Ireland secures EU/IMF bailout: Irish citizens/taxpayers will backstop Irish bondholders. Won't stop 'contagion'

This is the low down re: Irish bailout deal:

Annex : Distribution of the Loan to Ireland
Total Programme Volume (Billions of euro)
Contribution by Ireland 17.5
External support 67.5
Total 85.0

External Support Breakdown
IMF (One-Third)* 22.5
Europe (Two-Thirds) 45.0
Total 67.5

European Breakdown
EFSM 22.5
EFSF (Plus Bilaterals) 22.5
Total 45.0

EFSF (Plus Bilaterals) Breakdown
EFSF (Effective) euro area 17.7
United Kingdom 3.8
Sweden 0.6
Denmark 0.4
Total 22.5

The 'geniuses' at the European Union/International Monetary fund and Irish weak arse politicians have allowed the senior debt bond holder (European Central Bank being one: sitting on a ton of 'junk' PIIGS bonds) a deal, in other words they don't have to write down bond values or take a 'haircut'. But in actual fact they eventually will, and the morons running the ECB (European Central Bank)/IMF and EU have not only fueled a European Zone major industrial strike action, but have also dumped the Irish people into sellout deal in which their pension, taxpayer funds will backstop the bond holders (short term solution) as they quietly offload Irish debt onto the market and the ECB will buy it and print Euro's like no tomorrow, which in turn will set Germany alight (via inflation fears). The cycle of political turmoil and economic destabilization will increase 10 fold in Europe, perpetuated by the most incompetent, stupid and irresponsible men ever to manage, regulate or whatever they fuck they do; which in turn will grow onto a huge wave of uncertainly in the Euro Zone.

They have lit the fire by not being creative and intelligent in their 'bailout plans' but also not showing social awareness (don't treat the citizens of these countries like fools!) Seriously, when will these fucking, butnut clueless 'academics' learn that if you don't unify a consensus, or a populous, the majority of the people; you will fucking lose. That's it, simple. Their rushed and poorly thought out 'plans' stupidly 'throwing' together a Irish bailout deal before the markets open to try and stave off a yield blow out on Spanish and Portuguese debt and a sell on the EURO. They used Ireland as a short term solution ( in their feeble minds) but will actually end up costing more and also (apart from sending Ireland into a protest/riot/civil unrest zone) the bond holders will have to write-down bond values.; when yields on the rest of the PIIGS: Spain, Portugal, Greece and Italy go upward after the Irish Parliament is either dissolved, or voted out into oblivion. So again, uncertainly will be the trigger for CDS (credit default swaps) spikes and yield spikes and EUR selling.

The whole thing is a disaster as the European zone bond 'contagion' will go into overdrive.