Ireland "forced" to take bailout money.
http://www.telegraph.co.uk/finance/f...t-package.html
Ireland is so far gone, they don't want to be bailed out anymore.
Might as well put even more stuff on credit, try and stretch out the freeloading for another year, see if they can make it to a million per citizen.
At slightly over 10% interest and approximately $600,000 per capita. It might take five years to hit a million.
Not that I blame - There does come a point where you just give up trying to pay your debts and try to borrow some money for a last fling with strippers and beer.
Standard Christian ethos means that you just get to try again in seven years.
"At the end of every seven years thou shalt make a release. And this is the manner of the release: Every creditor that lendeth ought unto his neighbor shall release it: he shall not exact it of his neighbor, or of his brother; because it is called the Lord's release." Deuteronomy 15:1-2
Re: Ireland "forced" to take bailout money.
Quote:
Originally posted by ZenOps
At slightly over 10% interest and approximately $600,000 per capita. It might take five years to hit a million.
Those numbers are unbelievable, I didn't know it was that bad.