Ireland could stay out of bond markets for three years

The EU and IMF will make enough funds available so Ireland does not have to borrow from the financial markets for the next three years, under a programme likely to be announced this week.

20th November, 2010
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The EU and IMF will make enough funds available so Ireland does not have to borrow from the financial markets for the next three years, under a programme likely to be announced this week.

The agreement may be framed to allow the government to borrow from the markets if conditions allow, but will make clear that otherwise money will be available from the EU/IMF fund. Brian Cowen’s official spokesman said that ‘‘Ireland was not in...

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