- Jul 26, 2010
RTE now reporting that the interest rate will likely be 6.7%. Looks like we brought Pat Neary and Roddy Molloy out of retirement to negotiate on our behalf!
RTE news just reported that the bailout interest rate will be in the range 4.8% to 5.2% with repayment between 2014-2017
Good news if true.
RTE.ieThe Government's four year plan assumes that by 2014, interest payments will have increased from €2.5 billion to €8.4 billion a year - around one fifth of all tax revenue.
These figures do not include any borrowing that may be made for extra capital for the banks.
I think the OP misunderstood the News report where they stated that our current blended rate on the national debt is 4.5% and the Greek bailout was at 5.2%. He got his wires crossed methinks.
Rte defintiely said they are expexting the bailout/loan rate of interest to be anywhere between 4.8-5.2%I think the OP misunderstood the News report where they stated that our current blended rate on the national debt is 4.5% and the Greek bailout was at 5.2%. He got his wires crossed methinks.
+1If these idiots borrow one penny for those delinquent Banks I will only vote for a party that promises to default.
4.8% for money we never had any responsibility for in the first place. What a shower of imbeciles.
I don,t care what the interest rate is. The people of Ireland will never pay for the idiotically bad investments of German, French and British Banks.