Available to listen. Last broadcast yesterday, 20:00 on BBC Radio 4. Sunday, 21:00 on BBC Radio 4 How much will British taxpayers suffer from the fallout in Ireland? British banks such as RBS and Lloyds have large debts in the Republic, and are making decisions about which to call in, threatening more pain for local communities. Morland Sanders hears protests from small contractors in Donegal where Ulster Bank want to sell off a prestige residential development at rock bottom prices. This amid questions about the part British institutions actually played in fuelling the property market bubble. As the Irish government deals with the "toxic loans" of the Republic's banks, it's being estimated that 15% of them are in the UK. We explore how this will affect the businesses reliant on that borrowed money, and what will happen to those trophy assets such as Claridges, now 'owned' by the Republic's new holder of its toxic debts, NAMA. The Chancellor, George Osborne may have said the £3.2bn loan to Ireland was to support a friend in need, and protect British exports, but we report on the importance to British banks and British businesses of an economic recovery in Ireland. Producer: Ian Muir-Cochrane. Listen Live on BBC Radio 4 (Started at 20:30) In Business EURO ON THE ROCKS? Euroland slides into big trouble as the crisis spreads from one country to another. In this change to the advertised programme, Peter Day asks a panel of experts what's happening and why it matters. Producers: Caroline Bayley and Sandra Kanthal. George Magnus Gideon Rachman Frances Cairncross Graham Bishop Andre Sapir Hans-Olaf HenkelIreland's Toxic Tiger
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Euro on the Rocks?
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PETER DAY'S WEBCOMMENT
CONTRIBUTORS TO THIS PROGRAMME
Senior Economic Advisor UBS
Chief Foreign Affairs Commentator, Financial TImes
Rector, Exeter College, Oxford
Adviser on European Affairs
Senior Fellow at Bruegel Institute
Former head of BDI in Germany and former chief exec IBM Germany and EuropeBROADCASTS
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Thu 16 Dec 2010
20:00
Sun 19 Dec 2010
21:00
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