Irish Elections

By Econ70 | 02/27/2011

Yesterday Ireland held elections; Fianna Fail (FF) lost to Fine Gael & Labour (FGL). When the Irish economy tanked in ‘08 FF had the government guarantee all bad bank debt; a dreadful decision resulting in a $93 billion bailout and a painful austerity program. FGL promises to renegotiate it all. This may cause a Euro…

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