Councils forced to revise €136m of loan deals

Struggling local authorities had to renegotiate more than €136m worth of loans last year as they worked to cope with boom-time debts.

Councils forced to revise €136m of loan deals
Thu, 12 Jun, 2014 - 01:00
Conor Ryan

The figures represented an increase of €104m on the value of similar deals threshed out in 2012.

The arrangements were made with the Housing Finance Agency, which has €4.3bn worth of loans to local authorities on its books.

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