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The coalition is desperate to avoid causing offence. But timidity might not be as profitable as it thinks

1st February, 2015
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A few weeks into the current government’s term of office, back in the spring of 2011, a senior official in the Taoiseach’s department was asked to go to a meeting with a visiting American businessman.

He later learned that the businessman was Michael Hasenstab of Templeton Global Bond Fund, one of the largest investors in government bonds in the world.

Such visits by potential investors, with open access to key economic and...

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