PFM Board

PFM Marketplace => Have you seen this? => Topic started by: harnett on November 01, 2011, 17:23:55 GMT

Title: Irish State gains €3.6bn from 'error'
Post by: harnett on November 01, 2011, 17:23:55 GMT

Irish Debt Crisis?  This is the way to cut the deficit!!!!!!!!!!!  Just find 2.3% of GDP.

http://www.irishtimes.com/newspaper/breaking/2011/1101/breaking31.html

Title: Re: Irish State gains €3.6bn from 'error'
Post by: petagny on November 01, 2011, 18:39:52 GMT

The Germans did the same the other day. A euro 55 billion accounting error was discovered in the books of the 'bad bank' set up to hold lots of toxic assets. Equivalent to around 2.6% of GDP if I remember correctly.

Title: Re: Irish State gains €3.6bn from 'error'
Post by: harnett on November 02, 2011, 10:07:45 GMT

Let's hope the Greeks can manage the same in the next few days - I'm sure Goldman Sachs could find it!