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Thu 12 Dec 2009Budget should lead to fall in borrowing costs, says Cowen
Ireland’s borrowing costs on international financial markets should be reduced because of the difficult measures taken in the Budget, Taoiseach Brian Cowen said this evening following his arrival in Brussels for the European Union summit.
Asked if he was confident that interest rates on Irish debt would fall, Mr Cowen said: “Yes, I am. Because the country has a borrowing requirement next year of €18.8 billion, the fact is that that is an important consideration.
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