Seanie Bonds Debt Refinancing

YouKnowWhatIMeanLike

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Interest rates are low and government seems to be in good humor generally. You the taxpayer now has the pleasure to refinance the prom notes deal again to save a few quid here and there in transaction fees me thinks.

https://www.irishtimes.com/business/economy/ireland-to-repay-5-5bn-in-bailout-related-loans-1.3212780

first the IMF gets it money back with an early repayment of the debt and so will the Swedes and Danes. The Brits will have to wait for their moneys a little longer it seems without a penalty on you. So who is going to pick up the tab here? The ECB (aka Bundesbank) or the ESM? 5.5 bn doesn't look like a huge deal but is Europe ready to step in and become the exclusive owner or Irish debt here now?
 


Lumpy Talbot

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No
Fine Gael would never default on a debt owed to the crown. In fact they are probably reluctant to pay that loan back just because it has become a tie to the old country for them.
 


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