Saturday June 6, 2020

Broadband anger, funding costs and the Maginot Line

The government must invest with the overarching goal of making a step-change in our development. There has never been a better or arguably more necessary time to take to take the bolder path

14th May, 2019
'Extraordinary' funding opportunity must be exploited. Pic: Getty

Among much else, the legendary economist John Maynard Keynes is rightly famed for his memorable phrase-making. One of his most enduring is ‘the euthanasia of the rentier’. In evocatively capturing the fate of the saver in a world of vanishingly low interest rates and bond yields, it has rarely been as apt.

Bond investors are now paying for the privilege of loaning money to the Irish government. Remarkably, the yield on the Irish...

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