Ireland Offers Bailout Lesson to Greece

Greece – where the bailout program is the subject of continuing drama and debate – could learn a thing or two from Ireland, Europe’s poster-child for austerity and economic recovery, the country’s Prime Minister Enda Kenny told CNBC.

“For Greece, there’s a lesson from Ireland,” Irish Taoiseach Enda Kenny told CNBC Wednesday. “Obviously, we respect and understand the difficulties that apply in Greece from a humanitarian point of view…Greece needs time and space and Europe is giving Greece that time and space.”

Greece has dominated the headlines since its new left-wing government came to power in snap elections in January. The Syriza party promised to “tear-up” Greece’s long-standing bailout program and its unpopular austerity measures if it was elected.

via CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza