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Government Debt Reclassified as 14.3%

noodler · 2010-04-22 14:18:47

Due to eurostat deciding that the €4bn recapitalisation of Anglo should be counted as Government Debt since the money is unlikely to be ever returned (from what I can see). So a Government Deficit of 14.3% for 2009. http://www.irisheconomy.ie/ There comments from Whelan and Lane. Interesting. Of course the next question is…

22-04-2010 3:18pm

#1

noodler

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Due to eurostat deciding that the €4bn recapitalisation of Anglo should be counted as Government Debt since the money is unlikely to be ever returned (from what I can see). So a Government Deficit of 14.3% for 2009.

http://www.irisheconomy.ie/

There comments from Whelan and Lane. Interesting.

Of course the next question is how the further recpaitalisations of the institutions will be counted the same way.

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