Carrot And Stick -Latest Thwack! Keep moving debt-donkeys. –
Ireland received a significant boost in its bid to seek an extension to the maturities of its bailout loans last night after finance ministers of the countries that share the euro currency backed the deal.
Yum. Tasty carrot.
While agreement has been reached in principle to extend the maturities, the scope and technical detail of how the extension of maturities will be implemented have yet to be worked out. If agreed by European finance ministers today, it will fall to the bailout troika to devise the technical details of the proposal.
Thwack! Keep moving debt-donkeys.
Posted on March 5, 2013, in buisiness, Government, IMF/ECB, International affairs, Ireland, politics, Uncategorized and tagged Banks, Carrot and stick, Eurogroup, Finance minister, Ireland, Irish, Irish News, Jeroen Dijsselbloem, Member state of the European Union, Michael Noonan, Olli Rehn. Bookmark the permalink. Leave a comment.