Ryan rejects economist’s claims on bank guarantee

Communications Minister Eamon Ryan is rejecting claims from an economist that Ireland still faces an economic doomsday because of the bank guarantee.

At the weekend, UCD Professor Morgan Kelly insisted it was a case of when and not if Ireland would go bust.

Professor Kelly - who predicted the property-fuelled economic crisis - said our debt ratio here is actually worse than Greece at the moment.

But Minister Ryan disagrees and insists we will be able to cope with the tough economic challenges that still face us,

He said that Ireland's debt legacy was still a problem but insisted that the country would be able to manage its way through it.