Monday, 6 December 2010
A few days ago I wrote in another blog a post stating that Ireland was lucky to be saved by the EU/IMF fund. But now I am confused. Was the Irish rescue the rescue of the Irish economy? Or was it imposed on Ireland - and on its government that will suffer in next year's polls - to rescue the banks in Europe that hold a large share of the country's sovereign debt, as today's FT argues? In the meantime, Portugal's yields have stabilized. Were we just lucky not to have been "saved" by a similar loan? What's next?
Posted by Pedro Lains at 18:27