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AFP: Ireland wants rescue deal re-negotiated to match Spain's

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posted on Jun, 9 2012 @ 05:18 PM
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And there was I thinking that Greece would be the first to do this. I am not even sure if Germany is up for this Spanish non austerity bank only bailout....

Greek elections may swing on the Spanish treatment next week as well...



AFP - Ireland wants to renegotiate its rescue plan to benefit from the same treatment as Spain, which looks set to win a bailout for its banks without any broader economic reforms in return, European sources said on Saturday. "Ireland raised two issues: one is the need to ensure parity of the deal with Spain retroactively on its bailout from EFSF," one European government source told AFP, referring to the temporary rescue fund, the European Financial Stability Facility.


France24 - AFP




posted on Jun, 9 2012 @ 06:11 PM
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When I heard about Spain getting a different deal I instantly thought to myself that Ireland and Greece would feel ripped off. It does seem as though Spain are getting special treatment (well if what they want is approved).
edit on 9-6-2012 by OwenGP185 because: (no reason given)



posted on Jun, 10 2012 @ 12:17 AM
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Of course Spain got a better deal, they have way more gold than Ireland or Greece does. Spain has something to offer if they go belly-up, Ireland and Greece do not. This is just the lure for Spain to take the "Eurobonds-lite" deal when it's presented eventually.



posted on Jun, 10 2012 @ 07:34 AM
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Originally posted by 00nunya00
Of course Spain got a better deal, they have way more gold than Ireland or Greece does. Spain has something to offer if they go belly-up, Ireland and Greece do not. This is just the lure for Spain to take the "Eurobonds-lite" deal when it's presented eventually.


And to think gold as just a barbarous relic....
They slam the price down and the CB's just swoop in and buy it.




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