Thursday, September 30, 2010

Irish Woes Get Worse

Irish Woes Get Worse - Megan McArdle - Business - The Atlantic
"It's hard to know what to say about Ireland's revelation that it expects the cost of cleaning up Anglo Irish Bank to come to a staggering 21% of GDP.
Profanity is too weak, really.

The total cost of the bank bailouts looks as if it will be well over a quarter of GDP."

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