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Republic of Ireland to get 'EU loan rate reduction'

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Republic of Ireland to get 'EU loan rate reduction'

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pcernie

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Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast

Republic of Ireland to get 'EU loan rate reduction'

http://www.bbc.co.uk/news/business-13321551

I hate the tax avoidance that gets mentioned there :evil:

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Sat May 07, 2011 2:29 pm

l3v1ck

What's a life?

Joined: Fri Apr 24, 2009 10:21 am
Posts: 12700
Location: The Right Side of the Pennines (metaphorically & geographically)

Re: Republic of Ireland to get 'EU loan rate reduction'

Does that affect our loan to them? After all we borrowed money to lend to them, and I doubt we'll be paying less.

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Sat May 07, 2011 3:40 pm

Amnesia10

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Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)

Re: Republic of Ireland to get 'EU loan rate reduction'

Chances are that they will have to default eventually anyway. The rate is almost irrelevant with the mess that their banks are in.

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Sat May 07, 2011 4:05 pm

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