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What will it cost do you reckon?

squod · 2011-02-06 12:42:07

Listening to Eamon Dunphy today talking about the bailouts on the radio. One economist suggested the loans would cost aprox. one third of our tax take by 2015 and that borrowing would increase in the same period as our economy shrinks (due to these repayments). Can anyone guesstimate the final bill for all this. Seems as…

06-02-2011 12:42pm

#1

squod

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Listening to Eamon Dunphy today talking about the bailouts on the radio. One economist suggested the loans would cost aprox. one third of our tax take by 2015 and that borrowing would increase in the same period as our economy shrinks (due to these repayments).

Can anyone guesstimate the final bill for all this. Seems as if borrowing the ~€90bn is pointless considering the extra cash we'll likely need in the medium term just to make the payments. Shouldn't we just borrow more now?

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