Saturday, 13 November 2010

Irish Bailout

Another bailout within the Eurozone now looks very likely:

The Republic of Ireland is in preliminary talks with EU officials for financial support, the BBC has learned.

It is now no longer a matter of whether but when the Irish government formally approaches the European Financial Stability Fund (EFSF) for a bailout, correspondents say.

The euro is fundamentally flawed, so can we get the collapse of the euro out of the way asap. We all know the euro currency can't continue in its current format. How many jobs, or how much economic devastation does it take before reality sinks in?

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