The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
A bond is not sacred. Equality before the law is sacred. So a default or partial default has to treat all bond-holders of the Irish state the same way. The strategy outlined here - let the wrong type of creditors bleed -can't work.
I mentioned the 100 billion owned by Irish banks to the ECB. That is not a hedgefund. Nor even really foreign. And the considerable sums that the Irish governments already put in the banks is a fact too.
I think that is offered here is a illusion. Bankruptcy without the pains of bankruptcy. Make the foreign evils pay.
The problem in Ireland is the neoliberal policy of the last irish governments, supported by a substantial part of the Irish voters. The mentality now - we will keep the mansion but shed the debt is not real helpful.
by Luis de Sousa - Sep 22 1 comment
by Oui - Sep 23 1 comment
by Cat - Sep 14 14 comments
by gmoke - Sep 19 1 comment
by Frank Schnittger - Sep 10 5 comments
by ARGeezer - Sep 7 39 comments
by Frank Schnittger - Sep 2 57 comments
by Oui - Sep 231 comment
by Luis de Sousa - Sep 221 comment
by gmoke - Sep 191 comment
by Cat - Sep 1414 comments
by Frank Schnittger - Sep 105 comments
by ARGeezer - Sep 739 comments
by Frank Schnittger - Sep 257 comments
by THE Twank - Aug 3110 comments
by Frank Schnittger - Aug 2757 comments
by Cat - Aug 2222 comments
by Cat - Aug 2225 comments
by Cat - Aug 185 comments