Money in- Money out

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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