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English Sunday Times - "Ireland 'could default on debt'

zod · 2009-02-15 11:19:42

Really helpfull headline http://business.timesonline.co.uk/tol/business/economics/article5733723.ece

15-02-2009 12:19pm

#1

zod

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Posts: 1580

Really helpfull headline

FEARS are mounting that Ireland could default on its soaring national debt pile, amid continuing worries about its troubled banking sector.
The cost of buying insurance against Irish government bonds rose to record highs on Friday, having almost tripled in a week. Debt-market investors now rank Ireland as the most troubled economy in Europe.
Simon Johnson, the former chief economist of the International Monetary Fund, called for this weekend’s meeting of G7 finance ministers to put Ireland’s troubles at the top of the agenda.

http://business.timesonline.co.uk/tol/business/economics/article5733723.ece

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#2 15-02-2009 12:25pm

mike65

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True esp as the actual IMF seem to be happy enough that won't happen (as far as they can see)

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