The European nations are now urging Portugal to accept a bailout package in order to save Spain. Actually, Portugal is highly exposed to Spain and if one becomes insolvent, the effect will come on the other. If Portugal does not accept the bailout package, then both Spain and Portugal will need the bailout and that […]
Finally, the truth has been accepted. Ireland has agreed to accept the multi-billion Euro international bail out package to save the crippling economy which is unable to come out of it’s crisis. Finance Minister of Ireland has finally agreed that the bail out package will be extremely helpful to stabilize the finances of the nation.
When recession put its grips on different world economies in 2008, Ireland was perhaps one of the few nations which went almost on the verge of bankruptcy. Today different European nations have asked Ireland to accept a bailout package from different European nations. But Ireland government authorities are not agreeing to the proposal and they […]