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Ireland Cuts Budget in Bid to Tame Debt
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What Greece, Ireland, Britain and Spain have in common after the Dubai debt crisis.
11/20/2009
It costs close to 400,000 to insure $10 million of government debt against default for Greece. The numbers are close tov $300,000 for Ireland, close to $200,000 for Britain and close to 100,000 for Germany. See graph.Ireland just announced its new budget in December 2009 with strict austerity measures and cutting public sector pay. See the link to Ireland. Recent taxes on bank bonuses in Britain raise $500 million and attempt to assuage public sentiment.
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The economy of Ireland after 2009.
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High unemployment, cutbacks in an austerity budget, emigration like it was before the 1980's, and a whole host of problems facing the Irish.
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