Phrase Of The Day: ‘Comfort Funding’

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The EU-IMF troika has raised the prospect of a new line of “comfort funding” for the Government to ensure there is no disruption to the public finances at the end of the bailout.

Under scrutiny in advance of the 10-day mission, which begins next Tuesday, is whether additional steps should be taken to ensure a smooth exit from the bailout in the autumn.

This question centres on the possibility of the troika providing a new line of credit to the Government as it attempts a full return to private debt markets.

More credit? Well, that’s comforting.

Troika raises possibility of ‘comfort funding’ (Arthur Beesley, Derek Scally, Irish Times)

(Pic: Laurent Gillieron/KEYSTONE, via Associated Press)

2 thoughts on “Phrase Of The Day: ‘Comfort Funding’

  1. Owen C

    Whats the alternative, we cut the budget deficit to zero tomorrow? You figured out how to do that without cutting things like carers grants, or raising taxes for low income workers, etc? Lemme know when you do, yeah?

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