Thursday February 27, 2020

Repression economics pay off

Mario Draghi's policy of flooding the market with liquidity and keeping interest rates low is making Ireland a favourable option for investors, writes Jon Ihle.

13th January, 2013
The Central Bank and its European counterparts have pledged to continue policies of 'financial repression'. Photo: Tony O'Shea



In March 2011, the Central Bank told Bank of Ireland it had to raise €1 billion in 'buffer capital', on top of the €4.2 billion in equity the bank needed to satisfy the requirements of the prudential capital assessment review (PCAR) stress tests.

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