Irish Premier Enda Kenny has announced his country will exit its bailout programme in December.
When he took office in 2011, Ireland’s budget deficit was over 30 percent of GDP. Narrowing it to projections of 7.3 percent this year and 4.8 percent next, Kenny has restored market confidence in Dublin’s ability to sort out its long-term debts.
Investors are again willing to buy Irish bonds, raising funds and lowering borrowing costs.
In mid-2011, interest on Irish debt stood ...
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Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.