Posted by DSK on May 17, 2011 at 20:04:20:
In Reply to: re: what would happen to Ireland if we default? posted by Profit of Doom on May 15, 2011 at 15:50:55:
I think people understand now the party is over. But there is a clean up job needed, before the credit runs out in 2013.
1) Temporarily leave the Euro (5 yrs)
major side affect is we won't be able to afford foreign goods. But that may not be a bad thing, Multinationals will flock to Ireland because they sell their goods in the EU, Ireland is a small open economy. Unfortunately no one has the stones to implement the above.
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