Seanad debates
Wednesday, 27 June 2012
European Stability Mechanism Bill 2012: Committee and Remaining Stages
1:00 pm
John Gilroy (Labour)
They are right. If the Senator goes back to August of the year before last, he will find the secondary bond markets were charging Ireland interest of around 16%. That is true; the Senator can check it. Now the rate is 7%. The bond markets are clearly saying Ireland is doing something in the direction of-----
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