INSIGHT-Ireland's bailout report: Good, now fix public debt

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By Sam Cage and Padraic Halpin DUBLIN (Reuters) - At the height of the euro zone's debt crisis in July 2011, Ireland's bailout looked doomed. Its credit rating had been cut to junk and borrowing costs hiked to an eye-watering 15 percent. Nonetheless, Bank of Ireland convinced a group of North American investors to part with 1.1 billion euros and help stave off a state takeover. It was an early sign that Ireland could do what was needed to turn itself around. ...




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