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Opinion hiding among news: Expectations grow for Ireland rescue package - MarketWatch
For Ireland, default delayed

Ireland will be forced to accept a bailout. But this will only postpone its default. That's because it is already overburdened by debt. All these rescues do is switch the pain from creditors to taxpayers. But taxpayers, particularly German ones, won't stay compliant forever.

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010
by Carrie (migeru at eurotrib dot com) on Thu Nov 18th, 2010 at 11:15:11 AM EST
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