BBC News: Reports that Ireland has not asked for a formal bailout, but will have talks about talks about a bailout. While Ireland talks the EURO could fall over a cliff, the worry about the Irish has caused the cost of borrowing to go up for such countries as Portugal and Spain, as the New York Times noted yesterday all three Countries might need to be bailed out as the same time, how much would that cost the UK taxpayer, thus far it looks like the UK will give Ireland between 6-7 Billion pounds, what are the chances that the UK will ever get it back, it seems that the Irish don’t want the public humiliation of turning over their economic sovereignty to the EU, but as the banks and the politicians of Ireland have bankrupted the nation, it might be in the interest of Ireland for EU to be in charge of the Irish State.
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