Ireland faces two-year recession

By Edward Harrison On Jun 13, 2008

That’s what Sir Howard Davies, a former deputy governor of the Bank of England (BoE), has to say. Davies adds the usual list of suspects to suffer in the housing meltdown to Ireland: the UK, the U.S. and Spain. He believes the BoE and other central banks have moved the focus away from housing toward inflation and that means interest rates won’t come to the rescue in Ireland or the other bubble economies anytime soon.

Source
Ireland faces two-year recession, ex-central banker says, The Irish Independent, 13 Jun 2008

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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