While the budget is “broadly compliant” with EU fiscal rules, there are risks of some deviation from the appropriate adjustment path, they say.

That improved tax revenues are driven by “better than expected if volatile corporate tax receipts”, while increases in spending were permanent.

Budget 2016 “could have been more supportive of growth”.

On the spending side, the commission concludes that raising public sector pay and increasing a range of social welfare payments “could have been better targeted”.

The commission says reducing the USC and postponing the self-assessing of property values “undermines the sustainability of revenue in the medium term”.


LEHMAN-master675.jpg

Noonan and Howlin risked economic recovery to deliver 'political budget' says EC report | Irish Examiner
 
Last edited:
OP
OP
Dublin 4

Dublin 4

Legend
Political Irish
Donator
Joined
Nov 21, 2015
Messages
14,963
Likes
11,759
Points
313
#4
In November, the ECB told Novo it would indeed need to raise some €1.4 billion in fresh capital which the bank initially said would come from asset sales.

A little over a month later, Portugal’s central bank essentially just gave up.

On December 29, the bank announced it was transferring €2 billion in NB senior notes back to Banco Espirito Santo which, like a ghost skyscraper in China, is set for demolition.

In other words, Novo Banco plugged the €1.4 billion hole by essentially declaring €2 billion in bonds null and void.

Eurozone_Breakup_image.jpg

http://newzsentinel.com/creditors-ac...-bank-bail-in/
 
Last edited:
OP
OP
Dublin 4

Dublin 4

Legend
Political Irish
Donator
Joined
Nov 21, 2015
Messages
14,963
Likes
11,759
Points
313
#5
zerohedge
tyler_bigger.jpg
@zerohedge

GOLDMAN SACHS TO PAY $2.385B CIVIL MONETARY PENALTY

Goldman%20Europe%20Old.jpg
 
Last edited:
OP
OP
Dublin 4

Dublin 4

Legend
Political Irish
Donator
Joined
Nov 21, 2015
Messages
14,963
Likes
11,759
Points
313
#6
RE: Brendan Keenan's "Bleak Omens" for Europe!

[font=Tahoma, Calibri, Verdana, Geneva, sans-serif]zerohedge ‏
tyler_bigger.jpg
@zerohedge 
Yesterday

The Shanghai Composite has wiped out all gains from China's state-rescue campaign. The National Team has failed[/font]
 
OP
OP
Dublin 4

Dublin 4

Legend
Political Irish
Donator
Joined
Nov 21, 2015
Messages
14,963
Likes
11,759
Points
313
#7
Instead of dissolving the EZ & EU sensibly the Eurocrats kept it all together & attracted Islamoterrorists through Porous Borders...

Horrifying CCTV shows moment woman in a headscarf tries to stab teen, 15, on London bus

A TEENAGE boy was saved from a savage stabbing on a daytime bus - by his hero NAN.

Kangaroo-Knifer-London-stabbing-634962.jpg

Bus-stabbing-south-London-Boxing-day-438927.jpg
The attacker is described as an Asian woman aged between 20 and 30 who wore a distinctive headscarf with a kangaroo print.

Horrifying CCTV shows moment woman in a headscarf tries to stab teen, 15, on London bus

Will the Goldman Sachs/European Union Rapefactory insist we wear "Stab Vests" next to allow the Islamoterror Cell Minorities to uphold their Cultural Rights? :mad:

or maybe it will be "Anger Management Classes for ISIS"... :rolleyes:
 
Last edited:
OP
OP
Dublin 4

Dublin 4

Legend
Political Irish
Donator
Joined
Nov 21, 2015
Messages
14,963
Likes
11,759
Points
313
#8
Last edited:
OP
OP
Dublin 4

Dublin 4

Legend
Political Irish
Donator
Joined
Nov 21, 2015
Messages
14,963
Likes
11,759
Points
313
#9
Bank bailout debt costing State €1.6bn a year


  1. €41bn of national debt associated with cost of rescuing financial sectorThe annual cost of servicing the debt associated with the financial sector bailout in Ireland in 2008 is estimated at about €1.6 billion, according to figures provided by Minister for Finance Michael Noonan.This is from an expected cost of €8 billion to service Ireland’s sizeable national debt this year.Bank bailout debt costing State €1.6 Bn per year | Irish Times | Mon, Jun 16, 2014, 01:00
 
OP
OP
Dublin 4

Dublin 4

Legend
Political Irish
Donator
Joined
Nov 21, 2015
Messages
14,963
Likes
11,759
Points
313
#10
€41bn of national debt associated with cost of rescuing financial sector

The annual cost of servicing the debt associated with the financial sector bailout in Ireland in 2008 is estimated at about €1.6 billion, according to figures provided by Minister for Finance Michael Noonan.

