Not after Ireland and Portugal get theirs first.
But these bailouts don’t help the populace, only the banksters who made risky loans. If we had actual capitalism, the banks would be allowed to fail rather than being propped up by governments.
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Frankly, we blame all the other PIIGS for this Irish bond yields just hit an all-time high, a sure sign that the financial crisis in the EU is back. In classic denial, they are blaming the other PIIGS (Portugal, Ireland, Italy,Spain, Greece) for making things bad for them. [...] Financial markets tanked yesterday, primarily because of fear that some nations may default on their debt. Among them are the rudely named PIIGS (Portugal, Italy, Ireland, Greece, Spain) and STUPID (Spain, Turkey, UK, Portugal, Italy & Dubai) with Portugal, Spain, and Greece the most worrisome. This is not just an internal matter for those countries. [...] Portugal, Ireland, Italy, Greece, and Spain are collectively known as the PIIGS. Their economies are wobbling badly and their debt load is crushing. Greece in particular may be on the verge of defaulting on their debt. While they insist everything is just fine and we can handle our own affairs, the EU may be on [...] |  | ||||
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