The other two eurozone members being financed by international bailouts, Greece and Portugal, never formally left the bond markets and have continued to sell short-term securities maturing within three to 18 months by offering premium yields.
Finance Minister Michael Noonan has said Ireland hopes to gradually increase the cash value and duration of new Irish treasury bills and resume normal borrowing at rates below 5 percent by mid-2013.
For more than a decade Ireland's booming economy, dubbed the Celtic Tiger, recorded impressive government budget surpluses underpinned by cheap credit, soaring consumer spending and above all a galloping housing market.
[...] the party ended in 2008 as a global credit crunch exposed the massive gambles that Ireland's banks had taken in the property market.
Finance Minister Michael Noonan has said Ireland hopes to gradually increase the cash value and duration of new Irish treasury bills and resume normal borrowing at rates below 5 percent by mid-2013.
For more than a decade Ireland's booming economy, dubbed the Celtic Tiger, recorded impressive government budget surpluses underpinned by cheap credit, soaring consumer spending and above all a galloping housing market.
[...] the party ended in 2008 as a global credit crunch exposed the massive gambles that Ireland's banks had taken in the property market.
 |
| READ THE ORIGINAL POST AT www.sfgate.com |
