BBC News: Reports that Moody’s the Credit Agency has downgraded Irelands debt rating to junk. As with Greece it looks like Ireland will need another bailout, of course the UK taxpayer will have to get his/her wallet out again! A second UK bailout to Ireland should come with strings, tight strings, or we should allow Ireland to go to the wall. Of course if Italy and Spain go then it does not matter, its over, Great Depression Mark 2, its on the horizon folks.
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