Irish bail out from the EU crumbling before our eyes!
The Wall Street Journal has the latest on the growing fiasco over Ireland's debts, read here.
The EU media seems silent on the matter, but Euro Group Finance Ministers meet next week and they are hardly likely to be able to maintain the pretence that an incoming Irish Government will stand by the original suicidal terms.
View the startling graphic from the link, actually supplied by the EU Commission, and showing the agreed bail out amount of €67.5 billion is merely half what is needed.
The EU media seems silent on the matter, but Euro Group Finance Ministers meet next week and they are hardly likely to be able to maintain the pretence that an incoming Irish Government will stand by the original suicidal terms.
View the startling graphic from the link, actually supplied by the EU Commission, and showing the agreed bail out amount of €67.5 billion is merely half what is needed.
Labels: Irish default
posted by Martin at 4:20 PM
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