Thursday 8 December 2016

Government must not blow it with the national debt beast still looming large

Published 11/06/2015 | 02:30

Ministers Noonan and Howlin can’t afford to blow it.
Ministers Noonan and Howlin can’t afford to blow it.

Credit rating agency upgrades on Irish sovereign debt don't exactly make big headlines these days. They are seen as a bit of a "yawnfest"

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It wasn't like that when they were heading south. Every taxi driver in Dublin could tell you how far down the toilet Moody's had flushed Ireland's creditworthiness.

During the week Standard & Poor raised our rating to A+. Every little upward notch won from a credit rating agency today is worth money to the Irish exchequer - a lot of money over time.

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