Post new topic Reply to topic  [ 3 posts ] 
Author Message
 Post subject: First €5bn of EU-IMF bailout due this week
PostPosted: Sun Jan 09, 2011 2:43 pm 
Offline
Nationalised
User avatar

Joined: Jul 26, 2009
Posts: 14892
First €5bn of EU-IMF bailout due next week - ARTHUR BEESLEY in Brussels and LAURA SLATTERY -> http://www.irishtimes.com/newspaper/bre ... king5.html

Quote:
The first €5 billion of Ireland’s EU-IMF bailout will be delivered to the Government next Wednesday after a positive reception in the markets to the European Commission’s inaugural bond issue under the rescue plan.
The Department of Finance yesterday confirmed that Government spending continued to significantly exceed tax revenues in 2010. The exchequer deficit stood at €18.7 billion at the end of the year, its data shows.
Michael McGrath, an assistant secretary at the department, said it had “notified our European and IMF colleagues” of the exchequer data yesterday “as a matter of courtesy”.
The figures show that tax receipts in 2010 were €700 million ahead of expectations at €31.75 billion, but down 3.9 per cent on the previous year, while Government spending of €46.4 billion was down 1.5 per cent compared to 2009.

there is more


Top
 Profile  
 
 Post subject: Re: First €5bn of EU-IMF bailout due this week
PostPosted: Sun Jan 09, 2011 5:36 pm 
Offline
Nationalised
User avatar

Joined: Jul 26, 2009
Posts: 14892
Soros Mistrusts EU Aid as Irish Default Risk Soars -> http://www.bloomberg.com/news/2011-01-0 ... redit.html

Quote:
Anticipating Default

“The market seems to be pricing in the possibility that Ireland may have to restructure its debt,” said Michiel de Bruin, who oversees about $35 billion as head of European government debt at F&C Netherlands in Amsterdam. “It’s something that cannot be excluded.”

Ireland agreed on the aid package with the European Union and the International Monetary Fund after borrowing costs soared because of increasing concern the cost of rescuing lenders, including Anglo Irish Bank Corp., would overwhelm the state. That followed Greece’s rescue in May as sovereign debt concerns wiped 6.5 percent off the euro’s value against the dollar in 2010.

there is more


Top
 Profile  
 
 Post subject: Re: First €5bn of EU-IMF bailout due this week
PostPosted: Sun Jan 09, 2011 8:19 pm 
Offline
Planning Tribunal Attendee

Joined: Jun 5, 2008
Posts: 1499
Can someone confirm when we have to start to paying back this.

Want to double check my own dates. thanks..

_________________
What condition was the property in for each of the properties you are saying the bottom is in for!


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 3 posts ] 


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Jump to:  

Click for Latest Posts LATEST POSTS Click for Forum List FORUMS   

Follow, Retweet @dailypinster

  

Pyramid Built, Is Better Built!