Actually, they're fucked.
On 16 Feb 2009, at 18:08, Kevin Callahan wrote:
http://www.irisheconomy.ie/
By John McHale
February 16th, 2009
The Irish economy is well removed from a full-blown financial
crisis. (I take it that the outstanding feature of such a crisis
is the inability roll over liabilities.) Even so, it is useful to
review, with the Irish situation in mind, the list of crisis-
prevention actions that received broad assent after the Asian
crisis. A reasonable overall assessment is that Ireland is still
in a relatively strong position, but it is worthwhile to concentrate
on minimising the remaining tail risk. Here is a partial list:
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