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Ireland was a debt crisis. A private debt crisis. Which should not be news to anybody reading these pages.

And while the Irish private debt crisis was not a currency crisis on the Continental model, I do note that the ECBuBa did not precisely cover itself with glory in Ireland. To put it very delicately.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Sep 7th, 2011 at 08:09:14 AM EST
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