No holding back the tide

In spite of Ireland’s insistence on its ability to do without funding until next June, many believe that, sooner or later, a bailout is inevitable

13th November, 2010

In spite of Ireland’s insistence on its ability to do without funding until next June, many believe that, sooner or later, a bailout is inevitable

The last stages of any showdown with the markets are usually typified by a wretched government, bank or quoted company pleading with anyone who will listen that the markets are acting irrationally and that the currency, bonds or shares in question deserve better treatment.

It rarely works. Taoiseach...

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