Monday, November 22, 2010

Ireland Bailout

The second country to fall and need a bail out from the IMF/rest of Europe. Greece was understandable but Ireland makes the crisis seem a little worse.

Of course it should be no surprise, a housing boom fuelled by stupid lending - the writing was on the wall at the downturn.

Britain to aid in the bail out, probably sensible - but will not be overly popular at home.

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