Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Ireland Get 3.6 Billion From E U As First Installment

Recommended Posts

http://uk.finance.yahoo.com/news/Ireland-gets-3-6-billion-reuters_molt-2293752234.html?x=0

13:09, Sunday 6 February 2011
BRUSSELS (
Reuters
) - Ireland (Berlin: IIK.BE - news) has received a first tranche of 3.6 billion euros (3 billion pounds) from the euro zone rescue fund,
slightly more than the initial amount
agreed, a fund source told Reuters on Sunday.
The effective lending cost to Ireland was 5.9 percent, the source added
.

Why not just say it is "more than expected."

Share this post


Link to post
Share on other sites

http://uk.finance.yahoo.com/news/Ireland-gets-3-6-billion-reuters_molt-2293752234.html?x=0

13:09, Sunday 6 February 2011
BRUSSELS (
Reuters
) - Ireland (Berlin: IIK.BE - news) has received a first tranche of 3.6 billion euros (3 billion pounds) from the euro zone rescue fund,
slightly more than the initial amount
agreed, a fund source told Reuters on Sunday.
The effective lending cost to Ireland was 5.9 percent, the source added
.

Why not just say it is "more than UNexpected."

Fixed for you B)

Share this post


Link to post
Share on other sites

Odd that in the last Great Crash of the 1990's the advice was that for the indebted, borowing more was the last thing you should do.

Share this post


Link to post
Share on other sites

http://uk.finance.yahoo.com/news/Ireland-gets-3-6-billion-reuters_molt-2293752234.html?x=0

13:09, Sunday 6 February 2011
BRUSSELS (
Reuters
) - Ireland (Berlin: IIK.BE - news) has received a first tranche of 3.6 billion euros (3 billion pounds) from the euro zone rescue fund,
slightly more than the initial amount
agreed, a fund source told Reuters on Sunday.
The
effective lending cost to Ireland was 5.9 percent
, the source added
.

Why not just say it is "more than expected."

Meh. Irish CB should have printed these poxy 3B with effective cost of 0% :P:P:P

Or is it a classic laudering scheme where one "lends" good money but receives back fakes ? :blink:

Share this post


Link to post
Share on other sites

So the £80 billion isn't going to be all in one lump sum and it sounds like they're going to be cap in hand to get it a bit at a time and likely to be fed dribs and drabs for the next century or so - at least.

Amazing that they're still in a position to actually hold a "democratic" election in February.

Maybe they're just welcoming the feet up opportunity to watch the Germans working to raise the bailout money and doing a bit of counterfeiting on the side.

Edited by billybong

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 285 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.