Is Ireland solvent?

Is Ireland solvent?: "Is Ireland solvent?
By: Wolfgang Münchau und Raphael Cottin
This is a short essay on Irish solvency. We assume that Ireland takes the money. There may be a political crisis. The government will almost certainly lose the elections, now to be held in January. But whatever happens, Ireland will take the money eventually. There is no other choice. The interesting question is: what then?"


Nationalise all the Eurozone banks, re-staff all the regulators with people who can understand concentration risk. Start again.

Details - reset all mortgages to something like the current value of the property.

Impossible fiscal help - ECB sends 1,000 euro cheque to everybody in the Eurozone to kick up aggregate demand.