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it is not realistic for Ireland to default on ECB debt without putting our membership of the Euro and EU in doubt - and destroying our banks

What? People in Ireland still think they have banks left, let alone worth defending?

At least the current Irish Central Banker is not that insane: Sell Irish banks to foreign investors, says Honohan

Ireland's banks should be sold off to foreign owners to quicker clean up the debt crisis, the country's top banker declared today.

Patrick Honohan, governor of the Central Bank, also claimed a new government will be able to change the terms of the €85bn EU/IMF bailout.

The banking chief said getting overseas investors to take over the homegrown banks that survive the current economic mess was looking like the best option.



Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Migeru (migeru at eurotrib dot com) on Fri Feb 4th, 2011 at 06:34:54 PM EST
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