End of Irish Love Affair With Europe May Hurt Bonds: Euro Credit
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Ireland is falling out of love with Europe, and the consequences may be costly.
The country is preparing to vote for a fifth time in 11 years on a European Union treaty. Unlike previous referendums, an Irish rejection of the euro region’s latest financial agreement wouldn’t veto the deal for the rest of Europe. For Ireland, it may spell rising bond yields, tougher access to money and questions over its euro status.