Apparently, the pot of gold at the end of the rainbow has been replaced by a big box full of IOU’s and returned checks. Ireland has taken it on the chin like a peat farmer named “Paddy” in a pub brawl, financially speaking, that is.
The EU, with the reluctant and somewhat disgusted Germans playing point guard, and the IMF have, again, cobbled together yet another bail out plan to rescue a peripheral European economy in order to maintain confidence in the grand experiment known as “the Euro.” (Can you imagine the brainstorming sessions before its birth? “Hey guys! I got a great idea! Let’s have a common currency without a central bank amongst different sovereign countries that have spent most of recorded history at war with each other!”).
It goes without saying that the broad Irish equity market (ISEQ Overall) has been beaten down pretty good. YTD it’s given
An overseas holiday is something to look forward to but it can also be stressful when things don’t go according to plan. Losing money, not being able to access it or running out of money can spoil a dream holiday.