Thursday, 22 March 2012

Irish woes.

I have had a nagging doubt that not all was going well with the Irish economy following the 2010 bailout and imposition of austerity measures.  Today, bad news about the economy.  Having been lauded by Merkel as an exemplar of how eurozone counties should reduce their debt, the news will send shivers through the governments of Greece, Italy, Spain and Portugal.

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