Thread: Irish mess
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Old 22-11-10, 12:12 PM   #6
Drew Carey
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Default Re: Irish mess

Its simples......the Irish Economy goes under the world financial markets would all collapse on a scale never seen before.....and I mean never. There are too many govt funds from accross the world invested in what was once a prosperous country.

As for the what will happen next. No actual country will physically go bankrupt, the international banks, IMF, European Bank etc would never allow it. They will just loan until it ceases. But will it ever all be paid back? Nope. Eventually, you will probably see the likes of the international banks righting off debt as they do in Africa....but with much larger westernised states.

Just my 4p worth. Not neccesarily right or wrong.
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