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You don't need data - because the point of Jake's letter/article isn't to create a complete recovery plan for the Irish economy, but to put default on the table as a realistic option.

It's a political move, not a practical one. The aim is to persuade the public and the incoming government that default is worth considering, and that it's potentially a better choice than the current ECB/IMF suicide note.

There's no need to deal with specifics until there's a consensus that default is worth considering in the abstract.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Feb 4th, 2011 at 09:55:58 AM EST
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