Let’s pay Germans to do our borrowing for us

SHOULD NAMA contact their German counterparts to request them to include our borrowing requirements in their bond sales and offer them 1% over their costs for their assistance?

Thu, 23 Sep, 2010 - 01:00
Letters

This would save us in the region of €30m a year for every €1bn borrowed.

If NAMA detects any hesitancy from their German counterparts, remind them that we supplied food to their U-Boats via Ballybrannigan strand in Co Cork during World War II.

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