Ireland’s Rescue Package: Disaster for Ireland, Bad Omen for the Eurozone
December 04, 2010 at 14:37 PM EST
Irish interest spreads did not fall and contagion continues. Here one of the world’s leading international economists explains why. Short-sighted, wishful thinking by EU and German leadership designed a package that is not economically feasible in the long run (it would trigger a vicious debt deflation spiral) and it is not politically sustainable in the [...]