DUBLIN (AP) -- Ireland edged toward taking a bailout loan from the European Union to bolster its debt-crippled banks -- but the prospect offered little reassurance that other corners of Europe could cope with their own crushing levels of government debt.
After Greece and likely Ireland, analysts say Portugal may be the next country in the 16-nation eurozone to need assistance. They suggest the crisis is now being driven less by irrational fears than by a growing realization that debts are too big for vulnerable nations to refinance, never mind pay back...
Maybe this is a sign that Labor Union is impressing less powerfully on European economy.
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