Sep 10
30
Euro Area: Irish Debt to Peak Above 120% of GDP
Posted by adminIreland’s central bank has put a EUR29.3bn (18% of GDP) price on bailing out Anglo Irish Bank in a base-case scenario, and EUR34bn (21% of GDP) under a worst-case scenario. These are huge numbers, but pretty much in line with expectations. S&P had estimated that losses could reach EUR35bn. But
