Ireland needs interest rates on its long-term bonds to be nearly 4 per cent lower to sustain the current levels of national debt over the coming years, according to an analysis by Standard Life Investments (SLI), one of the biggest asset managers in the world.
According to Richard Batty, SLI's head of multi-asset investing, Ireland needs the cost of its borrowings to fall to 1.3 per cent to stabilise public debt and keep it from growing...
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