Backstory: Europe’s Shaky Economy

Thursday, December 09, 2010

Last week, the European Union voted to help bail out Ireland’s government, hoping that it would help calm the markets. Matthew Bishop, the U.S. Business Editor and New York Bureau Chief for The Economist, explains whether the EU has succeeded, has helped stabilize the markets, and why investors continue to be worried about Spain, Portugal and Italy. Plus, a look at what the current crisis means for the future of the Euro.


Matthew Bishop
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Comments [4]

Mike from Tribeca

By the way, Leonard, the Irish Parliament has been slashing its budget for the past two years, long before the UK faced its own problems. No mention was made of this during your interview (which barely touched on Ireland).

Dec. 09 2010 02:22 PM
Thanassis from NYC

I would appreciate if your guest as well as the media stopped using the derogatory and racist term "PIGS" in reference to the southern countries of the EU

Dec. 09 2010 01:52 PM
Mike from Tribeca

One more question -- how could this deal have "help(ed) stabilize the Euro" if it was put together just a week ago?

Dec. 09 2010 01:45 PM
Mike from Tribeca

Weren't EU investments (essentially stimulus packages) back in the 80's and 90's a major reason that the Celtic Tiger emerged roaring out of its cage? I recall EU signs about these injections of money everywhere in Ireland in those days.

Fittingly, the circularity is reminiscent of the structure of Finnegans Wake.

Dec. 09 2010 12:50 PM

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