DUBLIN--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases a macro-market commentary, “Ireland’s Politics Assist Stable Macro Policies.” Ireland stands out prominently among its peer group of advanced economy sovereigns for several reasons – competitiveness and dynamism amongst them – but policy continuity and coherence are also similarly remarkable and distinguishable. The report discusses how Ireland’s recent economic crisis did have an impact on political stability; it decimated the incumbent Fianna Fáil party, resulting in a changeover of power to a Fine Gael-led coalition, followed later by a Fine Gael-led minority government. However, the overall policy stance regarding key issues – including some critical to sovereign credit analysis such as fiscal policy, European integration, and international affairs -- has remained largely unchanged. This macro-market comment discusses how historical and country specific factors have played a key role in the evolution of a harmonised and stable policy agenda in Ireland.
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