Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The Euro is hard currency for Ireland. There is no guarantee that it can pay back these debts. In fact, if I were to bet, I would bet on "not."

And if not, then they need to hang on to their strategic hard currency reserve, not expend it on frivolous things like pleasing foreign creditors.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri May 4th, 2012 at 11:39:20 AM EST
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