Krugman on the bailout - and why the markets aren't impressed

23/11/2010

"The basic situation is that given the cost of rescuing Ireland’s banks, and the damage harsh austerity is inflicting on Ireland’s economy, investors are understandably skeptical that the Irish government will actually be able to meet its commitments. That’s why rates are high — to compensate for a possible default." You can read the rest of Paul Krugman's post today here.

Posted in: EuropeEconomics

Tagged with: EU/IMF fundkrugman

Share:



Comments

Newsletter Sign Up  

Categories

Contributors

Sean McCabe

Sean holds an B.Sc in Applied Physics from Dublin City University and an M.Sc. in …

Vic Duggan

Vic Duggan is an independent consultant, economist and public policy specialist catering …

Shana Cohen

Dr. Shana Cohen is the Director of TASC. She studied at Princeton University and at the …



Podcasts