Thursday, June 30, 2011

Analysis: Weak economy may force second bailout of Ireland

By Carmel Crimmins DUBLIN

(Reuters) - As Europe struggles to put together a second bailout of Greece, to supplement the rescue effort launched last year, the crisis may force a second bailout of another indebted country in the region: Ireland.

Dublin, which signed up to an 85 billion euro ($122 billion) bailout from the European Union and the International Monetary Fund last November, is hoping to generate enough economic growth over the next two years to decouple itself from Greece in the minds of investors.

This would permit Ireland to make a full return to funding itself in the debt markets in 2013, after testing the waters in the second half of 2012 with short-term issues.

More Here..


  1. The PIIGS needs 2nd, 3rd, 4th, etc. bailout. Similarly, the FED will have QE3, QE4, QE5, etc. Shell game continues until the creditors get tire of not getting any return.

  2. The Weapons of Mass Distraction, the Whores Calee and Cadie Anthony are taking peoples direction away and off of the Depression


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