If things did get that bad what would be the fate for Ireland
[FONT="] And has it ever happened that a country has gone financially bankrupt? [/FONT]
Buy some gold, keep some cash on hand.
I wonder what George Lee would say?David McWilliams would be on TV straight away saying "I told you so".
I wonder what George Lee would say?
The risky move of the guarantee could lead to Ireland inc having to pay higher debt servicing costs on our national debt on a lower rating at a time when the debt is about to balloon from circa 36% of GNP to circa 44% of GNP. Does not sound pretty.
"It's a bad day for the banking system, a bad day for Ireland, a bad day for Europe...a bad day for everyone. From here, things can only get worse as there's it's hard to see a solution to this particular crisis."
I agree the banks, gov and developers are in the one club.FF are only looking after their best contributors. That is most important.
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