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Ireland Default Predicted in Global Investor Poll

A majority of global investors predict Ireland will default on its sovereign debt, showing that weeks of efforts by the government of the onetime “Celtic Tiger” haven’t allayed concerns about its creditworthiness.

As the Irish government puts the finishing touches on a plan to find 15 billion euros ($20.5 billion) in savings, 51 percent of respondents in the latest Bloomberg Global Poll say they regard a default as likely, compared with 42 percent who say it is unlikely. The ranks of those anticipating an Irish default have tripled since a poll in June.