It goes always between 'it goes well' and doom..
It is not doomed like some believe;..more doomed than it ever was though;..
When Greece was doomed the EU countries put already 750 billion aside if Spain or Portugal need it...
it is something that people forget easy when they go on with the doom of the Eu zone..
Anway the sad thing is that Ireland was one of the countries that really needed the Euro, before the Euro it was a country known for paying high debt interest rates and it was even that bad that they needed an devaluation in the 90's can't remember exactly when...
And if they didn't had joined the Euro nobody would care if they were doing horrible..
Then it would be just like Iceland, Iceland's debt doubled in two years from 60% in 2008 to 120%, how much do you hear about them? Yeah nothing, sure it has a small population but it is not like Ireland is a second UK or Germany..
How the Euro will do the next months no idea, It was doing terrible when the problems were in Greece, then one month after it was doing okay again...And now this happens with Ireland...
Belgium needs a bailout? it all depends how much the ones who are making money of this crisis on the market want it...But it would be strange though..
The unemployed rate is lower than the average of EU..8,5% compared to 10%...
And the last 5 months the unemployed rate is decreasng (slowly though), their debt(increase) is around 5% I don't know what is the average of EU but would I guess wrong if it is higher? They were lucky that before the crisis they were already saving a lot of money to pay of their debt, they can't pay it off now but it helps to a not that hight debt increase. It also helps they are the belong to the biggest savers in Europe an the government's debt is basically in the hands of it's own population...Only worries is not having government but their interim government is still doing ok..
Just to summarize..it has never been that doomed before but on the other hand if it was so doomed why they still let Estonia join next month the Euro..?
The only thing that bothers me now in EU is the fucking cold weather and I think I am not speaking for myself only... (ofcourse the only country having great weather is Greece 25°!!)...
