Archive for November 8th, 2010

No Smiling Eyes In Ireland These Days

Irish economist Morgan Kelly’s Op-Ed on IrishTimes.com is getting lots of play today. In it he puts forth three propositions. The Irish bailed out the European banks by repaying the loans that Irish banks took out with U.K., French and German banks with money borrowed from the ECB. In doing so, Ireland missed the opportunity [...]

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