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Should E.U. leaders be getting involved in Ireland's debt crisis?

European Union officials are hashing out a possible $100 billion aid package for Ireland to help shore up that nation's devastated banking sector.

By Abha Bhattarai  |  November 16, 2010; 2:52 PM ET  | Category:  National Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati  
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How about option #3: No. Ireland should work to restore its economy, restructure its debt, and refuse EU bailout packages which are guaranteed to be designed to help the foreign lenders, NOT the Irish people. Since default is inevitable either way, might as well focus all efforts on getting on with it.

Posted by: Hunter | November 16, 2010 11:05 PM

So what if Ireland defaults on its debts. Look at what happened to Iceland when it defaulted: nothing.
This is a simple debt problem that is being blown into some giant crisis, when it is really nothing to worry about at all. Ireland lived beyond its means, drew too much foreign debt, and now must default, reschedule its debts and correct its budget overspending. What does Ireland contribute to the global economy that it has become the center for such alarm? Remember the horror stories about Iceland's default. Read any front-page consequences of that since?

Posted by: edwardallen54 | November 17, 2010 9:43 AM

By all means, countries like Ireland should be helped. As for the third world cesspools, let them and their sub-human inhabitants rot.

Posted by: adrienne_najjar | November 17, 2010 11:07 AM

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