Payments to dud banks could top 30 percent of GDP in Ireland

1st October 2010, Comments 0 comments

The public spending deficit in Ireland could rise to 32 percent of GDP, if payments are made to three banks in a worst-case scenario, the Irish government announced 30 September. The total bill could rise to 50 billion. Ireland has already nationalized three main banks, and Anglo Irish Bank, the institution at the heart of ...

0 Comments To This Article