Simply put, the losses Irish taxpayers will be forced to cover are larger than the nation’s economy can support, even with the promised bailout. The EU and Irish political leadership’s attempts to put a brave face on the crisis is no match for this crippling burden.
Continue reading Why Ireland’s Austerity Budget Isn’t Likely to Prevent a Default
Why Ireland’s Austerity Budget Isn’t Likely to Prevent a Default originally appeared on DailyFinance on Wed, 08 Dec 2010 11:00:00.