The interest bill on Ireland’s €200 billion debt fell to €7 billion last year from €7.5 billion… Conor O’Kelly said that the National Treasury Management Agency would not rush back to the bond market ROLLINGNEWSThe state agency that manages the government’s borrowing has warned that Ireland is vulnerable to sudden economic shocks because the level of national debt is still very high. “Whether it’s a well signposted event like Brexit or something that we can’t predict will happen, when you’re as indebted as Ireland still is and you’re dependent on external borrowers in particular for 90 per cent of your funding, you’re always vulnerable,” Conor O’Kelly, chief executive of the National Treasury Management Agency (NTMA), said yesterday.

Source: The Times July 14, 2016 23:26 UTC