Get Germany to sell our bonds
Published 22/09/2010 | 05:00
SHOULD NAMA contact its German counterpart to request that it includes our borrowing requirements in its bond sales and offer it one per cent over costs for its assistance? This would save us in the region of €30m per annum for every €1bn borrowed.
With the present borrowing requirements, I fail to understand why we are pumping €10bn a year overseas into pension funds which are failing to provide a return.