Dan O’Brien in the Irish Times on the reality the Germans and French have been reluctant to accept:
….people in those countries whose banks lent to peripheral governments are going to pay one way or the other. Default would involve core countries having to recapitalise.
Mick is founding editor of Slugger. He has written papers on the impacts of the Internet on politics and the wider media and is a regular guest and speaking events across Ireland, the UK and Europe. Twitter: @MickFealty