By Howard Schenider in Washington Post
In Europe’s grand battle over growth vs. austerity, has Ireland proved that austerity works?
The country successfully sold longer-term government bonds Wednesday, a sign that international investors regard its rebound as durable and that it will end its reliance on an international bailout program later this year. It would be the first euro-zone country to achieve that milestone. The economy is growing — slowly — despite a regional recession. Employment and foreign investment are rising.
Even as other European nations have considered slowing their drive to balance budgets so governments could borrow and spend more, Irish Prime Minister Enda Kenny has said the country will meet its promised European deficit targets in the next two years. In a telephone interview from Dublin, Kenny said the euro zone had been too often damaged by unmet goals for him to back off now.
“You call it…
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