Banking Crisis

The Economist on Ireland

The Economist’s reflections on today’s announcements are to be found here.

2 replies on “The Economist on Ireland”

I note that, on the RTE news, the re-cap figure for AIB, is being quoted as “Three Billion”, but the graphic accompanying the story lists the amount “€3.7bn” !!!

Under generally accepted “rounding” principles, that would usually be rounded UP to €4bn !!! But, NOT today !!!!!

One nights interest accumulation on €700m @ the ECB Rate of 1.00% would sort out my financial situation !!!!!!!!!!!!!!!!! But, nevermind me, €700m is a very large number !!!!!

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