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The Tánaiste and Minister for Foreign Affairs and Trade welcomes the results of the NTMA auction of €500m of Treasury Bill
'I warmly welcome the results of the NTMA Treasury Bills auction today. This is a small but significant step forward for Ireland on our path to economic recovery and shows the substantial progress the Government has made in restoring Ireland’s reputation abroad.
"Following the Yes vote in the Stability Treaty Referendum, and the successful outcome of the summit last week, conditions were right this week for Ireland to return to the Treasury Bills market.
"The results of the auction were particularly satisfactory, with the interest rate of 1.8% and the auction being over-subscribed by a ratio of 2.8.
The Irish people have made many sacrifices in recent years. This is one further sign that, as a country, we are making progress."