Well perhaps it could be red.
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Army Thread Monday 13th February
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Army Thread Monday 13th February
KTAB;1261739 wrote: Thought you would like it Inchy.
Reccie, little or no chance of a default in Ireland imo.
Ireland's debt is forecast to peak at 119% of GDP in 2013, see:
Irish debt manageable, not comfortable - central bank | Reuters
Historically, when a country's debt goes beyond 60% of GDP on average, the money never gets paid back in full. The figure of 119% in the above article probably does not take account of the possible need to further bail out Irish banks owing to losses they may sustain on their exposure to sovereign debt, the effects of higher interest rates during a credit crunch, etc etc. One of the problems is that banks and governments conceal their financial problems right up until the point when those problems can no longer be hidden, so we can never be sure what the real situation is. You may be correct about Ireland not defaulting (I hope you are!).....personally I think there is even some risk of the UK defaulting, though not in the immediate future :fingers:. I'm hoping for the best and preparing for the worst.
Edit: Hiya coco and foxy
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Army Thread Monday 13th February
stirly-girly;1261725 wrote: The good news is that older son proposed to his girlfriend and of course, she accepted. I say "of course" because she loves him to bits, as he loves her. I am so happy for them - they are just so suited for each other. And they are hoping to get married this year if they can manage to pull things together. Of course, it all depends on whether Mr. Stirly will need chemo or not and what condition his health will be in. Anyway, in spite of the negative factors in our life at the moment, I am trying to be as positive as I can. Shite happens. Life goes on.
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Army Thread Monday 13th February
Recluse;1261775 wrote: Evening tabbers
Ireland's debt is forecast to peak at 119% of GDP in 2013, see:
Irish debt manageable, not comfortable - central bank | Reuters
Historically, when a country's debt goes beyond 60% of GDP on average, the money never gets paid back in full. The figure of 119% in the above article probably does not take account of the possible need to further bail out Irish banks owing to losses they may sustain on their exposure to sovereign debt, the effects of higher interest rates during a credit crunch, etc etc. One of the problems is that banks and governments conceal their financial problems right up until the point when those problems can no longer be hidden, so we can never be sure what the real situation is. You may be correct about Ireland not defaulting (I hope you are!).....personally I think there is even some risk of the UK defaulting, though not in the immediate future :fingers:. I'm hoping for the best and preparing for the worst.
Edit: Hiya coco and foxy
Stirly great news, many congrats to the happy couple.Ethanol is a toxic chemical, why would I drink it?
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Army Thread Monday 13th February
Hi Zen, just off to my bed.
PS Reccie, with regard to Irish GDP this is indicative of current thinking
Govt promises 100,000 new jobs by 2016 - RT? NewsEthanol is a toxic chemical, why would I drink it?
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