Question for Emmet Oliver – When is one Euro not the same as another?

In Business Week in the Irish Indo, Emmet Oliver reports “Ireland
could become really addicted to the abilout cash”.

Emmet, it is remarkable that John Corrigan of the National Treasury
Management Agency would contemplate entering the bond market and
buying credit at 6 – 7% when credit is available from official sources
like the European Financial Stability Fund at 3.5% or thereabouts.

Michael Noonan and Enda kenny can say what they like about second
bailouts but my view is that they have a responsibility to get the
cheapest money possible.

Money is money. The people of Ireland are unlikely to get into a sweat
about where the money comes from once things are funded.