Ireland’s debt costs soar
Ireland achieved its funding target for 2010 on Tuesday after strong demand from investors in an auction for four- and eight-year notes. However, the high price demanded for holding Irish paper could have a longer-term impact on economic stability, analysts warned.
The National Treasury Management Agency (NTMA), which manages the assets and liabilities of Ireland's government, said it met its target of raising €1.5 billion ($1.97 billion) in an auction on Tuesday. However, the cost of raising
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