Ire­land may move to lower in­ter­est rates

Kathimerini English - - Business & Finance -

Ire­land may try to re­struc­ture its debt to lower in­ter­est pay­ments or ex­tend the ma­tu­rity on its bor­row­ings as the econ­omy con­tracts again this year, ac­cord­ing to Ernst & Young. The gov­ern­ment prob­a­bly will re­pay its debt and in­vestors aren’t likely to lose any of their prin­ci­pal, a move that would im­ply a de­fault, said Neil Gib­son, a Belfast-based econ­o­mist with the fi­nan­cialser­vices and ad­vi­sory firm. “Ire­land is not Greece or Por­tu­gal,” he said yes­ter­day by tele­phone. “Ire­land has a gen­uine

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