Irish Banks In A World Of Hurt

From Bloomberg:

March 31 (Bloomberg) — Kit Juckes, chief economist at ECU Group Plc, talks with Bloomberg’s Linzie Janis about the outlook for Ireland’s banks after the government set out plans to revive the country’s financial system.

Ireland is right behind Greece and Spain, and even though they have instituted an ‘Austerity Package’, it was on the ‘backend’ of a ever worsening economy.

“If doing the right thing is this bad, how difficult could it be elsewhere?”

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