Comments on: The underwhelming Irish bailout http://blogs.reuters.com/felix-salmon/2010/11/22/the-underwhelming-irish-bailout/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Gotthardbahn http://blogs.reuters.com/felix-salmon/2010/11/22/the-underwhelming-irish-bailout/comment-page-1/#comment-21235 Tue, 23 Nov 2010 14:28:22 +0000 http://blogs.reuters.com/felix-salmon/?p=6239#comment-21235 Well done Felix. How anyone could be bullish on the Euro with all this mismanagement and incompetence at the national level is beyond me.

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By: klhoughton http://blogs.reuters.com/felix-salmon/2010/11/22/the-underwhelming-irish-bailout/comment-page-1/#comment-21188 Mon, 22 Nov 2010 15:42:14 +0000 http://blogs.reuters.com/felix-salmon/?p=6239#comment-21188 Well, it is over three years, so it’s only 20% of GDP.

mjturner – Half a trillion Euros in assets is nice if you forget that A = L + E is also an accounting identity, and since E is “only” negative 80-90 Billion (otherwise, the loans would be admitted as insufficient), L therefore must be around 410-420 Billion.

But I’ll give you odds–see also The Big C’s Balance Sheet–that the assets are “marked to myth” and the liabilities are, er, rather more real. As the LRB noted today, the UK is basically providing money to its own banks via this “loan” to Eire.

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By: rjs0 http://blogs.reuters.com/felix-salmon/2010/11/22/the-underwhelming-irish-bailout/comment-page-1/#comment-21181 Mon, 22 Nov 2010 12:04:19 +0000 http://blogs.reuters.com/felix-salmon/?p=6239#comment-21181 €100 billion is about 60% of ireland’s GDP; it is as if the US recvd a $9 trillion bailout…

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By: mjturner http://blogs.reuters.com/felix-salmon/2010/11/22/the-underwhelming-irish-bailout/comment-page-1/#comment-21178 Mon, 22 Nov 2010 06:34:36 +0000 http://blogs.reuters.com/felix-salmon/?p=6239#comment-21178 “The banking system is on its knees”…”and it has roughly half a trillion euros in assets”

Sounds as if it is doing OK!

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