Default

By | 24th November 2010

Instead of talk of bailout, now talk has turned to default. Ireland simply cannot afford to repay its debts. S&P has again cut our sovereign debt rating. This is going to be an interesting few weeks.

And to remind our readers (and welcome new ones) here’s what our Financial Regulator said in October 2008:

May we live in interesting times.

3 thoughts on “Default

  1. Pingback: Coalition must address Northern Ireland’s exposure to Republic’s banks « Slugger O'Toole

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