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Ireland Here we go - Irish banking system downgraded

Cassandra Syndrome

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As night follows day the collapse is gathering pace.

The Irish banking system is starting to strain as it begins to be downgraded.


Irish banking system downgraded from 'positive' to 'stable' by Moody's

Ratings agency Moody’s has downgraded the Irish banking system to ‘stable’ from ‘positive', citing pressure on earnings even as asset risks decline


 

Tadhg Gaelach

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I'm just surprised anyone ever thought this failing industry was ever "positive."
 
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I'm just surprised anyone ever thought this failing industry was ever "positive."
Merkel's cheque-book.

all catastrophes have their ultimate expression through the economic system.

the Fall of Rome
the rise of Hitler
the falklands war
'the troubles'

every little irish taxpayer is surrounded by a hundred vampires sucking at the marrow in his bones. Of course the economy is fecked.
 
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