Ireland’s credit rating was restored to investment grade by Moody’s Investors Service after the country became the first to exit a euro-region bailout since the debt crisis erupted in 2009.
Ireland started selling a 10-year bond, marking its return to debt markets after exiting its international bailout last month, according to people familiar with the matter.
Ireland’s economy will shrink at the fastest pace in the country’s history this year as unemployment rises and consumers reduce spending, according to Goodbody Stockbrokers.
As Irish ministers promote the nation’s economic revival on St. Patrick’s Day after selling bonds this week, there’s one topic to avoid: debt.
In Ireland’s Finance Ministry, officials are engineering a maneuver that may make the difference between default and financial survival.
Residents of the south Dublin suburb of Rathgar received the kind of letter recently that hasn’t been seen since the property bubble burst six years ago.
On Ireland’s emptiest major shopping street, butcher Keith Clarke is mourning a loss of business.
Economic sovereignty is coming at a price for Ireland as borrowing costs in the bond market exceed the interest on bailout loans and Germany signals resistance to helping reduce the bill for rescuing its banks.
Irish Central Bank Deputy Governor Matthew Elderfield, who presided over the overhaul of the nation’s failed banking system, will depart in six months.
Ireland’s most powerful labor union rejected the latest round of proposed public sector pay cuts, leaving the government’s plans to save over 1 billion euros ($1.3 billion) facing defeat.