The cost of the banking guarantee
The Government says that the amount involved being guaranteed is €400bn. The current standard rate for interbank credit default swap insurance for the Irish banks ranges from 2% to 3.2% (as of last April). So, this guarantee is worth at least €8bn per annum to the Irish banks (or a maximum of €12.8bn). The four [...]
October 5th, 2008 at
11:34 in
Politics (Ireland) | tags: aib, anglo irish bank, bailout, bank of ireland, banking crisis, credit crunch, ebs, irish life and permanent, irish nationwide, irish politics, Politics (Ireland) |
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