Ireland’s dilemma: sovereign solvency or rescuing the banking system

Thursday, November 18th 2010 - 18:35 UTC

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Emergency talks were being held in Dublin overnight as fears about Ireland’s ailing banking system forced the deployment of a team from the European Union, the International Monetary Fund and the European Central Bank. Read full article

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xbarilox
“Ireland's dilemma: sovereign solvency or rescuing the banking system”
This one is better “Ireland's dilemma: people or banks”
Nov 18th, 2010 - 06:57 pm - Link - Report abuse 0
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NicoDin
@xbarilox

Remember when Ireland was showed here (even until this year) by fellow economists from the 90 as Jorge Avila, CEMA, Melconian, José Luis Espert, Broda, etc as the example to follow?

Well Ireland is in a similar situation that Argentina during 2001. Everything was well until a crisis somewhere started (US credit crunch).

Good per capita to show but made over fantasy, now the poor Irish people will have to suffer the pinch of the reality.
Now the same genius that have been advocating for those policies like the FMI, WB, WS, WSJ, FT, The Economist and all gurus, are telling the Irish to save the banks.

You know how that had ended here, don’t you? Yes 2001’s financial collapse.

Credit is gone and the Irish will have to live according their means.

So Irish “patacones”, and “club del trueque”, etc.

Here the proof of that its already taking place in Britain.
http://news.bbc.co.uk/2/hi/uk_news/8579476.stm
http://news.bbc.co.uk/2/hi/uk_news/8579476.stm
Nov 19th, 2010 - 11:17 am - Link - Report abuse 0
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xbarilox
3 Nico
“El club del trueque” they should call Noemí Alan jaja. The moron in the jpg is the same type of sob as the infamous man of Hoz, Erman Gonzále, Rapanelli, Machinea, etc. They will always do what is best for banks, but never for the people. They see people as nothing but a fork, they just use them.
Nov 19th, 2010 - 09:11 pm - Link - Report abuse 0
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