Spain is not Uganda!
Jun 20th 2012 | 12:44 am
#31
Not Banned (yet)
Joined: Aug 2008
Posts: 6,404
From: East Sussex
Re: Spain is not Uganda!
As always Stevie your optimism is to be admired.
By the way I wonder what you would consider to be a low interest rate ?
The present rate or anything close to it is clearly non-sustainable, so do you envisage a dramatic drop of several percent if Angie is as good as her word ?
By the way I wonder what you would consider to be a low interest rate ?
The present rate or anything close to it is clearly non-sustainable, so do you envisage a dramatic drop of several percent if Angie is as good as her word ?
The interest rate the Irish government is paying on its EU/IMF bailout loan has been reduced.
European leaders in Brussels agreed on Thursday evening to lower the rate from around 6% to between 3.5% and 4% as part of a wider EU debt deal.
European leaders in Brussels agreed on Thursday evening to lower the rate from around 6% to between 3.5% and 4% as part of a wider EU debt deal.
And as I put in my original message (the bit you left out) it's the majority of people who will pay the penalty. Hardly optimistic!
Meanwhile the cost to the rest of us will increase in terms of higher inflation and higher taxes (at the same time as cuts in services).
