All this talk about a greek style bailout of Ireland....ironic that the first country in Europe to take the tough steps to address their budget issues is being punished by the market and having a tough time selling their bonds. The market is pocketing these cuts and saying we are not impressed. They have to present their budget numbers to the EU today, so has the luck of the Irish ran out and is the worlds most resilient country in trouble here.....looks like they are liquid until the middle of next year but after that they need to find a pot of gold quick....ironic release date on the below book with all this talk today
Seems the public anger and disgust with the government/business/media elites is at a boiling point and the current weak government will likely not survive to see these cuts through but don't have to call an election until 2012 but many feel it will come much sooner....just another sign that the credit crunch continues (as does my run on post) but there are now not as many crunches and we are climbing out of a big hole one month at a time....
http://www.amazon.com/When-Luck-Iris.../dp/0230102735
When the luck of the Irish ran out?
