A credit rating downgrade usually makes borrowing more expensive for a country, and the interest rate demanded by investors to lend to Ireland rose. By lunchtime today, the yield on Irish 10-year bonds had climbed to 5.59%, around 3.4 percentage points above the German equivalent.
Right. Thanks.
In a way you could say Ireland Inc. is now Ireland (Very) Ltd.
Oh. Thanks
Don’t mention it.
