Tuesday 17 October 2017

Bailout exit gives us a chance to look forward

LIKE a savvy gambler, the Government is making the most of the cards it was dealt when it comes to exiting the bailout and returning to the debt markets next year. But as every savvy gambler also knows, there are always risks.

What can be said at this stage is that the Government played its hand well on whether to apply to the troika for a €10bn "overdraft", to be called upon if the risks materialise and Ireland again finds itself, as in 2010, unable to borrow at affordable interest rates.

By allowing the notion to be discussed over the past few weeks, it was possible to judge the markets' reaction in advance to a "clean" bailout exit with no overdraft.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Independent.ie Comments Facility

INM has taken the decision to remove the commenting facility on its online platform Independent.ie to minimise the legal risk to our business that arises from Ireland's draconian libel awards system.

We continue to look forward to receiving comments through direct email contact or via social media, some of which may still be featured on the website Independent.ie


Don't Miss