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Ahearne Says Irish ‘in Trouble’ Without Growth, Independent Says

Oct. 9 (Bloomberg) -- 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.

To contact the reporter on this story: Joe Brennan in Dublin at jbrennan29@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

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