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All of that will go back to Ireland's national debt repayments under EU rules from what I understand, which includes large repayments due to the EU for the rece
by alphadevx 10y ago
All of that will go back to Ireland's national debt repayments under EU rules from what I understand, which includes large repayments due to the EU for the recent loans provided to Ireland for propping up banks, so really EU is collecting this money by proxy of Ireland. Interesting play.
- raverbashing 10y agoDebt, not depth ;)
- alphadevx 10y agoThanks, fixed ;-)
- k-mcgrady 10y agoSo this works out at about 20% of the EU/IMF bailout amount or 6% of total Irish national debt.
- pjc50 10y agoI thought Ireland had exited the EFSF http://www.efsf.europa.eu/about/operations/ireland/index.htm http://www.efsf.europa.eu/about/operations/ireland/index.htm so the Irish national debt is now just generic open-market bonds rather than particular debts?