Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Ireland has a positive balance of trade, so it does not need to roll over its debt. So nothing prevents Ireland from presenting its current bondholders with an ultimatum: Either you buy every single bond we issue, at the price we decide, or you get not one penny back.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Nov 21st, 2010 at 01:34:20 PM EST
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