Failure will hasten the IMF’s arrival to our shores

ON Tuesday, Ireland once again featured on the front page of the esteemed Financial Times, and once again for all of the wrong reasons.

This week the story concerned the sharp rise in Government bond yields in Ireland and Portugal.

The reasons cited for the latest upward spike in Irish bond yields was that the EU agreement last week would mean that investors would have to take a greater share of losses in future state bailouts.