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Intra-eurosystem debts

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Intra-eurosystem debts. / Whittaker, John.
2011.

Research output: Other contribution

Harvard

Whittaker, J 2011, Intra-eurosystem debts..

APA

Whittaker, J. (2011, Mar 30). Intra-eurosystem debts.

Vancouver

Whittaker J. Intra-eurosystem debts. 2011.

Author

Whittaker, John. / Intra-eurosystem debts. 2011.

Bibtex

@misc{d9b89f00baa74669af7ea68e829469da,
title = "Intra-eurosystem debts",
abstract = "Germany is a reluctant supporter of the EU funds which are being used in the {\textquoteleft}bailout{\textquoteright} of Ireland, and it insists on strict {\textquoteleft}austerity{\textquoteright} conditions, concerned about risk and moral hazard. However, through its central bank, Germany is lending €325bn (December 2010) to other central banks in the eurosystem. The Central Bank of Ireland (CBI) has borrowed €146bn from the eurosystem in order to support its banks. This {\textquoteleft}bailout{\textquoteright} of Ireland via the eurosystem is larger than its official EU {\textquoteleft}bailout{\textquoteright} (€146bn as against €67bn) and much cheaper (1% interest as against 5.8%), but it exposes Germany to similar risks. ",
author = "John Whittaker",
year = "2011",
month = mar,
day = "30",
language = "English",
type = "Other",

}

RIS

TY - GEN

T1 - Intra-eurosystem debts

AU - Whittaker, John

PY - 2011/3/30

Y1 - 2011/3/30

N2 - Germany is a reluctant supporter of the EU funds which are being used in the ‘bailout’ of Ireland, and it insists on strict ‘austerity’ conditions, concerned about risk and moral hazard. However, through its central bank, Germany is lending €325bn (December 2010) to other central banks in the eurosystem. The Central Bank of Ireland (CBI) has borrowed €146bn from the eurosystem in order to support its banks. This ‘bailout’ of Ireland via the eurosystem is larger than its official EU ‘bailout’ (€146bn as against €67bn) and much cheaper (1% interest as against 5.8%), but it exposes Germany to similar risks.

AB - Germany is a reluctant supporter of the EU funds which are being used in the ‘bailout’ of Ireland, and it insists on strict ‘austerity’ conditions, concerned about risk and moral hazard. However, through its central bank, Germany is lending €325bn (December 2010) to other central banks in the eurosystem. The Central Bank of Ireland (CBI) has borrowed €146bn from the eurosystem in order to support its banks. This ‘bailout’ of Ireland via the eurosystem is larger than its official EU ‘bailout’ (€146bn as against €67bn) and much cheaper (1% interest as against 5.8%), but it exposes Germany to similar risks.

M3 - Other contribution

ER -