Sunday 11 December 2016

Brendan Keenan: Health service's grim status may hit us in the bond markets

Published 19/12/2013 | 02:30

Minister for Health James Reilly
Minister for Health James Reilly

THIS is not what you want to happen, three days after "celebrating" the exit from the bailout. It may seem a long way from medical cards for those with disability, to the sovereign debt trading desks in London and New York, but the two are now intimately, dangerously, connected.

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The immediate issue is, of course, the finances of the health service, and the impact that will have on patients.

Beyond that, however, is the impact on taxpayers, on economic growth, and on Ireland's credibility in the bond markets to which it has just returned. All three are threatened by the intractable problems in the health service.

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