The money that Ireland needs for 2014:
€6.8bn– meet bond redemption- in other words to repay investors who loaned us money and whose loans have matured.
€9.6bn– to fund exchequer borrowing- to bridge the gap between spending and revenue next year for the State.
€0.5bn– to replace the bonds which the CB has to sell as part of the promissory note deal.
TOTAL €16.9 bn.
Where it might come from??
€10.7bn reducing the states cash pile which will be more than €20bn at the end of this year.
A bit more than €6bn to be raised???
Sunday Business Post 10/11/13
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