Why Ireland is not in the same boat as Greece

Greece has navigated difficult waters for Ireland and we are now on course to avoid their fate

2nd July, 2011

The fiscal crisis in Greece has intensified over the last few months.

Greece’s original €110 billion bailout package covered its financing needs for this year, but a large financing gap will open up next year unless it can regain access to capital markets.

However, with market sentiment towards Greece having deteriorated dramatically in the last few months, the possibility of Greece raising funds from capital markets has become highly unlikely at anything other...

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