This is from an expected cost of €8 billion to service Ireland’s sizeable national debt this year.
Goldman%20Europe%20Old.jpg

00051425-970.jpg

Bank bailout debt costing State €1.6 Bn per year | Irish Times | Mon, Jun 16, 2014, 01:00
 
Last edited:

Youngdan

Moderator
Staff member
Moderator
Political Irish
Donator
Joined
Oct 31, 2015
Messages
9,067
Likes
4,047
Points
313
#12
They will accept anything except reality
 
OP
OP
Dublin 4

Dublin 4

Legend
Political Irish
Donator
Joined
Nov 21, 2015
Messages
14,963
Likes
11,759
Points
313
#13
RE: Brendan Keenan's "Bleak Omens" for Europe!

This will be the Doomporn - EZ/EU Routine Financial Armageddon/"New Norm" Thread.

"The Invasion of Europe" thread I will use for Routine Migration Outrages.

"The Defeated EU" Thread will be for the heaviest aspects of all the Crises & disputes which have the Vile EU at the Cliff's Edge   :p
 

Madam

Member
Closed Account
Joined
Nov 2, 2015
Messages
925
Likes
195
Points
43
#14
Im sure there are many threads on P.ie like yours that were good and sound, full of knowledge but the mods allowed them to be derailed and destroyed by the idiot brigade that loved posting pictures of squirrels.

Well done D4, you posted the truth and unfortunately it looks like the truth is finally coming out, you deserve an apology fro those idiots on P.ie.
 
OP
OP
Dublin 4

Dublin 4

Legend
Political Irish
Donator
Joined
Nov 21, 2015
Messages
14,963
Likes
11,759
Points
313
#15
I put a lot of stupid pics of Bruno Ganz as Hitler in Downfall etc too but this is to literally terrorise the Rapefactory.

The Goldman Sachs / EU Rapefactory employ trolls to see what is being posted & report back to the Rapefactory.

Every time they see my damaging revelations it comes complete with a repeated traumatising picture & thus I get to double punish the Rape Factory...
 
OP
OP
Dublin 4

Dublin 4

Legend
Political Irish
Donator
Joined
Nov 21, 2015
Messages
14,963
Likes
11,759
Points
313
#16
RE: Brendan Keenan's "Bleak Omens" for Europe!

Should have dissolved the Euro stoopid.... action-smiley-041.gif

German finance minister proposes EU-wide petrol tax to pay for refugee crisis

Wolfgang Schaeuble gave no details on how high the extra levy on petrol should be, but said it would pay for costs such as securing Schengen's external borders

CS1789862-02A-BIG.jpg

]http://www.telegraph.co.uk/news/wor...wide-petrol-tax-to-pay-for-refugee-costs.html

This is what happens when you play around with Toxic Derivatives to sustain "Welfare Wonderlands" - you create an alluring illusion of wealth & attract unsustainable population surges... action-smiley-063.gif


German%20GDP%20vs%20DB%20Derivatives_1_0.jpg

"Rapegang Shakened-up" won't give Details of how Deustche Bank are going to pay their €55.6 Trillion Debts either


The Brits will be real Pi$$ed at the idea of Paying for Merkel's Mania - Thanks!



 
Last edited:

Rick

Site Admin
Staff member
Site Admin
Political Irish
Joined
Nov 3, 2015
Messages
603
Likes
434
Points
63
#17
RE: Brendan Keenan's "Bleak Omens" for Europe!

