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?

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.

With the present borrowing requirement, I fail to understand why we are pumping €10bn a year overseas into pension funds which are failing to provide a return.

Michael Terry

College Grove

Castleknock

Dublin 15