Wall Street Journal (November 24)Wall Street Journal (November 24, 2010)
Greece, Ireland, Portugal…who knows which country is next. The EU’s stabilization fund for euro-zone members was established with the hope that the €750 billion life preserver would reassure markets and never need to be used. Now, Ireland alone will cost up to €100 billion. Unless the EU helps “its member countries return to growth,” the fund may get used up very quickly.
Greece, Ireland, Portugal…who knows which country is next. The EU’s stabilization fund for euro-zone members was established with the hope that the €750 billion life preserver would reassure markets and never need to be used. Now, Ireland alone will cost up to €100 billion. Unless the EU helps “its member countries return to growth,” the fund may get used up very quickly.
Tags: Euro crisis, Growth, Ireland, Stabilization fund
