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
Then €19.99 a month after the offer period.
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Team Pass
Get a Business Account for you and your team