January 22, 2013
Ireland Deserves a Bailout
Wall Street Journal, Wall Street Journal
There are strong reasons why Ireland deserves a carve-out if the bank bailout fund doesn't end up authorized to address pre-existing problems like Ireland's. In Ireland's case, unlike Spain's, the primary beneficiaries of bank rescue funds weren't local creditors and depositors. Many of them were themselves privately owned financial institutions elsewhere in the EU.
TAGGED: Mario Draghi, Europe, Eurozone, Ireland