Ireland’s debt is sustainable if “the economy grows as forecast,” the Sunday Independent cited Alan Ahearne, who was an economic adviser to former Irish Finance Minister Brian Lenihan, as saying in an interview.
“This economy desperately needs growth,” Ahearne, a lecturer at National University of Ireland, Galway, and a former Federal Reserve Economist, said, according to the newspaper. “If we don’t get growth around Europe, all bets are off, we’re in trouble.”
If Ireland misses economic growth forecasts, its debt will fail the sustainability test, the Sunday Independent cited Ahearne as saying.
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