Greece

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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Société Générale: Euro Headed For Collapse

What a headline to wake up to.  When one of the oldest banks in the world, and one that we as taxpayers helped bailout using AIG funds makes these types of statements, you better listen up. Collapse of the euro is 'inevitable': Bailing out the Greek economy futile, says FRENCH banking chief The European single currency is facing an 'inevitable break-up' a leading French bank claimed yesterday. Strategists at Paris-based Société Générale said that any bailout of the stricken Greek economy would only provide 'sticking plasters' to cover the deep- seated flaws in the eurozone bloc. The stark warning came…
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