Re: Re: Why did Ireland bother? Don’t they have Trojan horses?


Do not agree at all. You are proposing that Spain becomes a European Japan. Sloooooow deflationary cycle, huge debts, etc… Better to do as the US and other developed nations such as the UK and tell the truth about the problem.

There’s no point in hiding it now, the markets are going to charge a premium because they know something is being hidden.