http://www.fiannafail.ie/recoveryspreads This graph shows the cost of borrowing for Ireland and Greece. The cost of repaying our debt has fallen because the government has made the difficult but correct choices. If Ireland had gone the way of Greece, we could have expected to pay €3.6 billion more in interest over the next 10 years on the money we have had to borrow this year: dead money that we can now divert to much needed public services.