2 Seminal Articles on Ireland’s Debt Crisis

Yesterday, from David McWilliams in the Indo:


And today from Wolfgang Münchau from the FT in the Irish Times:


As mentioned on this site previously, it is time to test the mettle of the bank debt-holders (preferably as Ireland Inc vs Deutsche Bank/Bank Paribas in the European Courts). 

The Irish government must:

  • Secure a better funding rate than 5.8%
  • Start the “war-game” planning around (bank) debt restructuring.

Angela, Nicolas and Jean-Claude – lets REALLY see the colour of your money and the whites of your eyes.