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Ireland - the sovereign, not the banks - came under attack in early Winter 2009, almost immediately after NAMA was announced (for obvious reasons, since NAMA was always suicidally insane).

That it took until mid-2010 before their foreign creditors were bailed out is neither here nor there, since the only reason you brought up Ireland (aside from your obsession with the quaint notion that since Ireland was a debt crisis, Spain, Portugal, Greece, Italy, France and Belgium must also be debt crises) was to make a cheap shot at my 2009 prediction of the order in which Southern Europe was attacked.

(Note, incidentally, that by your definition, the current Spanish crisis is an entirely domestic affair.)

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Sep 7th, 2011 at 09:03:49 AM EST
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