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Bailout Republic?
Government borrowing costs finish day at all-time high
THE COST OF BORROWING for the Irish government closed at an all-time high today, finishing above 7.3% for the first time since Ireland joined the Euro in 1999. The interest rate demanded by the world’s investors closed at 7.304% – the highest it has ever been, and well higher than the Greek rate when it required its own bailout in April. Here’s why you should care about the bond market chaos.
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