REGISTER NOW!! Why? Because you can't do much without having been registered!

At the moment you have limited access to view all discussions - and most importantly, you haven't joined our community. What are you waiting for? Registration is fast, simple and absolutely free so please, join Join Talking Horses here!

Reply to thread

Message

Look at what I wrote second time round (albeit the posts might have crossed over)

It was lent at 0.17% above gilts (considerably less than anything Ireland was being offered at the time by the markets) it was by far and a way the best deal than anyone cobbling together rescue packages for the Irish put on the table

George Osborne later reduced that interest rate to British gilts and no interest at all. In that regard it would have been a poor deal in that we could have lent at a commercial rate elsewhere. A Belgian bond was about 4.5% at the time for example

Not a single British business during this period (other banks through QE) was given these kind of terms. British business was typically being charged 6% commercial rate many of whom weren't rated as junk

[QUOTE="Warbler, post: 2469969, member: 65228"] Look at what I wrote second time round (albeit the posts might have crossed over) It was lent at 0.17% above gilts (considerably less than anything Ireland was being offered at the time by the markets) it was by far and a way the best deal than anyone cobbling together rescue packages for the Irish put on the table George Osborne later reduced that interest rate to British gilts and no interest at all. In that regard it would have been a poor deal in that we could have lent at a commercial rate elsewhere. A Belgian bond was about 4.5% at the time for example Not a single British business during this period (other banks through QE) was given these kind of terms. British business was typically being charged 6% commercial rate many of whom weren't rated as junk [/QUOTE]

Verification: 5 + 3 = ?