Terms of assistance for Ireland
I announced in the RTE that Ireland will receive 65 billion euros in aid from the EU and the IMF to finance the budget deficit and recapitalize banks.
Formal conditions for the aid package will be published next week.
The amount given by the Irish radio communications is different from Reuters, which said about 85 billion. At 12 Zerah, who would have instantly drawn attention to the first digit. The various news agencies are trying to make the administration of information and hence may result, such "minor" differences.
Suppose that the EU and the IMF provide loans of 65 billion. Today roughly estimated that Ireland is missing about 200 billion to maintain solvency.
This means that ECB will have to roll the credits for 130 billion, given Irish banks this year. If we add the 7 billion pounds of British loan, plus an unknown amount declared as the direct assistance of Sweden, a total of Ireland with its "nationalized" the banking system will get as much money as it does not. It seems that more surprises will be, although Greece had already been a precedent, which, after giving aid by the EU acknowledged that it gave false information.
And now to read more details
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