herald

Monday 23 April 2018

Warning on credit line

The Government has been warned that failure to sign up for a so-called precautionary credit line after the bailout could be a mistake. Goodbody Stockbrokers said not applying for the overdraft facility would be regretted, especially if next year's stress tests throw up the need for more capital to be injected into the State's banks. Influential financial newswire Bloomberg published an editorial urging the Government to apply for a credit line.

The Government has been warned that failure to sign up for a so-called precautionary credit line after the bailout could be a mistake. Goodbody Stockbrokers said not applying for the overdraft facility would be regretted, especially if next year's stress tests throw up the need for more capital to be injected into the State's banks. Influential financial newswire Bloomberg published an editorial urging the Government to apply for a credit line.

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