Friday June 5, 2020

Credit line fudge not an option

The government needs to kill this story now, say what it intends to do and why. Don't let it fester any longer.

10th November, 2013
"There is a lot of old nonsense spoken about how markets ''hate uncertainty'' -- but there is an element of truth to it too."

Credit line fudge not an option

Someone needs to call this one - quickly. There is a lot of old nonsense spoken about how markets ''hate uncertainty'' - but there is an element of truth to it too. A few weeks ago, the government here and the EU Commission started to spin out lines about how Ireland could exit the bailout without a precautionary credit line. The reason for this was that they wanted to...

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