Irish and British Economy

[starone]

How can Britain lend Ireland money if we haven't got any? Please someone tell this tiny mind.

[sandyRoe]

We'll borrow it. It's only 7 billion and as we owe so much it won't really matter that we're a bit deeper in debt.

[Buenchico]

Because we can borrow money at a low interest rate and then lend that money to Ireland at a higher one.

Scroll down to 'Update 1057' here:
http://www.bbc.co.uk/...porters/robertpeston/

Chris

[starone]

Thank you very much and especially Chico for the information from the bbc. At last I understand, but may I say, I knew someone would know the answer.