How can ireland pay back bailout

Euro area countries made their loans through the euro bailout funds. Including the UK debt four of the six loans that made up the bailout package have now been repaid, including IMF loans that had carried interest costs far in excess of what Ireland could refinance them for from The Swedish and Danish loans were also repaid early.

It will be decades before those, now low interest loans, are repaid. Refinancing of older loans on the bond market and running the exchequer at a deficit for most of the past decade means the national debt has increased even as individual elements of the bailout were paid back.

Sites: TheJournal. My News. Personalise your news feed by choosing your favourite topics of interest. Create your own newsfeed. Irish News. Create my newsfeed. Open journalism No news is bad news Your contributions will help us continue to deliver the stories that are important to you. Newsletters Podcasts More. Weekly Podcast. The Explainer is a weekly podcast from TheJournal. Listen now wherever you get your podcasts. Newsletters : Sign Up. Partner Publications. The latest Irish and international sports news for readers and members.

A platform helping fund the type of in-depth journalism that the public wants to see. Short URL. About the author:. Ian Curran. See more articles by Ian Curran.

Contribute to this story: Leave a Comment. Send a Correction. Read next:. Embed this post. Digital Be informed with the essential news and opinion. Delivery to your home or office Monday to Saturday FT Weekend paper — a stimulating blend of news and lifestyle features ePaper access — the digital replica of the printed newspaper.

Team or Enterprise Premium FT. Pay based on use. Does my organisation subscribe? Group Subscription. Premium Digital access, plus: Convenient access for groups of users Integration with third party platforms and CRM systems Usage based pricing and volume discounts for multiple users Subscription management tools and usage reporting SAML-based single sign-on SSO Dedicated account and customer success teams.

Learn more and compare subscriptions content expands above.