Monday, March 12, 2012

Ireland puts in a bid for Euros before Spain

Ireland in talks on EU-IMF deal to boost banks

"Ireland is lobbying its international creditors to allow it to shift the burden of loss-making mortgages from some of its banks" ("Tracker mortgages make up more than 50 percent of Irish banks' residential property loans and although performing, they are not earning due to a mismatch between high funding costs and the low ECB rate which the products track")."Analysts are divided as to whether Ireland's national debt, which is forecast to peak at 119 percent of GDP in 2013, is sustainable"

Posted by alan @ 08:19 PM (900 views)
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