Priority now is to agree on a budget

After the dramatic banking announcements last week, the challenge facing the state has now crystallised. It is this: can we rebuild the confidence of the financial markets, so that the exchequer can raise funding at sustainable interest rates next Ja

2nd October, 2010

After the dramatic banking announcements last week, the challenge facing the state has now crystallised. It is this: can we rebuild the confidence of the financial markets, so that the exchequer can raise funding at sustainable interest rates next January?

A related question runs in parallel: can our banks meet the same challenge, and gradually wean themselves off their reliance on the European Central Bank?

Last week’s banking announcements were welcome, in so far as...

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