I hope to write something worthwhile later tonight. Until then I shall continue outsourcing comment to FT Alphaville.
In addition to what’s now being called the ‘Irish Panic’ — after the market punched Ireland credit default swaps in the face on Thursday, following fears that Anglo Irish will be brought down by its subordinated debt — here’s another Gaelic headache…
It must be some sort of economic indicator when a small country’s bloggers begin regularly outsourcing comment to the Financial Times. Suggested names for said indicator gratefully received via postcard or comment.
Quite simple really – the FT is reliable, Pravda isn’t. The FT’s Wolfgang Munchau is particularly succinct about Ireland in teh EU and international contexts