Thread: Exchequer may be running out of willing creditors
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Old 21st April 2009
kerrynorth kerrynorth is online now
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Location: KERRY
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Originally Posted by Outlander View Post
The offer on Thursday next is for bills maturing on 29 May 09, 31 July 09, and 30 Oct 09, each for about €500m. These look like loans from the Credit Union to pay the interest on the credit card...

Are they hoping that the magic dust will improve our ratings before October when they will have to commit to the big one?
Those bond issues Thursday could be used for the definition of 'what to do when you have run out of all other options'.
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