When is a bailout not a bailout? Answer: when it’s a loan… - La Treizième Étoile: A blog on EU politics
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When is a bailout not a bailout? Answer: when it’s a loan…

Friday, 19 November 2010
The UK media have all week been talking about the EU-IMF package due to be presented to Ireland as a ‘bailout’ but let’s talk about it for what it is: a loan, and a vitally important one at that.

The Irish government have repeatedly denied they need financial help (and to some extent these denials are credible), but they only have the money to keep up with repayments on its colossal borrowing to finance its debt until next year and then what will happen? ...

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