July 9, 2018 / 10:32 AM / 7 months ago

Ireland should take advantage of chances to pay down debt - NTMA

DUBLIN (Reuters) - Ireland’s ability to absorb future shocks is limited by its elevated stock of debt meaning it should take advantage of opportunities to pay that down, including by selling bank shares, the head of the Irish debt agency said on Monday.

“While our debt ratios are improving, our total nominal debt is still rising as we continue to borrow to pay interest. This will limit our ability to absorb future shocks and therefore opportunities to pay down debt become even more important,” Conor O’Kelly told a news conference.

Reporting by Padraic Halpin; Editing by Robin Pomeroy

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