tag:blogger.com,1999:blog-8817171247555815363.post1478310836295909514..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: 7/2/2013: Trading Debt for Cash Flow Relief?TrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8817171247555815363.post-79627623813302519072013-02-08T16:09:23.306+00:002013-02-08T16:09:23.306+00:00Will you write a more in depth post on why you thi...Will you write a more in depth post on why you think this 'deal' is a net positive?Miriam Cottonnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-70797021478899324452013-02-08T12:35:51.186+00:002013-02-08T12:35:51.186+00:00What they've done is convert debt to sovereign...What they've done is convert debt to sovereign debt. Does it ever get paid? Does anyone care? Does it push Ireland closer to possible default on sovereign debt?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-28577547154160991222013-02-08T10:55:23.837+00:002013-02-08T10:55:23.837+00:00Curiously, the largest benefit occurs just before ...Curiously, the largest benefit occurs just before the latest date for the next election, and problems appear only after the next election after that. What a coincidence!<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-27937303672634700272013-02-08T00:58:53.360+00:002013-02-08T00:58:53.360+00:00Thanks Constantine.
The short term gain is that t...Thanks Constantine. <br />The short term gain is that this restructuring will allow some room to manoeuvre in terms of our national budgets but nothing more.<br /><br />No debt writedown (although none was sought which is appalling) and merely an extension to the time allowed to repay the debt.<br /><br />It's not a lot to show for 22 months of government in my opinionAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-36227944270861377332013-02-07T17:21:45.293+00:002013-02-07T17:21:45.293+00:00Could you do NPVs for the deal and PNs which take ...Could you do NPVs for the deal and PNs which take account of inflation and modest growth assumptions?Anonymousnoreply@blogger.com