Ireland faces two-year recession

| 13 June 2008 10:24

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

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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill 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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