Monday, 29 November 2010

Ireland, a nice little earner

So the deal is done. Ireland will be borrowing €85bn from a number of sources, including the UK and Germany and her own pension funds.

Ireland will be paying 5.8% interest on the loan. The UK will be borrowing to fund our €7bn share of the loan, at 3.34%. The Germans will be borrowing at 2.74%.

Nice!

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