Greek bail-out mechanism agreed

nesf

http://www.economist.com/daily/news/displaystory.cfm?story_id=15795960&fsrc=nwl

A nice nasty hard to swallow bailout mechanism combining IMF and bilateral loans to come up with the cash with some German added extra nasty requirements to get the cash.

dlofnep

Ireland is paying out to the tune of a quarter of a billion.

http://www.independent.ie/business/irish/8364250m-is-taoiseachs-ballpark-figure-for-greek-rescue-2120412.html

As if we weren't broke as it is.

Scofflaw

dlofnep wrote: »

Ireland is paying out to the tune of a quarter of a billion.

http://www.independent.ie/business/irish/8364250m-is-taoiseachs-ballpark-figure-for-greek-rescue-2120412.html

As if we weren't broke as it is.

...and as if we weren't getting twice that in EU subsidies ourselves, plus very generous credit terms from the ECB.

cordially,
Scofflaw

evercloserunion

Scofflaw wrote: »

...and as if we weren't getting twice that in EU subsidies ourselves, plus very generous credit terms from the ECB.

cordially,
Scofflaw

...and as if refusing to help Greece and letting them go to the wall would be beneficial for us, Europe's other small, financially troubled nation.

dlofnep

Scofflaw wrote: »

...and as if we weren't getting twice that in EU subsidies ourselves, plus very generous credit terms from the ECB.

cordially,
Scofflaw

That wasn't my angle.

Do we actually have that much to even bail them out?

View

dlofnep wrote: »

That wasn't my angle.

Do we actually have that much to even bail them out?

Of course, we do!

Didn't we have enough to bail out Anglo-Irish (and all the other banks too)?

And, unlike Anglo, Greece might have some useful purpose for the ordinary tax-payer, even if it is only two weeks in the sun every few years.

sirromo

The ballpark figure of 250 million seems to be proportional to our share of the eurozone population. It would be interesting to know if the contribution made by other eurozone countries is similarly tied to their share of the population.

That would mean that Ireland's per capita contribution to the Greek bailout will be about the same as Germany's per capita contribution.