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Originally Posted by Kursk
What?
When?
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Since forever. It was a loan.
http://www.thejournal.ie/ireland-int...20288-Oct2013/
Quote:
IRELAND HAS PAID the British government over £67 million in interest eight tranches on money received as part of the bailout.
The loan was disbursed in eight tranches, with the last coming on 26 September. The final loan will mature on 26 March 2021, with the first set to mature on 15 April 2019.
Ireland will make interest repayments twice a year – on 15 June and 15 December- until the loans are paid off. As of the end of September, the country owes Britain £21.6 million in interest.
Ireland has yet to begin repaying the principal on the loan, with the full £3.2 billion outstanding.
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As of 2013 they were just paying the interest but over the course of the next 10 or so years they'll pay it all back.