Time for Europe’s ‘pusillanimous politicians’ to do the right thing?
Right, stop me if I’ve got this wrong, but it seems to me that Ireland faces two big problems: bank liquidity; and a debt mountain (which has just got way bigger). In order to service the first, the second (whilst already large due to a massive fall in tax receipts) has been made unfeasibly high (how’s that small panic attack going Robert?). The Economist has an obivious solution, but one that is not going to popular with European heads of …