Dublin 4 said:
[font=Verdana, Arial, Tahoma, Calibri, Geneva, sans-serif][font=Tahoma, Calibri, Verdana, Geneva, sans-serif]€41bn of national debt associated with cost of rescuing financial sector[/font][/font]
[font=Verdana, Arial, Tahoma, Calibri, Geneva, sans-serif][font=Tahoma, Calibri, Verdana, Geneva, sans-serif]
The annual cost of servicing the debt associated with the financial sector bailout in Ireland in 2008 is estimated at about €1.6 billion, according to figures provided by Minister for Finance Michael Noonan.[/font]
[/font]

[font=Verdana, Arial, Tahoma, Calibri, Geneva, sans-serif][font=Tahoma, Calibri, Verdana, Geneva, sans-serif]
This is from an expected cost of €8 billion to service Ireland’s sizeable national debt this year.[/font]
[/font]

Goldman%20Europe%20Old.jpg

00051425-970.jpg

[font=Verdana, Arial, Tahoma, Calibri, Geneva, sans-serif]Bank bailout debt costing State €1.6 Bn per year | Irish Times | Mon, Jun 16, 2014, 01:00[/font]
Ireland got lucky so far with all time low debt interest, wait till the jobs start to go again!
 
OP
OP
Dublin 4

Dublin 4

Legend
Political Irish
Donator
Joined
Nov 21, 2015
Messages
14,963
Likes
11,759
Points
313
#18
RE: Brendan Keenan's "Bleak Omens" for Europe!

This won't help Merkel either...

LEAVE.EU@LeaveEUOfficial


The EU has failed to conclude free trade agreements with any of the top 10, non-EU economies in the world. #LeaveEU

CY3Q2OtWsAAxh1b.jpg Britain Elects@britainelects

"David Cameron should stop accepting refugees coming into the UK from Syria":
Agree: 61%
Disagree: 23%
(via ComRes)
 
Last edited:
OP
OP
Dublin 4

Dublin 4

Legend
Political Irish
Donator
Joined
Nov 21, 2015
Messages
14,963
Likes
11,759
Points
313
#19
RE: Brendan Keenan's "Bleak Omens" for Europe!

These Brexit guys are going to stimulate a lot of Anti EU Activists & Voters all over Europe  CY3znQ1WYAAdnK6.jpg
 
OP
OP
Dublin 4

Dublin 4

Legend
Political Irish
Donator
Joined
Nov 21, 2015
Messages
14,963
Likes
11,759
Points
313
#20
Now sharp shooting International Economists are openly kicking Merkel around

Mike Shedlock
lDILBQSK_bigger.jpg
@MishGEA
EU's Farcical Plan to "Quasi-Automatically" Redistribute Refugees http://goo.gl/fb/kuqUta


Time to be Realistic

By all means, let's be realistic. And honest.

  • Hungary, Slovakia, the Czech Republic and Romania have refused to go along with relocation plans despite being obliged to do so.
  • 2,000 to 4,000 refugees arrive every day. Assuming the lower bounds, that's 60,000 every month, 180,000 or so every three months.
  • Assuming quasi-automatic redistribution will achieve a 100% success rate, up from zero (0.17% to be precise), within three to four months, new refugees arriving will exceed those relocated.

And how is this quasi-automatic redistribution supposed to work?

No one has stepped up to the plate to explain how, or what happens when various countries refuse to participate.

It's magic.

Mike "Mish" Shedlock

shield.png
Mises Institute


Mike Shedlock

From Mises Wiki, the global repository of classical-liberal thought

Mike "Mish" Shedlock is an American investment advisor and financial commentator. He operates the blog MISH'S Global Economic Trend Analysis and believes in the Austrian School of economics.

Shedlock is an avid supporter of Ron Paul and other libertarian-leaning political candidates.[3] He sides with Murray Rothbard and believes fractional reserve lending is inherently fraudulent, concluding that "[t]he case is irrefutable."

On July 10, 2007 Shedlock called the top of the stock market suggesting that "the current trend is exhausted,"[5] missing the actual top by 3%.



Mish Citations




New York Times

NYT 10th Annual Year in Ideas - #1 Idea of the Year 'Do-It-Yourself Macroeconomics'



Time Magazine
Best 25 Financial Blogs


Bloomberg
Financial Blogs: The Best of the Bunch



CNBC
Be
st Alternative Financial Websites


Strategist News
Best Business Blogs 2011


action-smiley-069.gif Nitey Nitey Doomporn Junkies sleeping-smiley-009.gif
 
Last edited: