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Ireland Will Honor Its Debt Obligations on Time: John Bruton

The speculators who are betting that Ireland won’t pay its sovereign debts on time, and who are thereby driving up the spread on Irish bonds, will be proven wrong and will lose money.

All political parties have come together to accept that tough steps must be taken to bridge the gap between spending and revenue and to agree to reach a deficit of 3 percent of gross domestic product by 2014.