Markets
Markets react to Leo Varadkar resignation: Poor timing for Ireland as NTMA plots €1bn bond auction
The Irish stock market dipped briefly on Wednesday afternoon following Leo Varadkar’s shock resignation as Taoiseach
The resignation of Leo Varadkar as Taoiseach has been described as “poor timing” for Ireland’s economy, but bond and equity markets remained resilient immediately after the news.
“The political uncertainty arising from the resignation of Leo Varadkar as Taoiseach is poor timing with the domestic economy still struggling to find its feet after the cost-of-living crisis and the bear-vertical climb in interest rates,” Raj Badiani, economics director of Europe at S&P Global Market Intelligence, said.
