Tuesday, April 7, 2009

Ireland to Buy Billions of Euros of Property, Loans

Budget to announce spend of billions on bank loans

Irish gov to buy up €60 billion worth of toxic property loans to save banks, in their new budget. “Our budget will strike the difficult balance between making sure our bankers maintain their extravagant standard of living while imposing crushing taxes on everyone else” Mr Lenihan said.

Posted by mountain goat @ 10:06 AM (546 views)
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