Is Ireland The Next Country To Go Into Default?

Central Bank of Ireland

Ireland ‘Could Default On Debt’ -- Times Online

FEARS are mounting that Ireland could default on its soaring national debt pile, amid continuing worries about its troubled banking sector.

The cost of buying insurance against Irish government bonds rose to record highs on Friday, having almost tripled in a week. Debt-market investors now rank Ireland as the most troubled economy in Europe.

Simon Johnson, the former chief economist of the International Monetary Fund, called for this weekend’s meeting of G7 finance ministers to put Ireland’s troubles at the top of the agenda.

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My Comment: This is not a military or security related story .... but if the financial crisis continues, it will have a profound impact on security, intelligence, and military issues.

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