Thursday 18 January 2018

Ailish O’Hora: Talks about exiting bailout welcome but let’s nail that bank debt deal first

NEWS today that the Government is discussing an exit from the €67.5bn EU/ECB/IMF bailout programme is welcome indeed.

But we need to be careful not to run before we can walk.

Bond yields are low, at under 5pc, but they are still much higher than the circa 3.5pc being paid on the bailout loans.

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