Unease forces debt costs higher
Aidan Corcoran, economist with Davy Research, said the continuing pressure on the cost of government borrowing reflects investor concern that the extent of the fiscal adjustment will endanger the Irish recovery.
“The provision of a target figure (of €15bn) with no detail was never likely to be a positive for markets, but should at least rule out the possibility of investors balking at the overall size of the adjustment when the detail is announced in the third week of November,” he said.
