Irish Economy: Morgan Stanley scenario analyses on Ireland’s fiscal sustainability; Legacy of banking crisis likely to be long-lasting if not permanent increase in net public indebtedness
Jul 24th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Economy: US investment bank Morgan Stanley on Thursday published scenario analyses investigating the sustainability of Ireland's public finances, motivated by the increase in indebtedness arising from the banking crisis and the recession. MS examined three alternative macroeconomic scenarios; special attention is given throughout to the interaction between the macroeconomic situation and the potential recovery on impaired banking sector assets. The MS report says the legacy of the banking crisis is likely to be a long-lasting, if not permanent, increase in net public indebtedness.