Irish Yields Ignore Deficit Falling Below Italy’s

Irish Yields Ignore Deficit Falling Below Italy’s

Aidan Crawley/Bloomberg

Ireland has borrowed at preferential rates from its EU partners for the past 20 months, and market prices don’t reflect what it would pay if, like Italy, it had to fund itself in markets, said Guillaume Menuet, head of western European economic research at Citigroup Inc. in London.