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Eurointelligence: Moody's downgrades Greece to junk - default is now a couple of ticks away
Irish foreign minister urges diplomats to talk Ireland out of the crisis

While the European Commission has approved an extension of Ireland's bankin guarantee until the end of the year, foreign minister Eamon Gilmore has ordere Irish diplomats across the globe to get the message out that Ireland has drawn  line under its banking crisis, the Irish Independent reports. He described their mission as "a major diplomatic initiative to restore, in the words of Robert Emmet, Ireland's place among the nations of the earth".  Gilmore said the country's small but effective foreign service had played a key role in asserting and protecting Irish sovereignty since the foundation of the State, and now it was being called on to rescue its economic sovereignty.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Thu Jun 2nd, 2011 at 04:12:50 AM EST

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