Bond sales helped Ireland’s
central bank to a record profit of 2.2 billion euros last year,
1.8 billion of which has been paid to the state to help cut a
national debt that stood at 94 percent of annual economic output
at the end of 2015.
The surplus income paid to the state has increased sharply
as a result of the government debt the central bank acquired
during the financial crisis, related chiefly to the liquidation
of the former Anglo Irish Bank.
It has been selling bonds linked to the liquidation at a
faster than expected pace which helped it return a then record
1.7 billion euros to the state in 2014, equivalent to around 1
percent of gross domestic product (GDP).
Ireland pledged to slowly feed the new bonds worth 25…
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