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Will International lenders downgrade Ireland after PFG ?

AntiPropertyTax · 2009-10-10 16:05:48

What do you think ? I'd say if the government are going to opt for more borrowing and water down any spending cuts (as they seem to be indicating in the PFG they have agreed with the Greens), then does that mean the International lenders and the ECB will downgrade Ireland's status ? Does that mean we are heading for debt…

10-10-2009 4:05pm

#1

AntiPropertyTax

Closed Accounts Posts: 26 ✭

Join Date: August 2009

Posts: 20

What do you think ? I'd say if the government are going to opt for more borrowing and water down any spending cuts (as they seem to be indicating in the PFG they have agreed with the Greens), then does that mean the International lenders and the ECB will downgrade Ireland's status ?

Does that mean we are heading for debt default ?

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Comments

#2 10-10-2009 4:58pm

Économiste Monétaire

Closed Accounts Posts: 2,208 ✭✭✭

Join Date: March 2008

Posts: 2015

Err, the ECB isn't a credit rating agency...

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