Re: Re: Why did Ireland bother? Don’t they have Trojan horses?


@logan wrote:

I think it’s increasing likely sovereign debt investors in the Eurozone are going to face a substantial ‘haircut’ to their investments. Merkle has said as much in an interview yesterday, perhaps to pacify German public opinion.

These statements from Merkel and Sarkozy have caused Irish bond yields to rocket. They have effectively ruined any chance of the Irish surviving without Euro assistance or a default.

So Merkel is saying that she can buck the markets… haha. Weber is saying they will pump in as much money is necessary to save the Euro.

They are bluffing and the markets are going to call their hands.

There are plenty of other bonds to buy, nobody needs to by Greek or Spanish soverign debt. Saying haircuts are likely is just asking for trouble.

But apparently they can buck the markets, so lets see…