In this wide-ranging FT article, Ken Rogoff also advocates indexing debt to economic performance.
Author: Philip Lane
I give my views in this IT article.
The Department of Finance has released this paper.
Some of the economic and fiscal implications of today’s announcements are covered in this presentation.
The 2013 peak in public debt is upwardly revised from 103 percent to 111 percent of GDP (€10 billion of the €24 billion is funded from NPRF), in the scenario in which all of the extra capital comes from the State.
INVITATION
Discussion Forum
Wednesday, 6th April 2011
6.00pm for 6.30pm start – 8.30pm
VENUE
Cass Business School
106 Bunhill Row
London, EC1Y 8TZ
Banks, bondholders and risk- Ireland’s call
Can restructuring/burden-sharing lead to growth, investment, jobs?
Debt looms over every discussion about Ireland. Is public and private debt sustainable? Is it fair? Who pays? Who decides?
The practical question comes down to how to deal with debt so that the real economy – real businesses, real jobs, real livelihoods – have the best outcome, soonest.
No course of action is easy. Timing is critical, too. There are risks in every direction. Which is the best course? What is do-able, what will work?
Business for Ireland is hosting an open discussion forum focused on these practical questions. Key speakers to lead the discussion and stimulate participation will include:
Dermot O’Leary, Goodbody Stockbrokers, author of the influential analysis ‘Irish Debt Dynamics’ February 2011
Donal Donovan, former Deputy Director at the IMF, adjunct professor at the University of Limerick, visiting lecturer at Trinity College Dublin.
Brendan Keenan, Economics Editor, Independent Newspapers, Ireland’s leading economic journalist
The event will be chaired by Margaret Doyle, Columnist, Reuters BreakingViews.
Places are limited. Please RSVP to businessforireland@sky.com
Business For Ireland is a London-based group supporting economic growth in Ireland, bringing together business leaders and opinion shapers doing business in and with Ireland to discuss the prospects for the real economy in Ireland.