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Author Topic: WTF  (Read 523 times)
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Cricky
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« Reply #30 on: December 01, 2010, 09:19:16 PM »
Was talking to a guy in work today about the bailout and he was saying that the money the government is loaning to Ireland is being borrowed from somewhere else at a lower rate.  Is this right?  Sounds a bit strange to me.  Couldn't Ireland just borrow the money themselves from the original source if this was the case?
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gi joe
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« Reply #31 on: December 01, 2010, 10:31:17 PM »
Possibly not.  The other place might considering them to be too high a risk.
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Cricky
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« Reply #32 on: December 01, 2010, 10:41:11 PM »
Ah I see.  So they might be acting as middle men for the loan then.  I was wondering where they were coming up with the money bearing in mind all the cuts.
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Humbug Monkee
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« Reply #33 on: December 02, 2010, 12:43:03 AM »
Quote from: gi joe on December 01, 2010, 10:31:17 PM
Possibly not.  China might consider them to be too high a risk.



Fixed.
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