StatusIreland

In total, €27,200,000,000 (€27.2 bn) in bad loans has been taken from banks and put into NAMA. NAMA in turn paid €13,000,000,000 (€13 bn) for these loans. That is a total discount so far of 52.3%.

The banks are Allied Irish Banks, Bank of Ireland, EBS Building Society, Irish Nationwide Building
Society and the worst of the worst Anglo Irish Bank. €11,900,000,000 (€11.9 bn) of the €27.2 bn belongs to Anglo. Separately, Anglo will be receiving a total of €24,500,000,000 (€24.5bn) in recapitalisation from the Irish state.

The total tax revenue in Ireland for 2009 was €33,043,000,000. The budget for the Irish health system is €14,830,000,000. The budget for education and science for 2010 is €8,888,000,000.

Ireland’s national debt stands at around €87,000,000,000. In order to just service this debt we will need to spend around the same as we spend on education.

Finance, ireland Allied Irish Banks, Anglo Irish Bank, bank of ireland, budget, EBS Building Society, education and science, Irish Nationwide Building Society, l tax revenue, nama, National debt

Daft.ie today came out with there (as always) interesting quarterly report. At the same time the Bank of Ireland have announced some sort of cheap mortgage scheme using €1 billion of tax payers money. To be honest the details are not even worth reading. People should not be buying houses now.

They should be renting:

Finance, Property, ireland bank of ireland, daft.ie, housing, mortgage, Property, tax