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Irish Republic offered loan of 'around £7bn' by UK 
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paulzolo
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Post Irish Republic offered loan of 'around £7bn' by UK
We apparently have a spare £7bn down the back of the sofa we can lend to Ireland. Where did that come from? I thought we were skint.

http://www.bbc.co.uk/news/uk-politics-11807769

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Mon Nov 22, 2010 11:40 am
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Linux_User
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Post Re: Irish Republic offered loan of 'around £7bn' by UK
Given the apparent size of the export market to Ireland (which is ridiculous if you consider how heavily we rely on a nation of a mere 4 million people), the government probably figures this is the best way to save the UK economy.

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Mon Nov 22, 2010 11:41 am
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forquare1
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Post Re: Irish Republic offered loan of 'around £7bn' by UK
I presume it's got some crippling interest rate such that Ireland will pay something like 400% of it back?
Mon Nov 22, 2010 11:50 am
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paulzolo
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Post Re: Irish Republic offered loan of 'around £7bn' by UK
forquare1 wrote:
I presume it's got some crippling interest rate such that Ireland will pay something like 400% of it back?


Apparently interest rates are being “negotiated”.

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Mon Nov 22, 2010 11:52 am
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jonbwfc
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Post Re: Irish Republic offered loan of 'around £7bn' by UK
Quote:
'A generation ago, the very idea that a British politician would go to Ireland to see how to run an economy would have been laughable...Today things are different. Ireland stands as a shining example of the art of the possible in long-term economic policymaking, and that is why I am in Dublin: to listen and to learn...They have much to teach us, if only we are willing to learn'.

George Osborne, The Times, 2006.

We're [LIFTED], aren't we?

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Mon Nov 22, 2010 3:39 pm
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Amnesia10
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Post Re: Irish Republic offered loan of 'around £7bn' by UK
jonbwfc wrote:
Quote:
'A generation ago, the very idea that a British politician would go to Ireland to see how to run an economy would have been laughable...Today things are different. Ireland stands as a shining example of the art of the possible in long-term economic policymaking, and that is why I am in Dublin: to listen and to learn...They have much to teach us, if only we are willing to learn'.

George Osborne, The Times, 2006.

We're [LIFTED], aren't we?

Jon

Yes he seems clueless, maybe he should borrow the shadow chancellors economics for dummies book? ;)

Also right up till the crisis he was following Labour's spending plans so really cannot criticise them. :roll:

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Mon Nov 22, 2010 5:23 pm
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