Bank bailout cash to be used to fund the state

Savings on the projected cost of the bank bailout are likely to be used to bolster the government’s financial position and postpone a return to the bond markets.

14th May, 2011
Bank bailout cash to be used to fund the state
{ }

Savings on the projected cost of the bank bailout are likely to be used to bolster the government’s financial position and postpone a return to the bond markets.

The government believes that the banking bailout will cost some €10 billion to €11 billion less than the €35 billion provided in the EU/ IMF agreement.

According to sources familiar with the process, it wants to use these savings to improve the exchequer’s position and...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago