Can someone explain in simple english what the potential EU bailout means......(if it happens)
Is it a simple case that the EU will lend money to Ireland at a good interest rate ?
Or is it a case that the EU will directly lend money to the Irish banks to keep them solvent (with no impact on the national debt)
Does it have any impact on NAMA ? Will the funds be used to buy toxic assets off bank's balance sheets ?
Sorry about the dummy questions.
Is it a simple case that the EU will lend money to Ireland at a good interest rate ?
Or is it a case that the EU will directly lend money to the Irish banks to keep them solvent (with no impact on the national debt)
Does it have any impact on NAMA ? Will the funds be used to buy toxic assets off bank's balance sheets ?
Sorry about the dummy questions.