Ireland seems to be on the road to economic recovery, with falling government bond yields and credit ratings agencies raising their outlook for the economy. But in a guest commentary for Investment Europe, Rene Defossez, fixed-income strategist at Natixis, argues that these developments must be put into perspective. Austerity measures continue to leave imprints on the economy, and the country remains too closely tied to euro area risk. Before investors’ confidence can fully return, there needs to be further – and noticeable – improvements made.
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