Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
But waht about the loans to the irish government?


Loans actually extended to the Irish sovereign amount to less than 20 % of the total outstanding Irish sovereign debt. The remaining 80+ % are loans originally extended to Irish banks, which the Irish sovereign, in a fit of momentary insanity, decided to guarantee. That guarantee should never have happened, and simply telling all the hedge funds and foreign banks to go take a hike is the simplest way to reverse it at this point.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Feb 5th, 2011 at 12:56:41 AM EST
[ Parent ]

Others have rated this comment as follows:

melo 4
Carrie 4


Occasional Series