Citigroup’s Buiter criticises ‘indignities’ suffered by Ireland

Citigroup’s Buiter criticises ‘indignities’ suffered by Ireland

The chief economist of one of the largest banks in the world has lashed out against the pressure Ireland was put under to accept its 2010 bailout, saying that it was “morally equivalent to extortion”, and that Ireland should seek debt forgiveness for the “indignities” it has suffered.

Citigroup chief economist Willem Buiter told The Sunday Business Post that Ireland should definitely participate in a “debtors conference” if one were organised, due to the enormous drag...

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