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re: what would happen to Ireland if we default?

Posted by Profit of Doom on May 15, 2011 at 15:50:55:

In Reply to: what would happen to Ireland if we default? posted by Banks on May 15, 2011 at 12:19:16:

Piece in the IT yesterday about what happened in Argentina when they defaulted - story about a cattle truck crashing and the hungry citizenry nearby rushing out to slaughter the animals grabbing as much meat as they could. The idea being that is where we could end up too if no one to lend us money. Wouldn't be long before the multinationals would depart as infrastructure and services like schools, hospitals, gardai and so on all ground to a halt.

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