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Rescheduling agreed on 20bn of EU loans


Shqiptar

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Mar 18, 2012
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Well, this looks like errrmm..... amazingly good news? The net effect of this deal is that we'll be borrowing 20bn euro less between 2015 and 2022. Thats a whopping 2.5bn euro less in austerity measures per annum. Now, I'm not one to over-egg the pudding when it comes being positive about our economic prospects but that's a huge weight off the national economy in the medium term.

Repayments on €20bn of EU bailout loans set to be rescheduled
 

Suttree

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Nov 7, 2011
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Well, this looks like errrmm..... amazingly good news? The net effect of this deal is that we'll be borrowing 20bn euro less between 2015 and 2022. Thats a whopping 2.5bn euro less in austerity measures per annum. Now, I'm not one to over-egg the pudding when it comes being positive about our economic prospects but that's a huge weight off the national economy in the medium term.

Repayments on
Don't trouble yourself, someone will be along to explain how this is the worst possible thing that could have happened us shortly.
 

Goa Tse

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In before the shills from the FinaGle Party! :cool:
 

Spanner Island

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Feb 22, 2011
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It's good news alright... no doubt about that... and another kick in the face for the eFFing traitors who claimed none of this could be done...

I wouldn't get too excited about it though... as a reduction in the amount you have to borrow isn't exactly like winning the lottery...

There's still the current budget deficit out there and it still has to be closed...
 

Telemachus

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No someone will be along to make sure the "savings" are used to pad the arse of the public sector.
 

Dublin 4

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Feb 6, 2011
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A relaunch of a rehash


However, it is expected that the Government will still have to take over €3bn out of the budget in 2014 and over €2bn in budget 2015 in a bid to fix our finances.
The new figures published tonight are a result of the bailout loan extensions agreed at last April’s Ecofin meeting of European finance ministers.


Irish borrowings continue & continue
 
D

Deleted member 17573

Where's the saving? We will continue to pay interest on this borrowing instead of paying interest on replacement loans.
 

He3

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This was announced last April.

RTE News ran it today immediately after the Crèche lead at Six One.

Good work by government media staff.
 

Thac0man

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It's good news alright... no doubt about that... and another kick in the face for the eFFing traitors who claimed none of this could be done...
I'll take it. My hope would be that we now sit tight and wait for a round of debt forgivness, fingers crossed. Sadly though it is a fact, as you highlight, that some in Irish politics will greet any hopeful development with dismay and even outrage. I suppose thats because they are on course have spent the entire crises twiddling their thumbs, blowing bubbles and hot air, and failing entirely to do anything that is of benefit to our nation.
 

sport02

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This was announced last April.

RTE News ran it today immediately after the Crèche lead at Six One.

Good work by government media staff.
If this is indeed old news, fairly cynical move by RTE.
 

Shqiptar

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Mar 18, 2012
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Of course, it would also be a non-event if the deal had been shot down? Wouldn't it, lads? Because that's the corollary of what the sceptics are saying. If Noonan was announcing "no deal", ye'd all be in here saying "S'alright. No biggie." :)
 

Marcos the black

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Feb 3, 2009
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Of course, it would also be a non-event if the deal had been shot down? Wouldn't it, lads? Because that's the corollary of what the sceptics are saying. If Noonan was announcing "no deal", ye'd all be in here saying "S'alright. No biggie." :)
No one does faux outrage like the FF crew... They're horrified by anything they didn't come up with.. Remember the Anglo-Irish Agreement, for example...
 
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