The absence of quantitative easing has delayed the recovery in Ireland and other eurozone periphery countries, according to Guy Monson, managing partner at the London-based asset management firm, Sarasin & Partners.

The Government’s recent 10-year bond issue was well received by international investors and the 4.15% yield offers a stable multi-year funding programme, says Guy Monson, managing partner of the Swiss private bank, Sarrasin.

The British government is proposing to change the remit of the Bank of England to herald in a new era of ‘monetary activism.’