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Krugman and other experts on the decision of the government of Ireland to guarantee all the debt of its runaway banks.
08/31/2010
This decision has burdened the Irish people with the debt that banks incurred in a burst of speculative frenzy in real estate. This was possible as bankers were working together with politicians and developers. German and British banks made poor lending decisions and loaned money freely to Irish banks. Banks should share in these losses but the decision of the Irish government has put the burden on the people of Ireland, with a third year of severe austerity cuts in the face of a 14% unemployment rate. The investigation into Anglo Irish Bank.
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Tests Show Irish Banks Still Ailing
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OECD report cites rising income inequality - The Washington Post
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World leaders agree on more spending to boost Europe’s economy - The Washington Post
Washington Post 05.20.2012
How National Belt-Tightening Goes Awry - Economic View
New York Times 05.19.2012
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Ex-Anglo Irish Executives Charged
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EU Reaches Deal on Bank Supervisor
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Ireland Warns of Lingering Woes Amid New Bond Offer
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