Let Ireland default too, argues David McWilliams, who points out markets have had a massive...

|By:, SA News Editor

Let Ireland default too, argues David McWilliams, who points out markets have had a massive rally on the idea Greece will be allowed a "ring-fenced" default. Every $700M bond payment to AIB bondholders is $700M not going into the future of Ireland. "If (finmin) Noonan walked away from paying the next tranche ... the market in Ireland would rally."