Friday September 18, 2020

Ireland will require second bailout says Buiter

Ireland, along with Portugal, will require a further international bailout, according to a group of influential economists based at Citigroup in London.

24th May, 2012
Willem Buiter.

Ireland, along with Portugal, will require a further international bailout, according to a group of influential economists based at Citigroup in London.

The economists, led by London-based Willem Buiter, wrote in an investor report published yesterday that financial-market support will also be needed for the Spanish and Italian governments.

The report predicted that the European Central Bank will step up measures to tackle Europe’s debt crisis in the third quarter, before a probable Greek exit...

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