Ireland News Update – October 2012
IRELAND GIVEN THE RUN-AROUND BY EU OVER DEBT DEAL The ongoing saga regarding the restructuring of Ireland’s bank debt has taken a number of major turns. In June the Irish government triumphantly announced that a deal had been brokered whereby some Irish bank debts would in fact be paid for by a new European Union mechanism. A ‘game-changer’ and ‘seismic shift’ were some of the terms used at the time. In the months that followed though the realization of exactly what this involves seems to have dawned on the Germans who recently emphatically stated that the new mechanism would only … Continue reading Ireland News Update – October 2012