Thursday, February 3, 2011

SOS Will the PIIGS be roasted?

The last of the PIIGS, i.e. Spain said on 2 Feb 2011, that it will not need help from IMF.

IRELAND in Dec 2010

In Dublin, Prime Minister Brian Cowen rebuffed calls to request a bailout, saying the government was fully funded until mid-2011, and insisted that only the banks may need help.

MyView

Couple of days later, Ireland needs a bailout of about Euro 90 billion. Spain said there are enough jobs in the renewal energy business. Spain denial sounds the same to Greece and Ireland days before they collapse.



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