Reykjavik’s latest IMF cheque reduced its outstandstanding debt by $400.6 million (€326.66 million). This is tiny compared to Ireland’s mammoth repayment but still represents about 20 pent of Iceland’s IMF €2.1 billion debt. Thanks to repayments in 2012, Iceland’s remaining obligation to the IMF is $345.1 billion. “This outstanding balance is projected to be repaid during 2015-16,” said the IMF.
They only borrowed 2.1 billion, but the remaining obligation to the IMF is 345.1 billion – which they’ll somehow manage to pay back in a year.
Korma
Run out of L’s? I don’t get it, can someone explain please?
They’re making enough of a meal of this.
Isn’t sneering and sniggering great? I love it myself. Although I don’t have much time at the local Aldi/Lidl check out but loads at Dunnes.
omg ‘sneerly Christmas!
Kent Brockman: Sir, uh, why did you wait until the last minute to pay your taxes?
Krusty the Clown: Because I’m an idiot! Happy?
I’ve heard there’s not a potato to be found in Portarlington.
No carrots in Tralee.
In fairness to them, that’s how the (North Dublin I think) Lidl sprout supplier spells it on the packaging.
Great work everyone, take tomorrow off.
Happy smugness spellers
Just reading this –
Just a lidl error. What’s a couple of hundreds of billions here and there.
http://www.irishtimes.com/business/economy/the-difference-between-ireland-and-iceland-1.2046943
Reykjavik’s latest IMF cheque reduced its outstandstanding debt by $400.6 million (€326.66 million). This is tiny compared to Ireland’s mammoth repayment but still represents about 20 pent of Iceland’s IMF €2.1 billion debt. Thanks to repayments in 2012, Iceland’s remaining obligation to the IMF is $345.1 billion. “This outstanding balance is projected to be repaid during 2015-16,” said the IMF.
They only borrowed 2.1 billion, but the remaining obligation to the IMF is 345.1 billion – which they’ll somehow manage to pay back in a year.
Run out of L’s? I don’t get it, can someone explain please?