| 13.9°C Dublin

Close

Premium


NTMA and ECB buy us some time on national debt. Let’s use it wisely

Richard Curran


Close

President of the European Central Bank Christine Lagarde

President of the European Central Bank Christine Lagarde

President of the European Central Bank Christine Lagarde

Things got a bit wobbly on the sovereign debt front last week as the European Central Bank called an emergency meeting. The cost of Italian 10-year debt had rocketed up to above 4pc at worrying speed.

Our own national debt is no mere trifle, running at around 106pc of Gross National Income (GNI) – the measure of economic activity preferred by the State instead of GDP.


Most Watched





Privacy