Irish Debt Woes Revive Concern About Europe | WHAT REALLY HAPPENED


Irish Debt Woes Revive Concern About Europe

When interest rates soared last week on Irish government bonds, it served as a grim warning to other indebted nations of how difficult and even politically ruinous it could be to roll back decades of public sector largess.

Webmaster's Commentary: 

When a private banks issues the public currency at interest, the eventual doom of all those within that bank's reach is sealed.

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