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Thread: Dublin to launch fresh Anglo Irish bail-out

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    Politics.ie Member Dreaded_Estate's Avatar
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    Default Dublin to launch fresh Anglo Irish bail-out

    FT.com / Europe - Dublin to launch fresh Anglo Irish bail-out

    Looks like another €5bn will be needed for Anglo

    Ireland will on Thursday unveil a fresh taxpayer-funded recapitalisation of Anglo Irish Bank, the institution at the centre of the country’s property meltdown, amid rising alarm in the markets over the country’s financial health.

    Ireland’s cost of borrowing on Tuesday hit record levels with yields on 10-year government bonds jumping 25 basis points to 6.72 per cent.

    The Irish Central Bank’s additional capital injection is expected to be about €5bn. That would bring the bail-out costs for Anglo Irish to €30bn, shy of the €35bn forecast by credit rating agency Standard & Poor’s.

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    Politics.ie Member spidermom's Avatar
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    SIGH...SIGH...SIGH....ara sure whats another 5 billion..!!..
    When a man sits with a pretty girl for an hour, it seems like a minute. But let him sit on a hot stove for a minute and it's longer than any hour. That's relativity.

    ALBERT EINSTEIN

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    Politics.ie Member flavirostris's Avatar
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    I just heard this reported on the British BBC Radio 4 News. Ireland dosen't often make it on to the Radio 4 News, so people are watching this closely.
    The UK is borrowing at about 3%

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    Politics.ie Member RightCentreLeft's Avatar
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    AGHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH


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    lenihen assured us there would be no more and rediculed others who suggested it would be close to 30 billion

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    Quote Originally Posted by spidermom View Post
    SIGH...SIGH...SIGH....ara sure whats another 5 billion..!!..
    Whatever the final figure they produce can we really believe them?

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    One day this stuff is really going to sink in

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    Politics.ie Member Simbo67's Avatar
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    Jesus Christ, this is just bloody madness, there is absolutely no benefit in terms of perception internationally. Jesus, its so sad.

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    Quote Originally Posted by flavirostris View Post
    I just heard this reported on the British BBC Radio 4 News. Ireland dosen't often make it on to the Radio 4 News, so people are watching this closely.
    The UK is borrowing at about 3%
    BBC Radio 4 have been providing a huge amount of coverage to the Irish situation over the past 6 months, most of it far better than the coverage provided here.

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    Politics.ie Member Mitsui2's Avatar
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    Quote Originally Posted by johnfás View Post
    BBC Radio 4 have been providing a huge amount of coverage to the Irish situation over the past 6 months, most of it far better than the coverage provided here.
    ...although that almost amounts to damning with faint praise

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