I woke up this morning to the news that the Irish Government has guaranteed both the deposits of all Irish-owned banks, and all money borrowed by them from other financial institutions. This is reported as being €400 billion - that's a couple of times our entire GDP.
BTW, worth keeping an eye on move. It's different to what's being done (or, er, not done) in either the US or EU, so talk on the radio is that it could end up being a template for other countries if it works out.
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timeasmymeasure
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Date: 2008-09-30 07:57 am (UTC)BTW, worth keeping an eye on move. It's different to what's being done (or, er, not done) in either the US or EU, so talk on the radio is that it could end up being a template for other countries if it works out.