Does Anglo need 29 Billion in March?

[Schrodinger]

I might not have been paying great attention to the leaders debate but
I think Mr.Adams kept repeating a figure of 29 billion that Anglo required
in March.
(He said SF wouldn’t do it, everyone else skirted the question)

Where did he get this figure?

[yoganmahew]

@Braighni

I might not have been paying great attention to the leaders debate but
I think Mr.Adams kept repeating a figure of 29 billion that Anglo required
in March.
(He said SF wouldn’t do it, everyone else skirted the question)

Where did he get this figure?

It’s bullshit. Or rather he has a bullshit understanding of what’s going on.

PierceD was on about it more accurately - the capital on the 29bn Anglo promissory note starts to be paid in March. Some amount a year will be paid (2.9bn+). The money, at this stage, is basically promised to the Irish Central Bank (where the promissory note has been ELA’d).

[Schrodinger]

@yoganmahew

@Braighni

I might not have been paying great attention to the leaders debate but
I think Mr.Adams kept repeating a figure of 29 billion that Anglo required
in March.
(He said SF wouldn’t do it, everyone else skirted the question)

Where did he get this figure?

It’s bullshit. Or rather he has a bullshit understanding of what’s going on.

PierceD was on about it more accurately - the capital on the 29bn Anglo promissory note starts to be paid in March. Some amount a year will be paid (2.9bn+). The money, at this stage, is basically promised to the Irish Central Bank (where the promissory note has been ELA’d).

Ah, I should have copped that. Cheers Yogan.