Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Ireland might have those problems as well, though. Ireland is special among the GIIPS in that the difference between trade and current accounts balance is driven mainly by repatriation of profits rather than debt service. This would not be made to go away by defaulting on external debt.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue May 1st, 2012 at 04:39:51 PM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series