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With all due respect, you have no idea what you are talking about. The headline figures for Ireland are very misleading. The bond spreads are coming down becaus
by patrickk 11y ago
With all due respect, you have no idea what you are talking about. The headline figures for Ireland are very misleading. The bond spreads are coming down because Irish banks were bailed out at enormous expense and are buying Irish govt debt.
Meanwhile hundreds of thousands have left the place for good due to a lack of opportunity. Many ordinary people are still struggling badly. Ireland and Greece are nothing alike, we never went on a spending spree like Greece did, it was all the dirty dealings with the bank bailout that made the recession so long lasting.
- anonymousDan 11y agoNah. We were already screwed when this government got in because of the last one. To lay the blame at their door is ridiculous. They did a good job with the hand they were dealt IMHO (particularly Noonan). Furthermore the bond spreads aren't "coming down", they've been next to nothing for a while. Unemployment is still too high but a lot better than it was.