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Thread: Rescheduling agreed on 20bn of EU loans

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    Politics.ie Member Shqiptar's Avatar
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    Default Rescheduling agreed on 20bn of EU loans

    Well, this looks like errrmm..... amazingly good news? The net effect of this deal is that we'll be borrowing 20bn euro less between 2015 and 2022. Thats a whopping 2.5bn euro less in austerity measures per annum. Now, I'm not one to over-egg the pudding when it comes being positive about our economic prospects but that's a huge weight off the national economy in the medium term.

    Repayments on €20bn of EU bailout loans set to be rescheduled
    Eagla agus eaglais: an bhfuil an fhréamh teangeolaíochta céanna acu?

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    Politics.ie Member Suttree's Avatar
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    Quote Originally Posted by Shqiptar View Post
    Well, this looks like errrmm..... amazingly good news? The net effect of this deal is that we'll be borrowing 20bn euro less between 2015 and 2022. Thats a whopping 2.5bn euro less in austerity measures per annum. Now, I'm not one to over-egg the pudding when it comes being positive about our economic prospects but that's a huge weight off the national economy in the medium term.

    Repayments on
    Don't trouble yourself, someone will be along to explain how this is the worst possible thing that could have happened us shortly.
    "To strive, to seek, to find, and not to yield."

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    Politics.ie Member Goa Tse's Avatar
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    In before the shills from the FinaGle Party!
    'I am not gay, although I wish I were, just to piss off homophobes.' - Kurt Cobain

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    Politics.ie Member Spanner Island's Avatar
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    It's good news alright... no doubt about that... and another kick in the face for the eFFing traitors who claimed none of this could be done...

    I wouldn't get too excited about it though... as a reduction in the amount you have to borrow isn't exactly like winning the lottery...

    There's still the current budget deficit out there and it still has to be closed...

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    Politics.ie Member Telemachus's Avatar
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    No someone will be along to make sure the "savings" are used to pad the arse of the public sector.
    ..the Irish nation can become other than white, by privileging the voices of the racialised and subverting state immigration but also integration policies. – Ronit Lentin

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    Politics.ie Member Dublin 4's Avatar
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    A relaunch of a rehash

    However, it is expected that the Government will still have to take over €3bn out of the budget in 2014 and over €2bn in budget 2015 in a bid to fix our finances.
    The new figures published tonight are a result of the bailout loan extensions agreed at last April’s Ecofin meeting of European finance ministers.


    Irish borrowings continue & continue

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    Where's the saving? We will continue to pay interest on this borrowing instead of paying interest on replacement loans.

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    Politics.ie Member Shqiptar's Avatar
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    Quote Originally Posted by Dublin 4 View Post
    The boy stood on the burning deck.....

    Eagla agus eaglais: an bhfuil an fhréamh teangeolaíochta céanna acu?

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    Politics.ie Member Dublin 4's Avatar
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    This was announced last April.

    RTE News ran it today immediately after the Crèche lead at Six One.

    Good work by government media staff.
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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