Ireland ‘benefiting’ from Greek debt crisis

Ireland is surprisingly benefiting from the Greek debt crisis, with the weaker euro against its major UK and US trading partners instead providing a significant economic boost, experts say.

The claims come as the countdown continues towards Greece either failing to meet a significant debt repayment next week or striking a last-minute deal with its official creditors, the IMF and the EU.

But even if Greece were to repay the IMF a €302.8m loan by June 5, the hugely indebted country then faces a series of repayment demands through July 13 for more individual loans that date back to its original bailout in 2010.