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Unformatted text preview: The Economist The euro-zone crisis Saving the euro Irelands woes are largely of its own making but German bungling has made matters worse Nov 18th 2010 This article talked about Irelands troubled economy. It addressed three questions, the first of which being, who is to blame for this mess? The article discusses that Ireland is the original country to blame for their mess, because of incompetent regulators, but they also place some of the blame on Germany, because Merkels idea that any future euro-zone rescue scheme should include a mechanism for an orderly sovereign-debt default. They fully agree with the principle of this but say that the idea was handled quite poorly, because Germany failed to produce a detailed proposal for the summit. The second question asks, what the solution for this problem is, they talk about how the major euro-zone countries want a complete bailout for...
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This note was uploaded on 03/14/2012 for the course POL 333 taught by Professor Dr.mason during the Fall '10 term at Miami University.
- Fall '10