Debt costs soar as investors snub Ireland

The cost of insuring Ireland’s sovereign debt has touched new highs, amid rising nervousness internationally about Ireland’s financial outlook.

21st February, 2009

The cost of insuring Ireland’s sovereign debt has touched new highs, amid rising nervousness internationally about Ireland’s financial outlook.

The development makes it more expensive and difficult for the government to raise new loans. Negative sentiment towards Ireland may also affect Irish banks as they seek to raise funds on international markets to finance their ongoing operations.

The cost of insuring Irish government debt - through devices known as credit default...

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