The New York Times: Reports that both Ireland and Portugal might need to be rescued at the same time, also Spain as a major problem is on the horizon. This is getting ridicules folks, when does the EU say NO and allow a Sovereign Debt default, if your throwing good money down the toilet there will come a time when there is no money to misquote a former Labour Minister. The bad EU banks should be allowed to go broke and then those Countries economies should be run by the EU. Thus EU would decide the Budgets of these countries, as they are far away the political pressure wont be the same, they can be drastic, its time for the tough medicine folks, those black and white images of the Great Depression of the 1930s does come to mind.
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