Logically Sinn Fein are right

Paulh3283 · 25-02-2011 07:04AM

Namloc1980 + Jimmycrackcorm

If you read the paragraph below taken from jimmycrackcorm's link it explains my point, Iceland defaulted on their debt and now have negotiated a better deal 3.0 percent interest and payment by 2046. How does our IMF/EU deal stack up against this!!!!!!!!!!!!!!

Under the new accord, Iceland would be able to repay through to 2046 at a 3.0 percent interest rate for the 1.3 billion euros it owes The Netherlands and at a 3.3 percent rate for the rest it owes Britain.
In the previous deal, rejected by 93.2 percent of voters, Iceland had to repay The Netherlands and Britain by 2024 at a 5.5 percent interest rate.

K-9 · 25-02-2011 02:20PM

Paulh3283 wrote: »

Namloc1980 + Jimmycrackcorm

If you read the paragraph below taken from jimmycrackcorm's link it explains my point, Iceland defaulted on their debt and now have negotiated a better deal 3.0 percent interest and payment by 2046. How does our IMF/EU deal stack up against this!!!!!!!!!!!!!!

Under the new accord, Iceland would be able to repay through to 2046 at a 3.0 percent interest rate for the 1.3 billion euros it owes The Netherlands and at a 3.3 percent rate for the rest it owes Britain.
In the previous deal, rejected by 93.2 percent of voters, Iceland had to repay The Netherlands and Britain by 2024 at a 5.5 percent interest rate.

The new Ice Save deal has to go to referendum and I wouldn't be surprise that's a no either!

A 3% rate until 2046, 35 years, doesn't sound great to me! Neither is ours but I wouldn't be looking for a 35 year, low interest mortage. We tried that here for houses and it didn't turn out great!

Logically Sinn Fein are right

Comments