According to the BBC, the Republic of Ireland’s finances are €3.6bn better off as a result of an accounting error. That’s the luck of the Irish for you! But then, when a country as small as Ireland can double count so much money is it any wonder they ended up needing an international bail out?
Given that the UK provided Ireland with a £3.2bn bilateral loan at the end of 2010, and contributed a further £2.6bn through the UK’s participation in the EU’s stability mechanism, surely Dublin will be falling over themselves to reduce their debt and show their good faith by sending this money back to the UK taxpayers who funded it. After all, friendship goes both ways.
No need for a grand ceremony or giant presentation cheque, a simple transfer of funds and a ‘thanks very much’ will suffice.