Saturday, February 28, 2009

What separates Ireland from Iceland? About 6 months!

"The stunning fall of Iceland late last year and the spreading contagion of the financial crisis have ignited fears — fanned by bloggers, analysts and a small group of outspoken economists like Morgan Kelly — that Ireland, another small, open economy plagued by deficits and an outsize banking industry with incalculable losses, may suffer a similar fate."

Read more here at the NY Times...

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