Saturday, November 27, 2010

Irish to pay EU 6.7% interest - 1.5% more than the Greeks!

The report is in the Irish Independent, linked here.

Small wonder the Portuguese are now vigourously denying they want EU help, their Finance Minister farcically proclaiming that nobody can force his country to accept a bail-out only one week after insisting the Irish MUST do just that.

At this rate of escalation of rates Portugal will presumably be charged another 1.5% at 8.2% and Spain will be pushing up towards 10%.

Nice club the EU was it not? The EU bill was always bound to be enormous once it became due, what will the final cost to bankrupt Britain be I wonder?



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