Gedankonomist

Ireland: The Next Iceland?

Huh? Why don't you just ask the tooth fairy to wave her magic wand?

On Apr 09 05:10 AM morph366 wrote:

> Why can't Ireland take a bridge loan from the IMF to build bridges
> to stimulate their economy?
> Hopefully when the bridge loans come due the activities of the Fed
> will have reflated property prices around the world enough and then
> Ireland's banks can be taken private again and the Irish government
> can pay back the IMF. If not they can always take another bridge
> loan to build even more bridges.
> If the euro does fall apart - which certainly Germany, France etc
> will do their utmost to avoid but which may well hinge on how other
> troubled EMU members react to their domestic crises - e.g. Portugal,
> Greece and Spain - the systemic consequences would be like a magnitude
> 8 seismic event.