Burden of Irish debt could yet eclipse that of Greece
IT IS no longer a question of whether Ireland will go bust, but when. Unlike Greece, our woes do not stem from government debt, but instead from the government’s open-ended guarantee to cover the losses of the banking system out of its citizens’ wallets.
Link:
http://www.irishtimes.com/newspaper/opinion/2010/0522/1224270888132.html?via=mr
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