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THE INTERNATIONAL MONETARY FUND has approved the latest €3.9 billion batch of bailout loans for Ireland.
The release of the loans was approved at a meeting of the IMF’s board in Washington last night.
The IMF has already released around €9.15 billion in loans to Ireland since the bailout programme was agreed late last year.
The latest batch of funds is the largest single disbursement since the distribution of just under €6 billion in January of this year, the first instalment under the scheme.
Ireland has incurred around €128 million in charges and interest on its previous IMF borrowings.
The release of the cash comes a day after the European Commission signed off on its own latest batch of bailout lending to Ireland.
It yesterday released its fourth quarterly review of the financial assistance programme, which gave its blessing for the payment of €4.2 billion in bailout loans – bringing Ireland’s total borrowing from the Commission’s EFSM bailout vehicle to €18.1 billion.
The latest batch of Commission funding will be released in January, when another inspectorate of officials from the EU and IMF will visit in order to examine the impact of the 2012 Budget.
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RIP. Such a sad loss.
I’m taking it that comment was supposed to be sarcastic?
If not you should forget the romanticised film version and educate yourself as to the kind of person he really was.
No flies on you, eh?
Apologies Ruairi if I didn’t spot the obvious, but there will probably be many on here who believe the folk-hero robin hood guff.
The reality is that he was a career criminal from an early age for whom stealing horses and other livestock from his equally poor neighbours (Irish and otherwise) was just business as usual. He formed a ruthless personal vendetta against an (admittedly corrupt) police force and killed several of them in cold blood. He robbed several banks, but there is absolutely no evidence that he shared his ill-gotten gains with the wider community in any shape or form – the robin-hood label is totally misguided.
And all because his father allegedly stole two pigs.
There are two ways to rob a bank . First is the ned Kelly way go in with a gun and grab what you can ,,, then there is the new Irish was go in for a meeting with the the manager have a chat get a big loan ,,,, then don’t pay it back ,,,, blame everyone but your self ,,,, hide all the money you have in a different country and leave it for the Irish people to pay back ,,, so who is the biggest villain ?????
Doesn’t mean the lesser villain isn’t still a villain though….
ah lighten up he makes a good story
In 100 years time the murdering gangs of today could well be revered as folk heros. Sad thought.
Never mind in 100 years time. Sean Quinn is very popular in caven and within gaa. Micheal lowry is very popular in tipp. Mick Wallace is very popular in wexford. And even with some ppl having to hid there love for bertie his still got some support around the country. Just to.note I do not support any of the above.
If he was alive today he’d probably be holding up cash in transit vans or conducting tiger kidnappings. That’s the sort of lad we’re talking about. Don’t let the fact he was Irish fool you into thinking he was a good man.
He was a murdering thief, end of.
“IF”………………..”PROBABLY” ………..
It’s called the power of injustice, and injustice pays its price.
So Robin Hood must have been a villain too?
Very true !!!!!!
Robin hood was a thief ,, nothing else ,, the English just like to look up to him
have your say