- Oct 26, 2006
BUSINESS WORLD - Irish banks borrow E119bn from the ECBIrish based banks and other financial institutions raised their borrowings from the European Central Bank by 25pc in just under a month to a total of E119.1 billion, the Central Bank said today.
There you have it, we are definitely going the wrong way. Where will the money come from to repay this? 25% increase in borrowing in September.