Friday 9 December 2016

Borrowing will add to our woes

Published 17/06/2010 | 08:26

EVERY time the National Treasury Management Agency successfully borrows money on behalf of the taxpayer, by issuing new bonds, it is reported (Irish Independent June 16) as being "positive" for the country.

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By inference it is a reflection of approval by the free market for the policies being pursued by the Government.

However, nothing could be further from the truth.

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