http://www.irishtimes.com/newspaper/bre ... king1.html
It's so comical I can't help laughing - someone didn't tell Honohan the game is not to let the cat out of the back to the Irish people...
Speaking this morning, Prof Honohan said he expected the Government to accept a loan of tens of billions of euro. "It's my expectation that that is what is definitely likely to happen. That's why the large technical teams are sitting down discussing these matters," he told RTÉ's Morning Ireland.
"It will be a large loan because the purpose of the amount to be advanced, or to be made available, is to show Ireland has sufficient firepower to deal with any concerns of the market," he said. "We're talking about a substantial loan." He also understood the money would be borrowed at a rate in the region of 5 per cent.
And then Eamon "I'm fcuking useless and have no clue about anything other than being fcuking useless" comes out with this...
Also speaking this morning, Minister for Communications Eamon Ryan accepted the Government "may need help" from Europe. "I don’t have a problem with that, and I don't have a problem recognising the scale of the problem," he said. "What we need to do is get the terms and conditions right."
Haven't you got it yet Eamo - we have no choice but to take a bailout so the terms and conditions are something the EU/IMF will be giving us - dumb schmuk
But if you thought he couldn't get any more stupid...
He also said he believed the teams from the IMF, the ECB and the EU would see that the position of the Irish banks were strong. "Our banks are solid and I believe that that will be shown to be the case."
Someone in government really needs to tell this idiot not to make public statements anymore