Friday February 21, 2020

Ireland still faces sovereign debt risk

Ireland still faces a high risk of having to restructure and haircut its sovereign debt, despite successful implementation of austerity and help from the EU and IMF, one of the world’s top economists has said.

25th June, 2011

Ireland still faces a high risk of having to restructure and haircut its sovereign debt, despite successful implementation of austerity and help from the EU and IMF, one of the world’s top economists has said.

Willem Buiter, chief economist of Citigroup and a former member of the Bank of England’s monetary policy committee, warned the bank’s clients last week that he expected Ireland and Portugal would eventually join Greece in having to default...

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