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Thread: Wall Street Journal Europe: Ireland, Portugal Fuel Regional Woes

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    Default Wall Street Journal Europe: Ireland, Portugal Fuel Regional Woes

    Front of Wall Street Journal Europe tomorrow reports of concern's over the stability of the EU fringe, including Ireland "as one of Ireland's largest banks had its credit rating cut.."



    Moody's Investors Service downgraded the senior debt of Anglo Irish Bank Corp. by three notches to Baa3. Ireland's property-market collapse has crippled its banks, and the government has so far spent 33 billion ($44.5 billion), about one-fifth of its gross domestic product, rescuing them.
    Ireland, Portugal fuel regional woes - WSJ.com

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    Moderator NYCKY's Avatar
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    Thanks David, I get the WSJ daily and have noted an increase in the number of articles about Ireland and its economic woes. That is the US version, I am sure there it gets greater billing in the European version.

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    I can just imagine the impression you'd have of anyone connected to the Irish Government in the US at the moment.

    Between Jay Lenno and now this. And there have been several articles over the last couple of days.

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    Thanks again David.

    This is woeful for the country.

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    Politics.ie Member sondagefaux's Avatar
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    Moody's Investors Service downgraded the senior debt of Anglo Irish Bank Corp. by three notches to Baa3.
    Pretty appropriate for a country being led by sheep.

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    Politics.ie Member Squire Allworthy's Avatar
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    And it is not just the Wall Street Journal

    Tiger in a Tailspin: Ireland's Problems Have Euro Zone Worried - SPIEGEL ONLINE - News - International

    There are also articles in Le Monde, sorry can't get a link that would be accessible.

    Ireland's woes are being widely reported.

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    Lads, Ireland is insolvent. Its no big deal. Just admit it and deal with the creditors.

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