I gave a brief interview for the Cork News newspaper on the recently released county income statements for 2009. Focusing specifically on the Cork area. The article can be viewed here.
Ireland issued its first new bonds since September 2010. They were offered to existing bondholders, who held government bonds which were due for payment. The new bonds are repayable in three years time. The total value of the issue was €3.5 billion at a rate of 5.2%. This is positive news for Ireland as it shows that investors are willing to hold Irish bonds. Ireland is the first of the three countries (Ireland, Greece and Portugal) to re-issue bonds with this level of maturity following IMF-EU bailouts.
I took part in an interview with Kevin Purcell from UTV radio today in which I discuss the latest meeting of EU Finance Ministers and the restructuring of the Greek Debt. The interview will be broadcast on news shows on a number of local radio stations.
I gave an interview today with UTV radio on the most recent visit by the IMF/EU relating to Ireland's recent budget and the progress being made on reducing the government deficit and achieving the debt targets previously established. The interview will feature on a number of local radio stations around the country.
Justin Doran is a Lecturer in Economics, in the Department of Economics, University College Cork, Ireland.