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250 million+ commitment to help Greece by Ireland

  • 01-04-2010 7:50pm
    #1
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭


    I guess this bit of news gone unnoticed in the last few days with all the banking shenanigans


    indo wrote:
    TAOISEACH Brian Cowen is set to pledge to loan anything up to €250m to Greece, as part of an EU financial bailout, despite the country's own budgetary difficulties.

    ...

    It is not clear how the Greek bailout will be divided up, but under one scenario being mentioned, the EU would loan €15bn to Greece, with another €10bn coming from the IMF.

    Based on Ireland making up 1.64pc of ECB capital, this would put Ireland's contribution at €246m -- if €15bn was the final figure..

    http://www.independent.ie/business/irish/cowen-set-to-pledge-euro250m-as-irelands-share-of-brussels-bailout-for-greece-2112501.html

    yep thats right we are not only bailing out the incompetent fools in this country we also have to send a bit to help Greece

    tho i suppose 250 million is nothing in this day and age when we throw dozens of billions and various black holes

    discuss


Comments

  • #2
    Liam Byrne
    Closed Accounts Posts: 18,163 ✭✭✭✭Liam Byrne


    Probably part of being in the EuroZone

    Plus it could be a form of insurance, because if FF don't cop themselves on we'll need something similar very soon, and we could hardly go begging if we'd refused to chip in on this.


  • #3
    partyatmygaff
    Registered Users, Registered Users 2 Posts: 10,992 ✭✭✭✭partyatmygaff


    €250m to help a country that's in just as bad trouble as us? Madness.


  • #4
    astrofool
    Registered Users, Registered Users 2 Posts: 17,321 ✭✭✭✭astrofool


    It's more symbolic than anything, we get far far far far more back from the EU.


  • #5
    ashleey
    Registered Users, Registered Users 2 Posts: 2,005 ✭✭✭ashleey


    Take it out of the money that's thrown at the farming lobby (discuss)


  • #6
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    ashleey wrote: »
    Take it out of the money that's thrown at the farming lobby (discuss)

    good one :D

    may I remind people that while our retirement age was raised to 68 its still 63 in Greece

    ;)


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  • #7
    hinault
    Registered Users, Registered Users 2 Posts: 5,932 ✭✭✭hinault


    We have to be seen to do something because we are EU members after all.


  • #8
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    hinault wrote: »
    We have to be seen to do something because we are EU members after all.

    that's all it amounts to me thinks, a show. and the markets are not falling for it

    interesting to note than an equal amount to the eu total would be provided by IMF

    while on one hand yes i think its great that states would help each other, on the other hand its unfair (yes that word) that they might get a bailout while not seriously addressing their issues (or even pretending to be addressing them, like Ireland is ;) )


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