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Ireland's government should sell more bank shares in the world. Ireland still has all stakes in Allied Irish Banks and permanent tsb, and a 14% holding in Bank of Ireland, the only three domestic lenders to survive the euro zone's most costly bank a decade ago.
Dublin last offloaded shares a year ago, when it sold almost 30% of AIB for 3.4 trillion euros.The bank's shares are 9% up on the initial public price of 4.40 euros were more important in January.
"What I'm This year, "Conor O'Kelly told a news conference
is one of the most important factors in the history of the business cycle. ] "There are a lot of shares and they will be so This article is only available in the following languages. Relying on the investment markets can be difficult. "
While Ireland's debt-to-GDP ratio has almost halved to 68% since 2013, O'Kelly said investors were not interested in that measure" for obvious reasons. "
The role of Ireland's broad multi-national sector has been reduced to a large part of the economy. capital badets.
Instead O'Kelly said that with Ireland 's share of debt is rising and falling in the euro zone as a percentage of general government income, its ability to absorb future shocks would be limited. debt.
"We have to recognize you just as vulnerable."
Ireland is also exploring diversifying its fund raising o Greenies and hopes to make it start in that "very interesting space" in the next six to 12 months, O'Kelly added. (Reuters)
Source: www.businessworld.ie
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