I suspect Ireland will go the way of Iceland and be at the IMF by the end of the year.
Thanks for your armchair economic contribution Chrisbl.....
The IMF debacle was a result of a mistaken report by an Irish broadcaster based on rumour that An Taoiseach, Brian Cowen, mentioned the IMF while in talks with the social partners(unions and business leaders).
Europe has clarified that they don't see the IMF stepping in. I hope that's true. They'd want to hope so too given that we have a second Lisbon Treaty to vote upon.
Anyways, here's a relevant joke for you miserable bunch of wrinklies:
Q. What's the difference between Iceland and Ireland?
A. One letter and about 6 months.