4 ms·
AIUI the money is owed to Ireland but Ireland originally refused it, EC is now saying "no, really, you have to take it". Might be followed up by Ireland getting
by pluma 10y ago
AIUI the money is owed to Ireland but Ireland originally refused it, EC is now saying "no, really, you have to take it". Might be followed up by Ireland getting into trouble if they unfairly benefited from the deal?
That said, I think Ireland owes the ECB money too, so they'll probably use that money to repay their debt?
EDIT: Corrected EU->ECB as pointed out below.
- iameoin 10y agoIf they have to take it (after the expected appeals by both Apple and Ireland) they will not be able to use it in the national budget. It will be used to draw down on the national debt, so ya could very well end up going back to the EC or more accurately the EC.
- giovannibajo1 10y agoIf you're referring to the public debt, that's towards the ECB (private bank) not the EU (public institution).