Friday, December 16, 2011

By Who?

Ireland was only held up as a role model by stupid people and plutocrats. The unemployment rate is 14.5%!!!

DUBLIN, Dec 16 (Reuters) - Ireland's economy contracted by 1.9 percent in the third quarter, far worse than expected, as global economic turmoil dented export growth, raising the stakes for its fiscal and debt targets under an EU-IMF bailout.


Held up as a role model for other indebted euro zone nations, deteriorating prospects for Irish growth threaten to undermine its efforts to become the first country to emerge from an EU-IMF bailout in 2013.