Ireland Offers Bailout Lesson to Greece

March 4, 2015 Share Print 0

Greece – where the bailout program is the subject of continuing drama and debate – could learn a thing or two from Ireland, Europe’s poster-child for austerity and economic recovery, the country’s Prime Minister Enda Kenny told CNBC.

“For Greece, there’s a lesson from Ireland,” Irish Taoiseach Enda Kenny told CNBC Wednesday. “Obviously, we respect and understand the difficulties that apply in Greece from a humanitarian point of view…Greece needs time and space and Europe is giving Greece that time and space.”

Greece has dominated the headlines since its new left-wing government came to power in snap elections in January. The Syriza party promised to “tear-up” Greece’s long-standing bailout program and its unpopular austerity measures if it was elected.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.