Honohan Says Ireland to Return to Bond Market in 2011
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Irish central bank Governor Patrick Honohan said he’s convinced the country will be able to return to bond markets in 2011 as the government steps up austerity measures to lower the budget deficit and restore investor confidence.
“There is no reason why Ireland shouldn’t be able to go back to bond markets next year,” Honohan, who also sits on the European Central Bank’s 22-member Governing Council, told Bloomberg Television in an interview in Dublin yesterday. “It takes time for markets to be reassured. It takes more than calming words from me or others.”