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From Ireland to Wales: Why Fiscal Credibility Matters
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From Ireland to Wales: Why Fiscal Credibility Matters
GUEST COLUMN:Dr Edward Thomas JonesSenior Lecturer in EconomicsThe Albert Gubay Business School, Bangor University The Irish government can currently borrow at around 3.4 per cent on ten-year debt. That compares with just over 5 per cent for the United Kingdom, while Austria and Finland also face higher ten-year borrowing costs. That is a striking reversal. Less than two decades ago, the collapse of the Celtic Tiger was followed by a banking cri…
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