Monday 16 January 2017

Cut in bailout rate will provide cold comfort

Published 11/04/2011 | 05:00

They say we will get a cut in the interest rate on our bailout next June. Aw shucks, I'm choked! It just might happen that my great-grandchildren will not be saddled with repaying Ireland's borrowings to bail out the gamblers.

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Perhaps that 'pain' will end with my grandchildren or, with tremendous effort, when my children are pensioners (without a pension as we raided that fund way back in their infancy).

This knowledge will undoubtedly be comforting during all the austerity budgets to come.

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