Ireland has had a remarkable recovery to the crisis and this has been broad-based across both export and domestic orientated sectors. Irish employment is approaching an all-time high9. There are over four hundred thousand more people in work than in the low of 2012. And wages are creeping upwards10.
Because they hold safer assets, government funds are less fragile. At the same time, some prime funds can still “break the buck” by suffering losses, or can put up “gates” that limit redemptions.