Ireland went on a big fiscal austerity kick early on, yet despite all of that investors in the 10-year bond market (where higher rates correspond to less confidence) actually favor Spain, which has been dragged kicking and screaming into fiscal austerity. So I do not see how you can exclude Ireland from the picture when the best measure of market confidence shows Ireland slightly worse off than Spain. You just don't hear about it as much, plus any contagion is expected to spread from Greece to Portugal and Spain first.

Elda Taluta; Sarks Sark; Ark Arks

In reply to Re^3: How do North Americans find Europe as a workplace? by Argel
in thread How do North Americans find Europe as a workplace? by talexb

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