Saturday October 31, 2020

Ireland has a "limited safety margin", says central bank deputy

Ireland has a limited safety margin for maintaining debt sustainability and would benefit from a deal to reduce the cost of the bank bailout, said the deputy governor of the Central Bank.

14th January, 2013
With Ireland’s debt at a “high” level of 120 per cent of gross domestic product, “the safety margin is therefore minimal,” Stefan Gerlach said.

Ireland has a limited safety margin for maintaining debt sustainability and would benefit from a deal to reduce the cost of bailing out its banks, said Stefan Gerlach, deputy governor of the Central Bank.

Gerlach was speaking at a lecture in Berlin entitled ‘Ireland: From Crisis to Recovery’.

“Actions that would help reduce the sovereign-bank link and would improve debt sustainability could greatly enhance Irish prospects” of exiting its bailout program this year,...

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